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Raising wheat production forecasts in Ukraine and Russia increases pressure on prices
25.06.2021
More and more analysts are raising their forecasts for wheat production in Ukraine and Russia due to favorable weather conditions, which increases pressure on the prices of both Black Sea, European and American wheat. SovEcon experts raised the forecast of wheat production for Russia by 2.2 million tons to 84.6 million tons and for Ukraine – by 300 thousand tons to 29.2 million tons. although some analysts believe that Ukraine will be able to harvest more than 30 million tons...
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Purchase prices for grains in Ukraine on June 25, 2021
25.06.2021
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, $ FOB, $ DAF, $ CIF, $ Vetch 10000 Wheat mill offals 6350 ↓ 50 5450 Mustard seeds 12000 Peas 8200 9000 252 Sugar beet pulp gran 9500 ...
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Ukrainian farmers will have the right to priority purchase of cultivated land
24.06.2021
The government of Ukraine at a meeting on June 23 adopted amendments to the procedure for maintaining the State Register of real property rights, which will ensure the correct sale procedure and correct registration of the entered information. This was reported by the press service of the government with reference to the Prime Minister of Ukraine D. Shmyhal. When the land market starts working, farmers will have the right to purchase priority land plots on which they have worked...
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Dry and hot weather warms up wheat prices in the US
24.06.2021
Forecasts of favorable weather with heavy rains in the US corn belt increase pressure on soybean and corn prices, while in spring wheat growing areas on the American plains, precipitation shortages and heat at 30-35 °C will further worsen the condition of crops. Winter wheat harvesting in the United States is accelerating, and according to farmers, the yield is still above average, although the protein content is significantly lower than average. The expected heat...
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Rapeseed prices in Europe rose by 2.6% on forecasts of growth in demand from the biofuel industry
24.06.2021
Yesterday on the Euronext exchange, August rapeseed futures almost recouped the fall of the last two weeks and rose by 2.6% or 13 €/ton to 507.5 €/ton or 605 € /ton on the news of Germany's adoption of a law obliging to increase the reduction of greenhouse gas emissions in 2022 from 6% to 7%, and in 2030 to 25%. Therefore, the demand for rapeseed oil for biodiesel production will increase dramatically, especially given the commitment to reduce the use of palm oil. Following...
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Purchase prices for grains in Ukraine on June 24, 2021
24.06.2021
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, $ FOB, $ DAF, $ CIF, $ Vetch 10000 Wheat mill offals 6400 ↑ 50 5450 Mustard seeds 12000 Peas 8200 9000 252 Sugar beet pulp gran 9500 ...
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Prices for Ukrainian sunflower are falling under the pressure of low demand for oil
23.06.2021
Low demand for sunflower oil, as well as significant reserves of sunflower oil and sunflower on the eve of the new crop entering the markets, continue to lower purchase prices for sunflower in Ukraine. Egyptian GASC purchased 80 thousand tons of vegetable oils yesterday, but even the reduction in the price of sunflower oil to a level lower than that of soybeans did not increase the volume of purchases, which increased pressure on prices. Supply prices of Ukrainian sunflower oil for...
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Purchase prices for rapeseed in Ukraine continue to decline actively
23.06.2021
A sharp drop in world prices for vegetable oils has increased pressure on oilseed markets. Thus, in Ukraine, purchase prices for sunflower and rapeseed decreased by 10-20% within two weeks. The weather in Ukraine contributes to the development of rapeseed crops, but due to low temperatures and prolonged precipitation, harvesting will begin 2-3 weeks later than last year. Forward prices for the supply of rapeseed with a base oil content of 42% to the port in July...