The other offers were priced at 258.5 USD/mt and 258.89 USD/mt. The next tender will be carried out on August 6th 2017.
According to Oil World, in June 2017, the soybeans processed in Argentina reach 3.85 million tonnes, which is 5% less than in June 2016. In the first half of the year, the indicator declined by 1.2 million tonnes to 23.33 million tonnes, so soybean stocks are on the rise. In June, soybean processing declines by 19% to 251,000 tonnes, the first case of a decline in the indicator for the recent months.
On Tuesday, the export price of Malaysian palm oil rose by 15 USD/mt to 645 USD/mt , for August shipment. During the period July 1 - July 25, Malaysia exported 1.017 million tonnes of palm oil, which is 3.16% more than the same period in July. There is growth in demand on the part of China +46%, the EU + 36%. During the said period, the largest amount of palm oil was imported to the EU from October 2016 until now. Import of India is down by 16%.