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Rape prices in Paris rose another 2% to a 5-month high
26.03.2024
The intentions of the European Commission to limit the supply of Russian agricultural products to the EU market supported the prices not only of wheat, but also of rapeseed. May rape futures on the Paris MATIF rose 2% yesterday to the highest level since October 2023 at €457/t or $495.3/t (+3.1% for the week, +10% during March). August futures are still trading at the same level, which indicates that the market is ignoring forecasts of a decrease in...
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Purchase prices for grains in Ukraine on March 25, 2024
25.03.2024
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 1475 ↓ 675 Peas 12000 10000 Buckwheat 10500 Sugar beet pulp gran 5500 Corn 6279 5032 4425 142 ↑ 1 132 210...
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Prices for European wheat rose against the background of plans to limit supplies from the Russian Federation
25.03.2024
Prices for European wheat on the stock exchange in Paris last week rose by 6.3% on forecasts of a reduction in the harvest in the EU in 2024 and against the background of the European Commission's proposal to introduce a duty of €95/t on grain imports from the Russian Federation. On Friday, May wheat futures on Euronext rose 3.8% to €207.25/t or $224/t (+6.3% for the week, +8.4% for March), while September new crop wheat futures - up 3.3% to €218.28/t or $236/t...
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The decrease in sunflower oil prices has stopped the increase in sunflower prices in Ukraine
25.03.2024
Last week, the purchase prices of sunflower in Ukraine increased by 400-600 UAH/t to 15,000-15,500 UAH/t (including VAT) with delivery to the plant against the background of a 4% increase in sunflower oil prices, as well as a jump in the dollar exchange rate by almost 2 % for the last two weeks. Many processors were paying a higher price for fast delivery, but at the end of the week they lowered their prices following the drop in the interbank dollar rate. Demand prices for...
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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...