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USDA predicts increased consumption and reduced supply and stocks of wheat in FY 2023/24
11.03.2024
In a March report, USDA experts again raised their forecasts for global wheat production, consumption and exports in FY 2023/24, lowering their estimate of ending stocks. Stock market quotations reacted to this by increasing by 0.8-2.4%, although during the month they fell by 2-9%. In the current season, world wheat consumption is expected to grow by 8.15 million tons compared to the previous season to 799 million tons, which will exceed production by 12.3 million tons (they were...
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Purchase prices for grains in Ukraine on March 8, 2024
08.03.2024
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 2400 ↓ 350 Peas 12500 10750 10000 Buckwheat 9750 Rye 6000 Sugar beet pulp gran 5500 Green peas ...
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On the Algerian market, Russian grain is actively displacing French grain
08.03.2024
France once again lost its former colony - Algeria, but now not in the sense of territories, but in terms of the grain market. If earlier Algeria bought mainly French wheat, now it has reoriented itself to supplies from the Russian Federation. According to the results of the first half of the 2023/24 season, the Russian Federation became the main supplier of wheat to Algeria, moving it to the second place of the EU countries. Experts believe that the reason for this is...
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Despite the decrease in the offer prices, the Egyptian GASC canceled the tender for the purchase of wheat
08.03.2024
On March 7, the Egyptian GASC held an international tender for the purchase of wheat with delivery on May 1-10, for which applications were submitted at a lower price than in previous auctions. But in the end the tender was cancelled. The purchase price at the previous tender was $30.5/t lower than at the auction on January 17, primarily due to cheap offers of Ukrainian wheat at a price of $222 (229.75 at the previous auction) $/t FOB with payment in 180 days and 229, 9 (244.75)...
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The European Union is increasing imports of sunflower and rapeseed meal from the Russian Federation and Belarus
08.03.2024
According to the European Commission, during the period July 1, 2023 - February 28, 2024, EU countries reduced the import of meal by 9% to 12.14 million tons compared to the same period of the previous season. However, if the import of soybean meal decreased by 13% to 9.63 million tons, the import of rapeseed increased by 22% to 625,935 thousand tons, and of sunflower - by 6% to 1.883 million tons. Almost 6.17 million tons of soybean meal or 64.1% of the total volume...
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Purchase prices for grains in Ukraine on March 7, 2024
07.03.2024
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 2750 Peas 10750 10000 Buckwheat 9750 Rye 6000 Sugar beet pulp gran 5500 Green peas 19000 ...
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India will reduce the import of vegetable oils by 5% in the current season
07.03.2024
According to the forecast of the Indian Vegetable Oil Producers' Association (IVPA), in 2023/24, India will reduce the import of vegetable oils by 5% compared to the previous season, from 17.06 to 16.2 million tons. At the same time, the share of palm oil in the total volume of imports may decrease from 60% in the 2022/23 financial year to 54%, or even to 50% in the current season due to changes in the price situation. According to experts' forecasts, crude...
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Ukraine is ready for restrictions on trade with the EU, but calls on it to ban the import of grain from the Russian Federation
07.03.2024
In order to reduce political tension in relations with Poland, Ukraine is ready to accept restrictions on trade with the EU, but urges it to ban the import of grain from the Russian Federation, the Financial Times reports. Deputy Minister of Economy of Ukraine T. Kachka told the publication that the authorities will agree to limit the import of domestic agricultural products to the EU in the event of a ban on the latter's import of Russian agricultural products, which enter...