Export flows of French wheat faced stiff competition through 2023 as resurgent Russian wheat production and aggressive marketing forced traders to look beyond their usual markets

Canadian Grain Commission data suggested that the country's grain and oilseed exports fell at the end of 2023

Shipments of UCO from China have increased in the past three years to Asia and US, but the trend is moving in the opposite direction in Europe

Despite the lower average premiums compared to 2022, the market's resilience was tested, which highlighted global dependence on Chinese demand

The domestic soybean oil market in Brazil has seen higher bid prices due to solid biodiesel demand

There has been an increase in daily volumes compared to last year, although wheat exports are slightly down, according to sources

The palm oil stock drop marks an end to a six-month increase, despite being higher than earlier levels this year and in previous years

This significant development marks an important step in Indonesia's ongoing efforts to challenge these duties and protect its vital biodiesel industry

Strong export activities contribute to spike

According to official data, oilseeds exports pick up pace against slower product shipments