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Ukraine and Poland are working on an agreement on joint customs and border control
13.03.2024
Against the background of blocking the border between Ukraine and Poland, the governments of both countries are actively working on issues of joint customs and border control and mutual licensing of export of agricultural products. On Friday, technical consultations were held before the signing of the agreement on joint customs and border control, after which the Polish side will send the document for consideration by the European Commission. Currently, many issues...
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Wheat stocks in India fell to a 7-year low
13.03.2024
According to the state Food Corporation of India, wheat stocks in state warehouses as of March 1 decreased to the lowest level since 2017 at 9.7 million tons, while in this period in 2022 they reached 11.7 million tons, Reuters reports. Due to the low harvests of the last two years, the country's authorities sold record amounts of stocks to support domestic prices. Despite the shortage of supplies, the Indian government refuses to increase wheat imports by reducing or canceling...
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Purchase prices for grains in Ukraine on March 12, 2024
12.03.2024
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, $ FOB, $ DAF, $ CIF, $ Wheat mill offals 2400 Peas 12500 10833 11600 10000 Buckwheat 9750 Rye 6000 Sugar beet pulp gran 5500 ...
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Palm oil prices rose 4.9% for the week as inventories in Malaysia fell to a 7-month low
12.03.2024
Last week, palm oil futures in Malaysia rose in anticipation of a report on production, exports and inventories, due on March 10. Yesterday, May palm oil futures on Bursa Malaysia rose another 1% to RM4,131/t or $883/t (+4.9% for the week), the highest since July 24, 2023. According to the Malaysian Palm Oil Council (PMOC), in February, palm oil production in the country decreased by 10.18% compared to January to a 10-month low of 1.26 million tons, exports by 24.75%...
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Despite increased production forecasts, rapeseed prices continue to rise
12.03.2024
In the March report, USDA experts increased the forecast of world rapeseed production in 2023/24 MR by 0.7 to 88.1 (88.82) million tons, in particular for Ukraine - by 0.1 to 4.4 million tons, Russia - by 0 ,1 to 4.2 million tons, India - by 0.5 to 12.5 million tons. The forecast for the export of rapeseed from the Russian Federation was increased by 0.1 to 0.7 million tons, but it is unlikely to be fulfilled due to the export ban. The authorities of the Russian Federation have...
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Polish strikers continued and strengthened the blockade of the border with Ukraine
12.03.2024
Yesterday, the Ministry of Infrastructure of Ukraine reported that Polish farmers blocking the border with Ukraine, without any explanation, started to detain passenger buses going to and from Ukraine. Thus, the hostages of the protest have now become bus passengers, who are usually women with children, pensioners, people with disabilities, military personnel returning from or going to training exercises. Ukraine called on the Polish authorities to intervene in a...
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Purchase prices for grains in Ukraine on March 11, 2024
11.03.2024
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, $ FOB, $ DAF, $ CIF, $ Wheat mill offals 2400 Peas 12500 10750 11600 10000 Buckwheat 9750 Rye 6000 Sugar beet pulp gran 5500 ...
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USDA cuts forecast for world soybean production and stocks by less than analysts expected, but stock prices rise sharply
11.03.2024
In a March report, USDA experts cut forecasts for global soybean production, consumption and stocks, but by less than analysts had expected. However, a significant increase in the export forecast led to a rapid increase in quotations. Thus, May soybean futures on the Chicago Stock Exchange rose by 1.5% to $438.5/t (-0.8% compared to the data after the February report). Compared to the February estimates, the new soybean balance for the 2023/24 FY has undergone the...