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The European Commission proposes to increase the duty on the import of grain and meal from the Russian Federation and Belarus
25.03.2024
On Friday, the European Commission presented a proposal to raise to 95 €/t the duty on the import of grain into the EU from the Russian Federation and Belarus, in particular wheat and sunflower meal, which will help avoid destabilization of the European market and prevent the Russian Federation from using export revenues to finance the war in Ukraine. "In 2023, the Russian Federation exported 1.3 billion euros worth of such products to the EU, so increased tariffs will...
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Purchase prices for grains in Ukraine on March 22, 2024
22.03.2024
The weighted average purchase price of grains and oilseeds in Ukraine on CPT terminals, EXW elevators, CPT processors, FCA, CPT dollar, FOB, DAF, CIF Purchase prices in Ukraine CPT terminal, UAH EXW elevators, UAH CPT processor, UAH FCA, UAH CPT terminal, $ DAF, $ CIF, $ Wheat mill offals 2150 Peas 12000 ↑ 500 10000 Buckwheat 10500 ↑ 750 Sugar beet pulp gran 5500 Coriander 1000 Corn...
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China will import a record amount of grain and oil crops in 2024
22.03.2024
Against the background of low world prices and a deficit of its own production, China may import a record amount of grain and oil crops in 2024, although it recently canceled deliveries of previously contracted batches, Reuters reports. Market participants expect that the pace of imports will increase already in April, and the total volume of deliveries in 2024 will correspond to last year. According to StoneX, China will continue to buy high-quality food wheat from Canada, the US...
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The weather in the main grain exporting countries favors the development of crops
22.03.2024
Weather conditions in the main grain exporting countries are generally favorable for crop development, with only uneven rainfall in Brazil causing concern due to a possible reduction in the yield potential of saffron corn. This week, the cyclone brought frosts to -10...-15 o C and heavy snowfalls in the north and rains in the south of the region to the Midwest and Plains of the USA, which will have a beneficial effect on winter wheat crops and replenish soil moisture reserves on...
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The first item on the agenda at the meeting of the European Council is Ukraine
22.03.2024
At the regular meeting of the European Council, which will be held on March 21-22 in Brussels, the issues concerning Ukraine will first of all be considered: the amount of military aid, the start of negotiations on joining the EU, the extension of the free trade agreement with the EU, and the use of revenues from frozen Russian assets for aid to Ukraine, as well as ways to unblock the transit of products through Poland. According to Politico, an interim agreement to extend trade...
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The Ministry of Agriculture of Canada has increased the forecasts of the grain harvest in 2024/25 MR
21.03.2024
In the March report, the experts of MSF of Canada (AAFC) increased the forecast of wheat production in the country in 2024/25 MR by 0.7 to 34.6 million tons (32 million tons in 2023/24 MR), domestic consumption by 0.2 to 9.3 (8.6) million tons, exports - up to 24.6 (23.5) million tons, and final stocks - up to 4.4 (3.6) million tons. In particular, the forecast for durum wheat production increased by 0.3 to 5.7 (4) million tons, exports – by 0.1 to 4.5 (3.2) million tons, final stocks...
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Purchase prices for grains in Ukraine on March 21, 2024
21.03.2024
The weighted average purchase price of grains and oilseeds in Ukraine on CPT terminals, EXW elevators, CPT processors, FCA, CPT dollar, FOB, DAF, CIF Purchase prices in Ukraine CPT terminal, UAH EXW elevators, UAH CPT processor, UAH FCA, UAH CPT terminal, $ DAF, $ CIF, $ Wheat mill offals 2150 Peas 11500 10000 Buckwheat 9750 Rye 6000 Sugar beet pulp gran 5500 Coriander 1000 ...
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Rapeseed prices are rising in line with vegetable oil prices
21.03.2024
Despite significant global supply and stocks of oilseeds, including rapeseed, prices continue to gradually recover from February's decline amid rising oil and palm oil prices, as well as forecasts of a decline in European rapeseed production. According to the forecast of the Coceral agency, EU countries and Great Britain will harvest 20.2 million tons of rapeseed in 2024, which is 1.1 million tons less than the 2023 harvest. May Brent crude futures rose to a...