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Purchase prices for grains in Ukraine on March 18, 2024
18.03.2024
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 2150 Peas 11500 ↑ 167 11600 10000 Buckwheat 9750 Rye 6000 Sugar beet pulp gran 5500 ...
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Active export demand for corn supports prices in Ukraine, but they remain under the pressure of falling global quotations
18.03.2024
Against the background of active export demand and restraint of sales by producers, purchase prices for corn in the Black Sea ports increased by $4-5/t during the week to $145-149/t or UAH 6,100-6,300/t. But further growth is limited by the increase in offers from Argentina and the decrease in demand on the world market. Corn exports from Ukraine for March 1-15 amounted to 1.3 million tons (1.69 million tons for the same period last year), and in general in the season reached 17.3...
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Palm oil prices rose by 4.7% amid a 4% rise in oil prices
18.03.2024
Against the backdrop of attacks by Ukrainian UAVs on Russian refineries and forecasts of a reduction in oil supplies in 2024, Brent crude oil futures last week rose by 4% to $85.4/barrel (+3.2% for the month), which supported the 'yuchers for palm oil in Malaysia. May palm oil futures on the Malaysian Bursa exchange rose 4.7% for the week to 4,287 ringgits/t or $911.7/t (+8.9% in two weeks). During March 1-15, the export of palm oil products from Malaysia increased...
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IGC experts forecast record world grain production in 2024/25 MY
18.03.2024
In the March report, IGC experts reduced the forecast of global grain production in 2023/24 MR by 6 million tons to 2.3 billion tons, which will exceed the previous season's figure by 2% compared to February estimates. The adjustment is due to the worsening prospects for the corn harvest in the Southern Hemisphere. In addition, the IGC released its first forecasts for FY 2024/25, according to which cereal production will reach a record 2.33 billion tons thanks to increased...
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Purchase prices for grains in Ukraine on March 15, 2024
15.03.2024
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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Stratégie Grains analysts lowered the forecast for wheat production in the EU
15.03.2024
In the March report, Stratégie Grains experts reduced the forecast of total wheat production in the EU in 2024/25 FY by 1.4 million tons to 128.8 million tons (133 million tons in 2023/24 FY), in particular soft wheat - by 1 million tons to 121.6 (125.7) million tons. Wheat production will decrease the most in France, Germany and Poland, while it may increase in Hungary. The forecast for the total production of barley in the EU has been reduced by 1.3 to 51.8 million tons...
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Chinese buyers canceled agreements for the supply of 1 million tons of wheat from Australia
15.03.2024
Chinese importers are canceling or postponing agreements under which 1 million tons of Australian wheat should have been delivered in February-April, Reuters reports. According to traders, some deals have been canceled completely, while other delivery dates have been postponed to the second and third quarters. In many cases, buyers who canceled or postponed delivery must pay a penalty. After heavy purchases late last year and early this year, China is cutting supplies...
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Exports of agricultural products by rail across the western border decreased to the lowest level since the beginning of the war
15.03.2024
The volume of exports of agricultural products by rail across the western border of Ukraine decreased to an average of 299 wagons/day, which became the lowest figure since the beginning of the war, Spike Brokers reports. The European market is oversaturated with grain of the old harvest, and local railway operators cannot quickly change freight rates in accordance with the commodity market situation, which makes it difficult to export Ukrainian agricultural products to the EU by...