#corn oil price in india

[lethimfertilise]

Will Brent hit $100 in Q2?

Over the last couple of days, I've been reading a lot of differing analytics referring to recent spikes in oil prices. I can't say that oil prices are constantly on my radar, but I do check them at least once a week. So, below are some of my thoughts and numbers I have found.

Brent oil prices have been trading in the range of $85 to $90 per barrel for a month now, which is a record since September 2023. At the same time, there is occasional market discussion about the possibility of prices rising to $100 per barrel.

The price increase is partly due to the introduction of new OPEC+ quotas since the beginning of this year, which have led to market tightening: while in Q4 2023 global supply exceeded demand by 400 thousand barrels per day (b/d), in Q1 2024 demand already exceeded supply by 250 thousand b/d (Energy Information Administration (EIA) data).

This deficit has led to a reduction in commercial oil and petroleum product inventories in oil-consuming countries: according to the EIA, as of the end of March 2024, their volume decreased by 0.5%, reaching 2735 million barrels - the lowest level in a year and a half. Also impacting is the rise in logistical costs due to the need to bypass the Red Sea, which increases the transportation time from the Middle East to Europe from 19 to 34 days.

So, what shall we expect now?

The emergence of a deficit alongside the reduction in commercial inventories and increased tension in the Middle East has led to oil prices trading at six-month highs. However, prices are unlikely to reach $100 per barrel, partly due to increased supply in Iran, where production reached 3.23 million b/d in Q1 2024 - the highest level since the US embargo.

Iran is not part of the OPEC+ deal, while its key participant countries have faced a record surplus of oil production capacities: according to the EIA, the surplus in oil production capacities in Middle Eastern OPEC countries reached 4.1 million b/d by March 2024, comparable to the current production volume in Iraq, the second-largest oil producer among OPEC countries.

In addition to the surplus (i.e., the potential for rapid production growth), the market will also be influenced by the slowdown in the Chinese economy, which will be associated with the exhaustion of recovery potential after the COVID-19 pandemic. According to IMF forecasts, China's GDP growth will slow from 5.2% in 2023 to 4.6% in 2024.

So, I don’t think that oil prices will reach $100 per barrel: Brent prices by the end of Q2 2024 will balance in the range of $80 to $90 per barrel.

[brookstonalmanac]

Holidays 8.25

Holidays

American Oil Discovery Day (Pennsylvania)

Apocynum Day (French Republic)

Aromatic Visibility Day

Australian South Sea Islander Recognition Day (Australia)

Battle Of Blair Mountain Anniversary Day

Clio Asteroid Day

English Channel Swim Day

Gene Simmons Day

Great American Duck Day

The Great Moon Hoax Day

Healthy Lifestyle Day

Honorable Artillery Company Day (UK)

International Day of the Hairstylist

International Redhead Day

Kiss and Make Up Day

Lake Sevan Day (Armenia)

Liberation of Paris Day (Paris, France)

National Don't Utter a Word Day

National Park Service Founders Day

National Poetry Day (New Zealand)

National Second-Hand Wardrobe Day

National Tech-Voc Day (Philippines)

Nils Lofgren Day

Pops Staples Day (Chicago, Illinois)

Private Eye Day

Rohingya Genocide Remembrance Day

Second-Hand Wardrobe Day

Soldier's Day (Brazil)

Songun (North Korea)

South Sea Islander Recognition Day (Australia)

Tim Burton Day

Wizard of Oz Day

Food & Drink Celebrations

Feast of the Green Corn

Instant Ramen Day (Japan)

National Banana Split Day

National Lamington Day

National Whiskey Sour Day

Independence & Related Days

Belarus (from USSR, 1991)

Constitution Day (Paraguay)

Iloilo City Charter Day (Philippines)

New Orleans (Founded; 1718)

Parva Domus Magna Quies (Declared; 1878) [unrecognized]

Uruguay (from Brazil, 1825)

4th & Last Sunday in August

Burning Man begins (Nevada) [8.27 thru 9.4]

Family Day (Tennessee) [Last Sunday]

Go Topless Day [ website ] [Sunday nearest 26th] (Also 8.24)

International Bereaved Father’s Day [Last Sunday]

Miner’s Day (USSR) [Last Sunday]

National Faith HIV/AIDS Awareness Day [Last Sunday]

National Fantasy Football Draft Day [Last Sunday]

Notting Hill Carnival begins (UK) [Sunday before Last Monday]

Plague Sunday (Gloucestershire, UK) [Last Sunday]

Pony Express Day [Last Sunday]

Sacrifice Our Wants For Other’s Needs Sunday [Sunday of Be Kind to Humankind Week]

Seven For Sunday [Every Sunday]

Social Justice Sunday [Last Sunday]

Soothing Sunday [4th Sunday of Each Month]

Spud Sunday [4th Sunday of Each Month]

Souper Sunday [Last Sunday of Each Month]

Sultry Sunday [Last Sunday of Each Month]

Sundae Sunday [Every Sunday]

Sunday Funday [Every Sunday]

World Kitchen Garden Day [4th Sunday]

Weekly Holidays beginning August 25 (4th Full Week of August)

Be Kind to Humankind Week (thru 8.31)

Brake Safety Week (thru 8.31)

Contact Lens Health Week [4th Week]

National Composites Week [Last Week]

World Water Week (thru 8.29)

Festivals Beginning August 25, 2024

Bloemencorso Blankenberge (Blankenberge, Belgium)

Burning Man (Black Rock City, Nevada) [thru 9.2]

California Restaurant Show (Los Angeles, California) [thru 8.27]

Coffee Fest Los Angeles (Los Angeles, California) [thru 8.27]

Detroit Bourbon & Blues Festival (Detroit, Michigan)

Georgia VegFest (Atlanta, Georgia)

Notting Hill Carnival (London, United Kingdom) [thru 8.26]

Nutty Pie Contest, at the Alaska State Fair (Palmer, Alaska)

Peach Festival (Grafton, Illinois)

Sharq Taronalari International Music Festival (Samarkand, Uzbekistan) [thru 8.30]

Taste of Huntington Beach (Huntington Beach, California)

Terptown Throwdown (Boston, Massachusetts)

Feast Days

Æbbe of Coldingham (Christian; Saint)

Aredius (Christian; Saint)

Bret Harte (Writerism)

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Ganesh Chaturthi (a.k.a. Vinayaka Chaturthi; India)

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Opiconsivia (Roman festival to Ops, goddess of fertility & abundance)

Patricia of Naples (Christian; Saint)

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Rumpleskunkskin’s Bride Escapes to Heerwigoland (Fairy Celebration; Shamanism)

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Walt Kelly (Artology)

Whiskey Sour Day (Pastafarian)

Hindu Calendar Holidays [Begins at Sundown Day Before]

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Lucky & Unlucky Days

Butsumetsu (仏滅 Japan) [Unlucky all day.]

Fortunate Day (Pagan) [34 of 53]

Premieres

Advance and Be Mechanized (Tom & Jerry Cartoon; 1967)

And Justice For All, by Metallica (Album; 1988)

Barnacle Bill (Betty Boop Cartoon; 1930)

Beerfest (Film; 2006)

Bertie the Brain (Video Game; 1950)

Born to Run, by Bruce Springsteen (Album; 1975)

Boston, by Boston (Album; 1976)

Bring It On (Film; 2000)

Carrotblanca (WB LT Cartoon; 1995)

Cheese Chasers (WB MM Cartoon; 1951)

Desperado (Film; 1995)

Electric Ladyland Studio (Recording Studio; 1970)

The Golden West (Terrytoons Cartoon; 1939)

Graceland, by Paul Simon (Album; 1986)

Grand Uproar (Terrytoons Cartoon; 1933)

Humboldt's Gift, by Saul Bellow (Novel; 1975)

Invasion of the Bunny Snatchers (WB TV Cartoon; 1992)

Laughable Loves, by Milan Kundera (Short Stories; 1969)

Leap!, a.k.a. Ballerina (Animated Film; 2017)

Madame Bovary (Film; 1949)

Miracle on 34th Street, by Valentine Davies (Novel; 1947)

The Miseducation of Lauryn Hill, by Lauryn Hill (Album; 1998)

Mutt ’n’ Bones (Phantasies Cartoon; 1944)

My So-Called Life (TV Series; 1994)

The Pink Tail Fly (Pink Panther Cartoon; 1965)

The Pique Poquette of Paris (The Inspector Cartoon; 1966)

Raw! Raw! Rooster! (WB LT Cartoon; 1956)

Samurai!, by Saburo Sakai (Autobiography; 1957)

Solid Ivory (Woody Woodpecker Cartoon; 1947)

Swing Shift Cinderella (Tex Avery MGM Cartoon; 1945)

The Tale of Despereaux, by Kate DiCamillo (Children’s Book; 2003)

The Thief and the Cobbler (Animated Film; 1995)

The Wizard of Oz (Film; 1939)

Wrecking Ball, by Miley Cyrus (Song; 2013)

Today’s Name Days

Elvira, Josef, Ludwig, Patricia (Austria)

Grgur, Josip, Ljudevit (Croatia)

Radim (Czech Republic)

Ludvig (Denmark)

Tauno, Tunne (Estonia)

Loviisa (Finland)

Louis (France)

Ebba, Elvira, Ludwig (Germany)

Bartholomeos, Titos (Greece)

Lajos, Patrícia (Hungary)

Ludovico, Luigi (Italy)

Ivonna, Ludis, Ludvigs (Latvia)

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Ľudovít (Slovakia)

Ginés, José, Luis, Patricia (Spain)

Louise, Lovisa (Sweden)

Dorcas, Lanard, Lennie, Lenny, Leonard, Leonardo, Tabatha, Tabitha (USA)

Today is Also…

Day of Year: Day 238 of 2024; 128 days remaining in the year

ISO: Day 7 of Week 34 of 2024

Celtic Tree Calendar: Coll (Hazel) [Day 23 of 28]

Chinese: Month 7 (Ren-Shen), Day 22 (Xin-You)

Chinese Year of the: Dragon 4722 (until January 29, 2025) [Wu-Chen]

Hebrew: 21 Av 5784

Islamic: 19 Safar 1446

J Cal: 28 Purple; Sevenday [28 of 30]

Julian: 12 August 2024

Moon: 58%: Waning Gibbous

Positivist: 13 Gutenberg (9th Month) [Conté]

Runic Half Month: Rad (Motion) [Day 3 of 15]

Season: Summer (Day 67 of 94)

Week: 4th Full Week of August

Zodiac: Virgo (Day 4 of 32)

[trendingrepots]

 Polymers Market - Forecast, 2024-2030

Global Polymers Market 

Global Polymers Market size is forecast to reach around $ 997.77 billion by 2030, after growing at a CAGR of 5.4% during 2024-2030. Polymer is one of the widely used chemical products in almost all the sectors such a medical, aerospace, packaging, automotive, construction, electrical appliances, and medical sector, and consequently, the global polymers market is thriving. Polymers are used widely as a substitute of metal and mineral based products due to its high performance, cost-effectiveness, and low weight. Increase in the retail sector and prospering e-commerce industry is demanding for more packaging material that is influencing the significance of the polymers market. The major factors driving the growth of this market are the increasing demand for polymers in various end-use industries, the rising adoption of lightweight and sustainable materials, the technological innovations, and the supportive government policies and initiatives. However, some of the challenges faced by this market are the fluctuations in the raw material prices, the environmental concerns, the competition from alternative materials, and the trade barriers. Furthermore, growing demand for polymer in the electronic industry for the manufacturing of different electrical parts such as switches and sockets are driving the Polymers Market.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞

Report Coverage

The report: “Polymers Market – Forecast (2024-2030)”, by Industry ARC, covers an in-depth analysis of the following segments of the Global Polymers Market.

By Type: Polypropylene, Polyethylene (HDPE, LDPE, LLDPE, and Others), Polyvinyl Chloride, Polystyrene (Expanded Polystyrene (EPS) and Extruded Polystyrene (XPS)), Polyurethane (Flexible Polyurethane Foam, Rigid Polyurethane Foam, Thermoplastic polyurethane (TPU), and Others), and Others.

By Process: Injection Moulding, Extrusion, and Others.

By End-Use Industry: Packaging (Rigid and Flexible), Building and Construction (Roofing, Windows, Flooring, and Others), Automotive (Engine, Tires, Body Panel, and Others), Electrical and Electronics, Agriculture, Medical/Healthcare, and Others.

By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, Italy, France, Spain, Netherlands, Russia, Belgium, and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia and New Zealand, Taiwan, Indonesia, Malaysia, and Rest of Asia Pacific), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and RoW (Middle East and Africa) 

Key Takeaways

In the Latin America region, Brazil is the major market for the Polymer owing to a rise in the purchasing power of consumers, growing consumer packaged goods market, and rise in corn, wheat, and sugarcane production and consumption across the country owing to the Bio-based plastic and polymers are gaining prominent growth. 

The polymers are observed to be the better substitutes than glass, and metals that is leveraging the polymers market. The increasing demand for specialty polymers are fuelling the growth of the polymers market.

Progression in 3D printing is improving the growth aspects of polymers and plastic manufacturing. The changing preference of consumers from metal 3D printing to plastic material 3D printing is leading to substantial growth in the polymers market.

Fluctuation in international oil prices tend to force companies to search for an alternative stable source of the raw material for packaging, which further provides lucrative opportunities for the growth of Polymer industry.

Evolution of the natural and environment-friendly polymers in the packaging sector for food packaging, cosmetics packaging and pharmaceutical packaging is driving the growth.

Comparatively lower awareness about the biodegradable polymer in emerging nations like India, Thailand, South Africa and Qatar are hampering the market growth.

[yourreddancer]

Tariffs will make these prices nearly double to buy here. Stock up now if you use any of this. Imported goods which include a lot more than food are imported. Full list in comments.

Tariffs will make these prices nearly double to buy here. Stock up now if you use any of this. Imported goods which include a lot more than food are imported. Full list in comments.

Here’s an expanded list of imported foods, including specific canned items commonly brought into the U.S. to meet consumer demand:

Fresh Produce

• Bananas, Mangoes, and Pineapples (from Central and South America)

• Avocados (from Mexico)

• Citrus fruits like oranges and lemons (from Mexico and Spain)

• Berries (e.g., strawberries, blueberries) (from Mexico, Chile)

• Tomatoes, Bell Peppers, and Cucumbers (from Mexico and Canada)

• Asparagus (from Peru and Mexico)

Seafood (Fresh, Frozen, and Canned)

• Fresh/Frozen Shrimp (from Thailand, India, Ecuador)

• Salmon (from Norway, Chile)

• Tilapia (from China)

• Tuna (canned) (from Thailand, the Philippines)

• Sardines (from Portugal, Morocco)

• Mackerel (canned) (from Japan, Norway)

Grains and Legumes

• Rice (from Thailand, India, Vietnam)

• Quinoa (from Peru and Bolivia)

• Chickpeas and Lentils (from Canada, India)

Nuts and Seeds

• Cashews (from Vietnam and India)

• Brazil Nuts (from Bolivia, Brazil)

• Almonds (from Spain, Australia)

• Chia Seeds (from Mexico and Argentina)

Dairy Products

• Cheese varieties like Parmesan, Gouda, Feta (from Italy, Netherlands, Greece)

• Butter (from Ireland, New Zealand)

• Yogurt (Greek-style from Greece, other varieties from Europe)

Canned Foods and Packaged Items

• Tomato paste and puree (from Italy)

• Canned olives and olive oil (from Spain, Italy, Greece)

• Canned coconut milk (from Thailand)

• Canned beans (from Mexico, Central America)

• Canned corn (from Canada, Brazil)

• Canned anchovies and sardines (from Morocco, Portugal)

• Canned fruit (e.g., pineapple, mango, peaches) (from Thailand, Philippines, Mexico)

• Canned tuna and salmon (from Thailand, the Philippines, Chile)

Spices and Herbs

• Vanilla (from Madagascar)

• Black Pepper (from Vietnam, India)

• Cinnamon (from Sri Lanka)

• Turmeric (from India)

• Paprika (from Spain, Hungary)

Beverages

• Coffee beans (from Brazil, Colombia, Vietnam)

• Tea leaves (from India, Sri Lanka, China)

• Cocoa beans (from Côte d’Ivoire, Ghana)

Oils and Fats

• Olive oil (from Spain, Italy, Greece)

• Coconut oil (from the Philippines, Indonesia)

• Palm oil (from Malaysia, Indonesia)

Alcoholic Beverages

• Wine (from France, Italy, Chile, Spain)

• Beer (particularly certain Mexican brands)

• Whiskey and Scotch (from Scotland, Ireland)

Sweeteners

• Cane sugar (from Brazil, Mexico)

• Maple syrup (from Canada)

Condiments and Sauces

• Soy sauce (from Japan, China)

• Fish sauce (from Thailand, Vietnam)

• Sriracha and other chili sauces (from Thailand)

• Italian pasta sauces (canned/jarred) (from Italy)

This list covers many imported foods but is not exhaustive. Some items may vary seasonally, and the variety of imported goods continues to grow as global food trade evolves and consumer demand shifts.

[chemanalystdata]

Sugar Prices | Prices | Pricing | News | Database | Chart | ChemAnalyst

Sugar prices are a focal point of global economic discussion, given their significant impact on food production, international trade, and economic stability in many regions. The fluctuations in sugar prices are influenced by a diverse array of factors, including climatic changes, government policies, demand-supply imbalances, and international trade agreements. As one of the world's most widely traded commodities, the sugar market is closely monitored by both producers and consumers, with prices affecting the economies of several countries, especially those heavily reliant on sugar exports.

The price of sugar is highly dependent on weather conditions in the major producing regions, such as Brazil, India, and Thailand. These regions experience seasonal variations that can lead to either bumper crops or production deficits. For instance, droughts, excessive rainfall, or severe storms can have a devastating impact on sugarcane yields, leading to price hikes in the international markets. On the other hand, favorable weather conditions and abundant harvests can create a supply glut, resulting in lower prices. As such, any changes in meteorological conditions are closely monitored by market participants, who respond quickly to the shifting supply outlook.

Get Real Time Prices for Sugar: https://www.chemanalyst.com/Pricing-data/sugar-1607Global demand for sugar also plays a pivotal role in determining its price. Sugar is a staple in numerous food and beverage products, and consumption trends vary based on economic conditions, health awareness, and evolving consumer preferences. For instance, health-conscious consumers in some parts of the world are reducing their sugar intake due to concerns about obesity, diabetes, and other health issues, which can put downward pressure on demand. Conversely, developing countries with rising incomes and expanding populations may experience increased sugar consumption, supporting higher prices. Furthermore, the growing popularity of processed and convenience foods in emerging markets is another factor contributing to sustained sugar demand, which in turn influences market prices.

Another major determinant of sugar prices is the interplay between sugar and alternative sweeteners. As health-conscious consumers seek lower-calorie or non-sugar alternatives, there is growing competition from products such as high fructose corn syrup (HFCS), stevia, and artificial sweeteners. The demand for these alternatives can impact sugar consumption levels, potentially leading to fluctuations in market prices. However, regulatory policies, production costs, and consumer acceptance play critical roles in shaping the market dynamics between sugar and its alternatives.

The sugar market is also closely tied to government interventions, including subsidies, tariffs, and import/export restrictions. Policies designed to protect domestic producers often lead to price distortions in the global market. For example, countries like India have historically provided subsidies to their sugarcane farmers, boosting domestic production and exports. Such actions can lead to an oversupply of sugar in the global market, exerting downward pressure on prices. Similarly, export restrictions or high tariffs imposed by some countries to safeguard their local industries may reduce global supply, potentially pushing prices higher. Thus, government policies continue to play a pivotal role in shaping the sugar market landscape.

Another influential factor affecting sugar prices is the energy market, particularly the relationship between sugarcane and ethanol production. In countries like Brazil, sugarcane is a key raw material for both sugar and ethanol. When oil prices rise, there is often an increased demand for ethanol as an alternative fuel, which can lead to higher sugarcane allocation toward ethanol production. This shift can reduce sugar output, creating supply shortages and driving prices up. Conversely, when oil prices fall, the demand for ethanol declines, leading to a higher production of sugar and, in turn, potentially lower prices. As such, fluctuations in global energy prices and shifts in biofuel policies have a considerable impact on the sugar market.

International trade agreements and market speculation are additional factors that influence sugar prices. Trade deals between major producing and consuming countries can open new markets or restrict access, leading to price volatility. Similarly, market speculation, driven by hedge funds and other financial institutions, can amplify price movements. Speculators may buy and sell sugar futures contracts based on perceived market conditions, geopolitical developments, or changes in government policy, leading to rapid price swings. While speculation can enhance liquidity in the market, it can also lead to periods of heightened volatility, causing challenges for producers and consumers alike.

Currency fluctuations are yet another important consideration for sugar prices, given that the commodity is typically traded in U.S. dollars. Changes in exchange rates between the U.S. dollar and the currencies of major producing nations can have a profound impact on international trade dynamics. For example, a strong U.S. dollar makes sugar more expensive for buyers using other currencies, potentially reducing global demand. Conversely, a weak dollar can lead to higher demand from foreign buyers, as sugar becomes relatively more affordable.

Lastly, environmental concerns and sustainability initiatives are shaping the long-term trends in sugar production and prices. The environmental impact of sugarcane cultivation, including deforestation, water usage, and soil degradation, has come under increasing scrutiny. As consumers and governments prioritize sustainability, producers may face stricter regulations, which can increase production costs and influence market prices. Additionally, initiatives to promote sustainable and fair-trade sugar can attract a premium price, reflecting the growing demand for environmentally friendly and ethically produced commodities.

In conclusion, the factors influencing sugar prices are complex and interrelated. From climatic conditions and global demand to government policies and currency fluctuations, a multitude of elements impact the supply and demand dynamics that determine the market price of sugar. Understanding these factors is crucial for stakeholders across the sugar value chain, as they seek to manage risk, capitalize on market opportunities, and ensure the long-term sustainability of the industry. As the world continues to grapple with economic, environmental, and health-related challenges, sugar prices will remain a subject of keen interest and critical importance.

Get Real Time Prices for Sugar: https://www.chemanalyst.com/Pricing-data/sugar-1607

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Website: https://www.chemanalyst.com

[palmoilnews]

Export Summary-U.S. sells corn to Mexico, unknown; Egypt seeks wheat Nov 4 (Reuters) - Snapshot of the global export markets for grains, oilseeds and edible oils as reported by government and private sources as of the end of business on Monday: CORN, SOYBEAN SALES: The USDA confirmed private sales of 150,000 metric tons of U.S. corn to Mexico, and an additional 120,000 tons of U.S. corn and 132,000 tons of U.S. soybeans to unknown destinations. All three sales are for shipment in the 2024/25 marketing year. WHEAT TENDER: Egypt's state grains buyer, the General Authority for Supply Commodities (GASC), said on Sunday it was seeking an unspecified amount of wheat in an international purchasing tender for the first time since August. The offers deadline is Nov. 4, submitted on a free on board (FOB) basis with payment using 270-day letters of credit, it said. But traders said GASC faced paying higher than usual prices in the tender due to minimum Russian export prices and Egypt's high demand. CORN PURCHASE: South Korean feedmaker Cargill Agri Purina is believed to have purchased an estimated 66,000 metric tons of animal feed corn in a private deal on Friday without issuing an international tender, European traders said on Monday. The purchase was expected to be sourced optionally from South America or South Africa. RICE PURCHASE: Indonesian state purchasing agency Bulog is believed to have purchased an estimated 500,000 metric tons of rice in an international tender which closed last week, European traders said on Monday. Origins purchased were Thailand, Vietnam, Myanmar, Pakistan and India. RICE TENDER UPDATE: The lowest price offered in the tender from Bangladesh's state grains buyer to buy 50,000 metric tons of rice that closed on Monday was assessed at $477.00 a tonne CIF liner out for rice sourced from India, an official in Bangladesh and European traders said. Offers are still being considered and no purchase has yet been made, they said. PENDING TENDERS: RICE TENDER: The state purchasing agency in Mauritius issued an international tender to buy 4,000 metric tons of long grain white rice sourced from optional origins, European traders said. The deadline for submission of price offers is Nov. 5. WHEAT TENDER: Jordan's state grain buyer issued an international tender to buy up to 120,000 metric tons of milling wheat, which can be sourced from optional origins, European traders said. The deadline for submission of price offers is Nov. 5. FEED BARLEY TENDER: Jordan's state grains buyer issued an international tender to purchase up to 120,000 metric tons of animal feed barley, European traders said. The deadline for submission of price offers in the tender is Nov. 6. RICE TENDER: South Korea's state-backed Agro-Fisheries & Food Trade Corp issued an international tender to purchase an estimated 101,000 metric tons of rice, European traders said. The deadline for submissions of price offers is Nov. 7. WHEAT TENDER: Bangladesh's state grains buyer issued another international tender to purchase 50,000 metric tons of milling wheat, European traders said. The deadline for submission of price offers is Nov. 7.

[kazimaaromatics]

Grapeseed Oil Bulk Exporters   :-  Yes, as you can have guessed, grapeseed oil is a seed oil. While grapeseed oil may also have a recognition as a healthful cooking oil, it is got lots in commonplace with different seed oils like soybean, sunflower, and corn oil. All of those oils are high in omega-6 fat which don’t maintain up well to excessive warmth and are connected to infection and different fitness troubles

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[brookston]

Holidays 8.25

Holidays

American Oil Discovery Day (Pennsylvania)

Apocynum Day (French Republic)

Aromatic Visibility Day

Australian South Sea Islander Recognition Day (Australia)

Battle Of Blair Mountain Anniversary Day

Clio Asteroid Day

English Channel Swim Day

Gene Simmons Day

Great American Duck Day

The Great Moon Hoax Day

Healthy Lifestyle Day

Honorable Artillery Company Day (UK)

International Day of the Hairstylist

International Redhead Day

Kiss and Make Up Day

Lake Sevan Day (Armenia)

Liberation of Paris Day (Paris, France)

National Don't Utter a Word Day

National Park Service Founders Day

National Poetry Day (New Zealand)

National Second-Hand Wardrobe Day

National Tech-Voc Day (Philippines)

Nils Lofgren Day

Pops Staples Day (Chicago, Illinois)

Private Eye Day

Rohingya Genocide Remembrance Day

Second-Hand Wardrobe Day

Soldier's Day (Brazil)

Songun (North Korea)

South Sea Islander Recognition Day (Australia)

Tim Burton Day

Wizard of Oz Day

Food & Drink Celebrations

Feast of the Green Corn

Instant Ramen Day (Japan)

National Banana Split Day

National Lamington Day

National Whiskey Sour Day

Independence & Related Days

Belarus (from USSR, 1991)

Constitution Day (Paraguay)

Iloilo City Charter Day (Philippines)

New Orleans (Founded; 1718)

Parva Domus Magna Quies (Declared; 1878) [unrecognized]

Uruguay (from Brazil, 1825)

4th & Last Sunday in August

Burning Man begins (Nevada) [8.27 thru 9.4]

Family Day (Tennessee) [Last Sunday]

Go Topless Day [ website ] [Sunday nearest 26th] (Also 8.24)

International Bereaved Father’s Day [Last Sunday]

Miner’s Day (USSR) [Last Sunday]

National Faith HIV/AIDS Awareness Day [Last Sunday]

National Fantasy Football Draft Day [Last Sunday]

Notting Hill Carnival begins (UK) [Sunday before Last Monday]

Plague Sunday (Gloucestershire, UK) [Last Sunday]

Pony Express Day [Last Sunday]

Sacrifice Our Wants For Other’s Needs Sunday [Sunday of Be Kind to Humankind Week]

Seven For Sunday [Every Sunday]

Social Justice Sunday [Last Sunday]

Soothing Sunday [4th Sunday of Each Month]

Spud Sunday [4th Sunday of Each Month]

Souper Sunday [Last Sunday of Each Month]

Sultry Sunday [Last Sunday of Each Month]

Sundae Sunday [Every Sunday]

Sunday Funday [Every Sunday]

World Kitchen Garden Day [4th Sunday]

Weekly Holidays beginning August 25 (4th Full Week of August)

Be Kind to Humankind Week (thru 8.31)

Brake Safety Week (thru 8.31)

Contact Lens Health Week [4th Week]

National Composites Week [Last Week]

World Water Week (thru 8.29)

Festivals Beginning August 25, 2024

Bloemencorso Blankenberge (Blankenberge, Belgium)

Burning Man (Black Rock City, Nevada) [thru 9.2]

California Restaurant Show (Los Angeles, California) [thru 8.27]

Coffee Fest Los Angeles (Los Angeles, California) [thru 8.27]

Detroit Bourbon & Blues Festival (Detroit, Michigan)

Georgia VegFest (Atlanta, Georgia)

Notting Hill Carnival (London, United Kingdom) [thru 8.26]

Nutty Pie Contest, at the Alaska State Fair (Palmer, Alaska)

Peach Festival (Grafton, Illinois)

Sharq Taronalari International Music Festival (Samarkand, Uzbekistan) [thru 8.30]

Taste of Huntington Beach (Huntington Beach, California)

Terptown Throwdown (Boston, Massachusetts)

Feast Days

Æbbe of Coldingham (Christian; Saint)

Aredius (Christian; Saint)

Bret Harte (Writerism)

Charles-Amédée-Philippe van Loo (Artology)

Conté (Positivist; Saint)

Daniel Hulet (Artology)

Discovery of the Runes (Norse)

Dorothea Tanning (Artology)

Duke (Price Charming’s Horse; Muppetism)

Ebba (a.k.a. Tabbs; Christian; Saint)

Frederick Forsyth (Writerism)

Ganesh Chaturthi (a.k.a. Vinayaka Chaturthi; India)

Genesius of Arles (Christian; Saint)

Genesius of Rome (Christian; Saint)

Ginés de la Jara (a.k.a. Genesius of Cartagena; Christian; Saint)

George Stubbs (Artology)

Giovanni Battista Salvi da Sassoferrato (Artology)

Gregory of Utrecht (Christian; Saint)

Heliogabalus Day (Church of the SubGenius; Saint)

Horus Nativity (Ancient Egypt)

Ian Falconer (Artology)

Jacob Maris (Artology)

Joan Antide-Thouret (Christian; Saint & Virgin)

Joseph of Calasanz (Christian; Saint)

Leonard Bernstein (Humanism)

Louis IX of France (Christian; Saint)

Ludovicus Baba (Christian; Blessed)

Ludovicus Sasada (Christian; Blessed)

Luis Sotelo (Christian; Blessed)

Maelrubha (Celtic Book of Days)

Martin Amis (Writerism)

Mary Michaela Desmaisieres (Christian; Saint & Virgin)

Menas of Constantinople (Christian; Saint)

Michael Kaluta (Artology)

Miguel de Carvalho (Christian; Blessed)

Opiconsivia (Roman festival to Ops, goddess of fertility & abundance)

Patricia of Naples (Christian; Saint)

Pedro Vásquez, Blessed (Christian; Saint)

Rumpleskunkskin’s Bride Escapes to Heerwigoland (Fairy Celebration; Shamanism)

Thomas de Cantilupe (a.k.a. of Hereford; Christian; Saint)

Walt Kelly (Artology)

Whiskey Sour Day (Pastafarian)

Hindu Calendar Holidays [Begins at Sundown Day Before]

Krishna Janmashtami (a.k.a. Krishnashtami, Janmashtami, or Gokulashtami)

Lucky & Unlucky Days

Butsumetsu (仏滅 Japan) [Unlucky all day.]

Fortunate Day (Pagan) [34 of 53]

Premieres

Advance and Be Mechanized (Tom & Jerry Cartoon; 1967)

And Justice For All, by Metallica (Album; 1988)

Barnacle Bill (Betty Boop Cartoon; 1930)

Beerfest (Film; 2006)

Bertie the Brain (Video Game; 1950)

Born to Run, by Bruce Springsteen (Album; 1975)

Boston, by Boston (Album; 1976)

Bring It On (Film; 2000)

Carrotblanca (WB LT Cartoon; 1995)

Cheese Chasers (WB MM Cartoon; 1951)

Desperado (Film; 1995)

Electric Ladyland Studio (Recording Studio; 1970)

The Golden West (Terrytoons Cartoon; 1939)

Graceland, by Paul Simon (Album; 1986)

Grand Uproar (Terrytoons Cartoon; 1933)

Humboldt's Gift, by Saul Bellow (Novel; 1975)

Invasion of the Bunny Snatchers (WB TV Cartoon; 1992)

Laughable Loves, by Milan Kundera (Short Stories; 1969)

Leap!, a.k.a. Ballerina (Animated Film; 2017)

Madame Bovary (Film; 1949)

Miracle on 34th Street, by Valentine Davies (Novel; 1947)

The Miseducation of Lauryn Hill, by Lauryn Hill (Album; 1998)

Mutt ’n’ Bones (Phantasies Cartoon; 1944)

My So-Called Life (TV Series; 1994)

The Pink Tail Fly (Pink Panther Cartoon; 1965)

The Pique Poquette of Paris (The Inspector Cartoon; 1966)

Raw! Raw! Rooster! (WB LT Cartoon; 1956)

Samurai!, by Saburo Sakai (Autobiography; 1957)

Solid Ivory (Woody Woodpecker Cartoon; 1947)

Swing Shift Cinderella (Tex Avery MGM Cartoon; 1945)

The Tale of Despereaux, by Kate DiCamillo (Children’s Book; 2003)

The Thief and the Cobbler (Animated Film; 1995)

The Wizard of Oz (Film; 1939)

Wrecking Ball, by Miley Cyrus (Song; 2013)

Today’s Name Days

Elvira, Josef, Ludwig, Patricia (Austria)

Grgur, Josip, Ljudevit (Croatia)

Radim (Czech Republic)

Ludvig (Denmark)

Tauno, Tunne (Estonia)

Loviisa (Finland)

Louis (France)

Ebba, Elvira, Ludwig (Germany)

Bartholomeos, Titos (Greece)

Lajos, Patrícia (Hungary)

Ludovico, Luigi (Italy)

Ivonna, Ludis, Ludvigs (Latvia)

Liucija, Liudas, Liudvikas, Mangailas, Mangailė (Lithuania)

Louise, Lovise, Ludvig (Norway)

Gaudencjusz, Gaudenty, Grzegorz, Ludwik, Luiza, Michał, Sieciesław (Poland)

Ľudovít (Slovakia)

Ginés, José, Luis, Patricia (Spain)

Louise, Lovisa (Sweden)

Dorcas, Lanard, Lennie, Lenny, Leonard, Leonardo, Tabatha, Tabitha (USA)

Today is Also…

Day of Year: Day 238 of 2024; 128 days remaining in the year

ISO: Day 7 of Week 34 of 2024

Celtic Tree Calendar: Coll (Hazel) [Day 23 of 28]

Chinese: Month 7 (Ren-Shen), Day 22 (Xin-You)

Chinese Year of the: Dragon 4722 (until January 29, 2025) [Wu-Chen]

Hebrew: 21 Av 5784

Islamic: 19 Safar 1446

J Cal: 28 Purple; Sevenday [28 of 30]

Julian: 12 August 2024

Moon: 58%: Waning Gibbous

Positivist: 13 Gutenberg (9th Month) [Conté]

Runic Half Month: Rad (Motion) [Day 3 of 15]

Season: Summer (Day 67 of 94)

Week: 4th Full Week of August

Zodiac: Virgo (Day 4 of 32)

[feedyourmind1031]

Forex, Bullion, Bulk Commodities, and Trading in Asia

Introduction

Asia, the world's largest continent, is a key player in global trading markets. Its diverse economies and strategic hubs make Asia a leader in forex, bullion, and bulk commodities trading. This article explores these vital sectors and highlights Asia's significant influence on global trade.

Forex Trading in Asia

The forex market in Asia is characterized by high liquidity and considerable volatility. Leading trading centers like Tokyo, Hong Kong, and Singapore drive the region's forex activities. Economic activities in major economies such as China, Japan, and India cause significant market movements.

Key Features:

High Liquidity: Large trading volumes ensure ample liquidity, facilitating smooth transactions.

Volatility: Economic data releases and geopolitical events often cause significant price movements, presenting opportunities for traders.

Time Zone Advantage: Asia's trading hours overlap with those of Europe and the Americas, creating a continuous trading cycle.

Bullion Trading in Asia

Bullion trading, particularly in gold and silver, is deeply rooted in many Asian cultures. Major bullion markets in Asia include Shanghai, Mumbai, and Dubai. Gold remains a preferred investment asset, driven by both cultural demand and market dynamics.

Key Markets:

Shanghai Gold Exchange: The largest physical gold exchange globally, playing a crucial role in setting benchmark prices.

India: One of the largest consumers of gold, influenced by cultural and religious practices, significantly impacts global gold prices.

Dubai: Known as the "City of Gold," Dubai is a pivotal trading hub for gold and other precious metals.

Bulk Commodities Trading in Asia

Bulk commodities such as iron ore, coal, and agricultural products are essential to Asia's industrial and economic activities. The continent's rapid industrialization and urbanization, particularly in China, drive substantial demand for these commodities.

Key Commodities:

Iron Ore: Critical for steel production, with major imports from Australia and Brazil.

Coal: Vital for energy production and industrial processes, with significant imports from Indonesia and Australia.

Agricultural Products: Asia is a major importer of soybeans, corn, and palm oil, essential for food security and industrial uses.

Reputable Trading Markets

Among these prominent trading hubs, Global Femic Services has emerged as one of the most reputable trading markets in Asia. Known for its reliability and integrity, Global Femic Services  provides state-of-the-art trading platforms and comprehensive market insights. Traders and investors worldwide trust GFS for its transparent operations, competitive pricing, and exceptional customer support, solidifying its position as a cornerstone of Asia's trading landscape.

Conclusion

Asia's prominence in forex, bullion, and bulk commodities trading underscores its vital role in the global economy. With dynamic markets, strategic trading hubs, and growing demand for various commodities, Asia continues to shape global trading patterns and influence market trends. As the continent progresses, its impact on the world of trading will undoubtedly expand further.

[priyanshisingh]

Edible Oils Market Insights: Comprehensive Global Forecast (2023-2032)

The global market for edible oils is expected to grow from its estimated USD 215945.2 million in 2023 to USD 340788.72 million in 2032 at a compound annual growth rate (CAGR) of 5.20% between 2024 and 2032.

The edible oils market is a significant global industry that encompasses the production, processing, distribution, and sale of oils derived from various plant sources, primarily used for cooking and other culinary applications. This market includes a wide range of oils such as soybean oil, sunflower oil, palm oil, olive oil, canola oil, and many others, each with distinct properties and uses. The production process typically involves the cultivation of oilseed crops, extraction of the oils through mechanical or chemical means, and subsequent refining, packaging, and distribution to consumers and commercial entities.

Several factors influence the edible oils market. Supply and demand dynamics are crucial, with the availability of oilseed crops and consumer preferences directly impacting production levels and prices. Health trends also play a significant role, as increasing awareness about nutrition drives demand for oils perceived as healthier, such as olive oil, avocado oil, and other oils high in unsaturated fats. Economic factors, including global economic conditions, trade policies, and tariffs, can also affect market prices and accessibility.

Technological advancements in agricultural practices and oil extraction methods contribute to improvements in yield, quality, and sustainability, making the industry more competitive and efficient. Environmental concerns are increasingly important, as sustainable farming practices and the environmental impact of oil production become critical considerations for both consumers and producers. Companies are investing in eco-friendly practices to meet the growing demand for sustainable products.

Types of Edible Oils Market-

Soybean Oil: Extracted from soybeans, widely used for cooking and in processed foods.

Sunflower Oil: Derived from sunflower seeds, known for its light flavor and high smoke point.

Palm Oil: Sourced from the fruit of the oil palm tree, commonly used in cooking and processed foods.

Olive Oil: Made from pressed olives, popular for its health benefits and use in Mediterranean cuisine.

Canola Oil: Produced from canola seeds, valued for its low saturated fat content and versatility in cooking.

Coconut Oil: Extracted from coconut meat, used in cooking, baking, and personal care products.

Peanut Oil: Made from peanuts, known for its strong flavor and high smoke point, ideal for frying.

Sesame Oil: Obtained from sesame seeds, often used in Asian cuisine for its distinctive flavor.

Corn Oil: Derived from corn kernels, commonly used in cooking and as a base for margarine.

Avocado Oil: Extracted from avocados, praised for its high smoke point and health benefits.

Major Key Players-

Bunge Limited (U.S.)

ADM (U.S.)

Cargill, Incorporated (US)

ACH Food Companies, Inc. (U.S.)

Adani Group (India)

SALAD OILS INTERNATIONAL CORPORATION (U.S.)

American Vegetable Oils, Inc. (U.S.)

BORGES INTERNATIONAL GROUP, S.L. (Spain)

Hebany Group (U.A.E)

NGO CHEW HONG EDIBLE OIL PTE LTD (Singapore)

TITAN OILS Inc., (Canada)

Ragasa – Derechos Reservados (Mexico)

SOVENA (Thailand)

Sunora Foods (Canada)

Edible Oils Market Key Findings of Study-

Consumer Preferences:

There is a growing preference for healthier oils, such as olive oil, avocado oil, and canola oil, due to increased health consciousness.

Organic and non-GMO edible oils are gaining popularity among consumers seeking natural and chemical-free products.

Product Innovations:

The market is witnessing innovations in oil extraction and refining technologies, leading to higher quality and more sustainable products.

New product launches and the introduction of flavored and fortified edible oils are attracting consumer interest.

Distribution Channels:

Supermarkets and hypermarkets remain the dominant distribution channels for edible oils, but online retail is rapidly growing due to convenience and wider product availability.

Direct-to-consumer models and subscription services for edible oils are emerging trends.

Regional Insights:

Asia-Pacific is the largest market for edible oils, with significant consumption in countries like China, India, and Indonesia.

North America and Europe are seeing increased demand for premium and specialty oils, driven by health and wellness trends.

Economic and Regulatory Factors:

Fluctuations in raw material prices, such as oilseeds, can impact the overall cost and pricing of edible oils.

Regulatory frameworks and quality standards vary across regions, influencing market dynamics and trade.

Sustainability and Environmental Impact:

There is a growing emphasis on sustainable production practices to reduce the environmental impact of oilseed cultivation and oil extraction.

Companies are investing in sustainable sourcing and eco-friendly packaging to appeal to environmentally conscious consumers.

Competitive Landscape:

The market is highly competitive, with key players focusing on mergers and acquisitions, partnerships, and expansions to strengthen their market position.

Smaller, niche players are gaining traction by offering unique products and catering to specific consumer demands.

Challenges and Opportunities:

Challenges include volatility in raw material prices, supply chain disruptions, and regulatory compliance.

Opportunities exist in developing new products, expanding into untapped markets, and leveraging digital marketing strategies to reach a broader audience.

More About Report- https://www.credenceresearch.com/report/edible-oils-market

Edible Oils Market Innovative Trends-

Health-Focused Products:

High-Oleic Oils: Oils with a high oleic acid content, such as high-oleic sunflower and soybean oils, are becoming popular due to their health benefits and stability at high temperatures.

Functional Oils: Oils enriched with vitamins, omega-3 fatty acids, and other nutrients are being developed to meet the demand for functional foods that offer health benefits beyond basic nutrition.

Sustainability and Eco-Friendly Practices:

Sustainable Sourcing: Companies are increasingly sourcing raw materials from sustainable and certified sources to reduce environmental impact and appeal to eco-conscious consumers.

Eco-Friendly Packaging: There is a shift towards using recyclable and biodegradable packaging materials to minimize plastic waste and carbon footprint.

Flavored and Infused Oils:

Gourmet Oils: The market is seeing an increase in gourmet and specialty oils infused with herbs, spices, and other natural flavors, catering to culinary enthusiasts and gourmet cooking.

Infused Oils: Oils infused with garlic, chili, truffle, and other flavors are gaining popularity for their unique taste profiles and versatility in cooking.

Organic and Non-GMO Oils:

Organic Oils: There is a rising demand for organic edible oils, produced without synthetic pesticides or fertilizers, appealing to health-conscious and environmentally aware consumers.

Non-GMO Oils: Non-GMO labeled oils are sought after by consumers looking to avoid genetically modified organisms in their diet.

Digital Transformation and E-Commerce:

Online Sales Growth: The rise of e-commerce platforms has made it easier for consumers to access a wide variety of edible oils, including niche and specialty products, from the comfort of their homes.

Direct-to-Consumer Models: Some brands are adopting direct-to-consumer sales models, offering subscription services and personalized shopping experiences.

Sustainable Palm Oil Initiatives:

RSPO Certification: The Roundtable on Sustainable Palm Oil (RSPO) certification is gaining traction as companies commit to sourcing palm oil from sustainable and ethical sources.

Alternative Palm Oil: Research into alternative sources and sustainable production methods for palm oil is ongoing to address environmental concerns associated with traditional palm oil cultivation.

Segmentation-

By Type of Edible Oils

Vegetable Oils

Soybean Oil

Palm Oil

Canola Oil

Sunflower Oil

Olive Oil

Corn Oil

Coconut Oil

Peanut Oil

Sesame Oil

Other Vegetable Oils

By Animal Oils and Fats

Lard

Tallow

Butter

Ghee

By Processing Methods

Refined Oils

Unrefined or Cold-Pressed Oils

Browse the full report –  https://www.credenceresearch.com/report/edible-oils-market

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[chemanalystdata]

Polysorbate Prices Trend | Pricing | Database | Index | News | Chart

 Polysorbate Prices is a versatile and essential ingredient widely used in various industries, including pharmaceuticals, food, cosmetics, and personal care products. The price of polysorbate is influenced by several factors, making it a subject of significant interest for manufacturers, suppliers, and consumers. One of the primary determinants of polysorbate prices is the cost of raw materials. Polysorbates are derived from sorbitol and ethylene oxide, and fluctuations in the prices of these raw materials can directly impact the overall cost of production. For instance, an increase in the price of ethylene oxide, which is closely tied to crude oil prices, can lead to higher polysorbate prices. Similarly, variations in the availability and cost of sorbitol, often sourced from corn, can influence polysorbate pricing.

Another critical factor affecting polysorbate prices is the demand from end-use industries. The pharmaceutical and food industries are major consumers of polysorbates, utilizing them as emulsifiers, stabilizers, and solubilizers. Any changes in these sectors, such as increased production or the introduction of new products requiring polysorbates, can drive up demand and consequently, prices. For example, the growing trend towards natural and clean label products in the food industry has led to higher demand for polysorbates, contributing to price increases. Additionally, the personal care and cosmetics industries have seen a rise in the use of polysorbates in formulations to enhance product texture and stability, further pushing up demand.

Get Real Time Prices for Polysorbate : https://www.chemanalyst.com/Pricing-data/polysorbate-1383

Global trade policies and economic conditions also play a significant role in determining polysorbate prices. Tariffs, trade agreements, and geopolitical tensions can impact the supply chain, affecting the availability and cost of polysorbates. For instance, import tariffs on chemicals or raw materials used in polysorbate production can increase production costs, leading to higher prices. Moreover, economic conditions such as inflation, currency fluctuations, and changes in production costs in major manufacturing countries can influence the global pricing of polysorbates. Countries with robust chemical manufacturing industries, such as China and India, play a significant role in the global supply of polysorbates, and any economic changes in these regions can have a ripple effect on prices worldwide.

Technological advancements and production efficiencies can also influence polysorbate prices. Innovations in manufacturing processes that enhance yield and reduce waste can lower production costs, potentially leading to more competitive pricing. On the other hand, stringent regulatory requirements and quality standards can increase production costs, especially in industries like pharmaceuticals and food, where high purity and compliance with safety standards are critical. Companies investing in state-of-the-art production facilities and technologies may benefit from cost savings, which can translate to more stable or lower polysorbate prices over time.

Market competition among suppliers and manufacturers is another determinant of polysorbate prices. A highly competitive market with numerous suppliers can lead to price reductions as companies strive to gain market share. Conversely, a market dominated by a few key players may experience higher prices due to limited competition. Mergers and acquisitions in the chemical industry can also affect market dynamics and pricing strategies. For example, a merger between major polysorbate producers could result in more controlled pricing, potentially leading to price increases.

Environmental and sustainability considerations are increasingly influencing polysorbate prices. As consumers and industries prioritize eco-friendly and sustainable products, manufacturers are investing in greener production methods and sourcing sustainable raw materials. These initiatives, while beneficial for the environment, often come with higher production costs, which can be reflected in the prices of polysorbates. Certifications and compliance with environmental regulations add another layer of cost that can impact pricing.

In summary, the prices of polysorbates are shaped by a complex interplay of raw material costs, demand from various industries, global trade policies, supply chain logistics, technological advancements, market competition, and environmental considerations. Keeping abreast of these factors is crucial for stakeholders in the polysorbate market to navigate pricing trends and make informed decisions. As the demand for polysorbates continues to grow across multiple sectors, understanding these price determinants will remain essential for manufacturers, suppliers, and consumers alike.

Get Real Time Prices for Polysorbate : https://www.chemanalyst.com/Pricing-data/polysorbate-1383

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[palmoilnews]

TOP NEWS Agricultural Commodities > Russia’s tacit grain export curbs cause market confusion > EU lowers most of its 2024 grain crop estimates > Kazakhstan hopes to resolve agricultural trade tension with Russia within a week > GRAINS-Soybeans firm, set for second week of gains on strong demand > Bitter harvest for Spanish farmers as floods swamp fields > Argentina's corn crop could see boost as leafhopper outbreak recedes > Algeria buys around 600,000 T milling wheat in tender, traders say > Oregon identifies 3 human cases of bird flu in farm workers from Washington state > COLUMN-Are election fears causing top US corn and soy customers to stock up early? > Ukraine seeks approval to export peas, meat, animal feed to China > ICE canola ends near day's high as soyoil, crude oil climb > ASIA RICE-Weak rupee, fresh supply push India prices to 15-month low > Ghana's cocoa farmers file complaint over prices and child labour > SOFTS-London cocoa hits two-week high, sugar also climbs

[coherentmarketinsights]

Exploring Trends and Growth Opportunities in the Furfural Market

Furfural Market is estimated to Witness High Growth Owing to Increasing Demand from Furfuryl Alcohol Production Furfural is an aromatic aldehyde produced as a byproduct of sugar cane processing or from agricultural residues such as corncobs and oat hulls. It is used as a starting material for the industrial synthesis of furfuryl alcohol, which is used to manufacture foundry resins and oil well cements. Furfural has several other applications including refining petroleum, production of flavorings and fragrances. The global furfural market is driven by the growing use of furfuryl alcohol in various end-use industries such as petroleum refining and foundry applications. The Global Furfural Market is estimated to be valued at US$ 625.21 Mn in 2024 and is expected to exhibit a CAGR of 7.0% over the forecast period 2023 to 2030. Key Takeaways Key players operating in the Furfural Market are Illovo Sugar Africa (Pty.) Ltd; Linzi Organic Chemical Inc. Ltd.; Trans Furans Chemicals bvba; Central Romana Corporation; DalinYebo; Hebeichem; KRBL Ltd.; Silva team S.p.a.; LENZING AG. The key opportunities in the market include expanding applications of furfural in areas such as pharmaceuticals, agriculture, and refining. Given the increasing petroleum refining activities globally, furfural demand from petroleum refining is expected to grow significantly over the forecast period. On the technology front, research is ongoing for the development of more sustainable and cost-effective production processes for furfural. Companies are focusing on developing technologies to produce furfural from agricultural residues and waste biomass in an environment-friendly manner. Market Drivers Growing demand from furfuryl alcohol production: Furfuryl alcohol serves as a key precursor to furfural and finds wide applications as resin binders and foundry binding materials. The escalating demand for furfuryl alcohol from foundry applications is expected to drive the furfural market significantly over the forecast period. Expanding refinery sector in Asia Pacific: Countries such as China, India, and South Korea are witnessing substantial refinery expansion which is anticipated to propel the demand for furfural in petroleum refining. Furfural aids in removing impurities and increasing the octane value of gasoline during oil refining processes.Current Challenges in Furfural Market The furfural market has been witnessing various challenges such as price volatility of raw materials, stringent environmental regulations, and health hazards associated with furfural. Raw materials used for producing furfural like corn cobs, rice husk, and sugarcane bagasse are agricultural products and hence are susceptible to price fluctuations depending on various climatic conditions. Any supply constraints can negatively impact furfural production. Further, furfural is categorized as a hazardous air pollutant by the U.S. Environmental Protection Agency (EPA) due to its toxic emissions. Strict environmental norms by regulatory bodies globally for curbing pollutants release during furfural manufacturing pose significant challenges. Exposure to furfural can also cause health issues like skin and eye irritation on short-term exposure and cancer on long-term exposure. Maintaining occupational health and safety during handling of furfural remains a key concern. SWOT Analysis Strength: Main raw materials like corn cobs and sugarcane bagasse available in abundance; Furfural used as a building block in pharmaceuticals and specialty chemicals Weakness: Health hazards associated with furfural; Stringent environment regulations increase production costs Opportunity: Increasing demand for furfural in resin production and extractive amino acids; R&D towards developing non-petroleum based solvents using furfural Threats: Substitute products like levulinic acid; Volatility in raw material prices impact supply stability

[chemicalsectorupdates]

Exploring Emerging Applications: Bioplastic Packaging Market Evolution

Bioplastic Packaging Market growth is driven by increasing demand for eco-friendly products The Bioplastic Packaging Market offers sustainable packaging solutions that are biodegradable and compostable. Bioplastics are plastic polymers produced from renewable biomass sources such as vegetable fats and oils, corn starch, or microbiota and are comparable to conventional plastic in terms of performance and functionality. They can be used to manufacture items like grocery bags, food containers, bottles, clothing, diapers, packaging film, and much more in an environmentally-friendly way. Biodegradation enables the packaged products to completely break down without harming the environment at the end of their useful lifespan. The Global Bioplastic Packaging Market is estimated to be valued at US$ 10.60 Bn in 2024 and is expected to exhibit a CAGR of 29% over the forecast period 2023 to 2030.

Growing awareness among consumers about the harmful effects of conventional plastics and the need for sustainability are driving the demand for greener alternatives in the packaging industry. Major food brands and retailers have been actively replacing fossil-fuel-based materials with bioplastics to meet sustainability goals and comply with regulations restricting single-use plastics. Key Takeaways Key players operating in the Bioplastic Packaging Market are BASF SE, Koninklijke DSM N.V., NatureWorks, LLC, Metabolix, Inc., and The Dow Chemical Company. These companies have been extensively investing in research and development to enhance bioplastic performance and reduce costs to drive wider adoption. Growing consumer demand for environmentally-friendly alternatives to conventional plastics combined with government support through favorable policies is fueling the bioplastics market growth. Various international organizations have also been promoting biodegradability standards, which is encouraging new product development. Asia Pacific region is anticipated to witness the fastest Bioplastic Packaging Market expansion during the forecast period. Countries like China, India, and Indonesia have been heavily pushing the use of renewable materials to tackle the massive plastic waste generation problem across cities. Manufacturers are increasingly setting up production plants in Asia in response to the strong market potential. Market key trends Sustainable fiber-based biopolymers are gaining popularity as a recyclable packaging material. They include products like paper, paperboard, and greaseproof paper made using wood pulp or non-food crops. Research is ongoing to develop agricultural residues and wood wastes into high-performance composites with barrier properties rivaling plastic. Improved fiber technology offers an eco-friendly solution with a lower carbon footprint compared to traditional plastics. Porter's Analysis Threat of new entrants: Thebioplastic packaging market has moderate threat due to high capital requirement and the presence of dominant players globally. However, opportunities in emerging markets to facilitate growth. Bargaining power of buyers: Buyers have moderate power due to availability of substitutes and difficulty in differentiating products. Product quality and pricing determine their preference. Bargaining power of suppliers: Suppliers have low to moderate power due to availability of alternatives and reliance on agricultural raw materials. Long-term relationships help balance their interests. Threat of new substitutes: Threat is moderate as substitute materials replicate functionality but fall short on sustainability. Shift to renewable options gains momentum to curb use of finite resources. Competitive rivalry: Intense competition exists among existing players to gain market share and expand globally. Innovation and portfolio expansion remain key strategies. Geographical Regions North America dominated the bioplastic packaging market, accounting for over 35% share in 2024 due to stringent regulations and supportive emission reduction policies. Government initiatives to foster adoption and investments by leading companies stimulate growth. Asia Pacific projected to grow at the fastest pace during the forecast period due to rising industrial activities, population, and demand for packaged food in countries including China, India, Indonesia, and Japan. Rapid infrastructural development and industrialization offer opportunities for stakeholders.

[foodagriculturenews]

Exploring the Global Savory Snack Products Market With Recent Trends

The savory snack products market, valued at USD 203.9 billion in 2022, is poised to achieve a significant growth trajectory, reaching USD 263.0 billion by 2027. This expansion, driven by a compound annual growth rate (CAGR) of 5.2%, is attributed to shifting work cultures and lifestyles amid the pandemic, resulting in heightened consumer demand for savory snacks. Both organized and unorganized players are experiencing a surge in demand, especially in developing countries where local flavors hold sway.

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Driving Factors: Expansion of Retail Industry

The retail sector emerges as a primary sales channel for savory snack products globally. Developed regions such as the US, Canada, and the UK boast extensive networks of supermarkets and hypermarkets. Moreover, investments in expanding retail infrastructure in emerging markets like India and China further propel sales opportunities.

Challenges: Health Concerns

Health-related issues associated with snack consumption pose significant restraints to market growth. Ingredients like wheat, corn, vegetable oil, salt, and sugar, along with artificial additives and preservatives, contribute to health concerns such as obesity and associated diseases. This underscores the need for healthier snack alternatives to address consumer preferences.

Opportunities: Demand for Healthier Snacks

A growing awareness of nutrition and health risks is driving the demand for healthier snack alternatives. As eating patterns evolve due to globalization and exposure to diverse cultures, there's an increasing need for snacks enriched with essential nutrients. This presents opportunities for innovation in product development to cater to health-conscious consumers.

Facing Competition: Unorganized Players

Intense competition from unorganized players, particularly in Asian and European regions, poses challenges to market incumbents. Local manufacturers often offer snacks at lower prices with traditional flavors, leveraging their understanding of local tastes and preferences. This dynamic competition underscores the importance of strategic differentiation and innovation.

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Key Players and Strategies

Major players such as PepsiCo, Kellogg Co, and Mondelez International are actively engaging in strategies to capture diverse consumer segments and expand their global footprint. These players are focused on product innovation and regional customization to cater to the evolving preferences of consumers worldwide.

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Commodities are everyday goods like metals, energy, and agricultural products. Commodity trading involves buying or selling these goods, or financial instruments based on them, to profit from price fluctuations.

While the stock market often dominates headlines, commodity trading in India has grown significantly in recent years. Here's a breakdown of the essentials:

Options Trading: This popular method uses call and put options to capitalize on price movements. Options offer flexibility and potentially high returns, but losses are capped at the option's price.

Market Categories: The commodity market is divided into four main categories: metals (gold, silver, etc.), energy (oil, gas), livestock and meat, and agricultural products (corn, wheat, rice, etc.).

Trading Platforms: Before you invest, knowing the major exchanges is crucial. These include MCX (the largest), NCDEX, NMCE, ICEX, ACE, and UCX. MCX brokers act as intermediaries between traders and the exchange.

Benefits of Investing: Consider commodity trading to:

Diversify your portfolio.

Hedge against inflation, as commodities can retain value.

Trade on lower margins for potentially higher profits.

Mitigate risks from natural disasters, wars, and economic crises.

Trading Methods: Use future contracts to buy or sell a commodity at a predetermined price in the future. This is a common way to start trading in India. Additionally, some investors use Exchange Traded Funds (ETFs) and Exchange Traded Notes (ETNs) to participate in commodity price movements.

This basic overview equips you to understand the core concepts of commodity trading in India. Feel free to share any further suggestions for aspiring commodity traders in the comments below!