Four years after Russia’s unprovoked, attempted full-scale invasion of Ukraine on February 24, 2022, Fastmarkets examines how the war has reshaped the Ukrainian and global steel and grain markets, outlining the key challenges faced by these sectors as they have adapted and endured.

Indonesia will maintain its ban on exports of crude palm oil mill effluent (POME) and crude used cooking oil (UCO) as President Prabowo Subianto doubles down on plans to secure domestic feedstocks for sustainable aviation fuel (SAF) production and position the country as a leading global aviation fuel supplier.

Wheat futures pushed higher across major exchanges on Friday February 20, supported by firm sentiment in the Black Sea and steady export premiums in key origins.

Based on market feedback received and data collected, Fastmarkets has changed the free fatty acids (FFA) content to a maximum of 5% and iodine value (IV) to a minimum of 70 grams of iodine/mercury (hg), to reflect a specification used more commonly in the market. The updated quality specification of the prices are as follows: […]

After an extended consultation period, Fastmarkets has decided to amend its AG-SYB-0032 Soyoil cfr India $/mt and AG-SSD-0001 Sunoil cif India $/mt assessments.

Indian vegetable oil buyers are awaiting further details of a recently announced India-US trade deal, in which India is expected to reduce tariffs on certain US goods, including imports of soybean oil.

Fastmarkets invited feedback from the industry on the changes to its AG-PLM-0019 Refined bleached deodorised (RBD) palm olein, cfr South China, $/tonne and AG-CCN-0003 Crude coconut oil, fob Philippines, $/tonne prices via an open consultation between December 12, 2025, and January 13, 2026.

The consultation, which was originally open until February 6, sought to address growing market interest in these prices, to give more visibility into the price formation process and to more closely align these assessments with observed trading patterns. Specifically, Fastmarkets is seeking further feedback on: Extended consultation periodThe extended consultation period for these proposed changes starts […]

In 2025, the pet food and animal feed industries faced unprecedented volatility driven by geopolitical tensions, policy shifts, and erratic commodity prices, prompting procurement leaders to adopt data-driven, proactive strategies like hedging and dynamic risk management to ensure cost predictability and supply security.

Vegoils futures were broadly lower on Friday February 6.