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Oil prices fell despite OPEC+'s decision to cut production
01.12.2023
Oil prices rose actively in anticipation of OPEC+'s decision to cut production, not reacting to data on the increase in reserves in the United States. However, prices fell 2.5% yesterday, losing the speculative gains of the past two sessions. OPEC+ countries agreed to cut oil production by 1 million barrels per day by June 2024, but the final data of the new agreement, including national production levels, will be announced by each country individually, and not in a general...
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Purchase prices for grains in Ukraine on December 1, 2023
01.12.2023
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 800 Peas 8000 ↓ 250 205 Rye grade II 4500 Corn 5707 4528 3998 ↑ 591 152 135 180 ↑ 7 rapeseed cake ...
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Weather conditions in Argentina and Brazil remain the main factors influencing agricultural markets
01.12.2023
Traders' attention is focused on the weather in South America, so news of heavy downpours in Argentina and more rain in central Brazil halted gains in soybean prices and even turned them lower. Soybean planting in central Brazil is nearly complete, with scattered rains lowering temperatures and reducing the impact of drought on first-crop soybean and corn crops. As a result of the El Nino phenomenon, the amount of precipitation is much lower than normal, so experts are lowering...
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Ukrzaliznytsia will raise car rental rates in December
01.12.2023
Since December 1, Ukrzaliznytsia has increased the rental rates for its own grain wagons and wagons for transporting flour of the conventional type 972 to UAH 1,150/day (without VAT), while in November they were UAH 1,000/day, the company's website reports. In addition, rental rates for other wagons will increase compared to November: cement wagons - from 950 to 1050 hryvnias/day, mineral wagons - from 50 to 150 hryvnias/day, tanks for the transportation of food...
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Ukraine should speed up the land reform, says Solskyi, Minister of Agrarian Policy
01.12.2023
In response to the appeal of the All-Ukrainian Agrarian Council (UAR) to the President of Ukraine with the demand to postpone for two years after the end of the war the decision to increase the maximum area of agricultural land allowed to be sold in one hand from 100 to 10 thousand hectares, Minister of Agrarian Policy and Food Mykola Solsky said , that the land reform should not be postponed, and on the contrary, it should be strengthened. He expressed this opinion on November 30 during the...
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Ukraine is increasing exports through sea ports thanks to the operation of the grain corridor ensured by the Armed Forces of Ukraine
30.11.2023
According to the Spike Brokers company, as of November 24, 2.1 million tons of agricultural products were exported from Ukraine by water transport, of which 740,000 tons went through the Danube ports and 1.4 million tons went through the ports of Odesa, Pivdenny, and Chornomorsk. 400,000 tons of agricultural products are planned for loading in the Danube ports, and 1.3 million tons in the Black Sea ports. Freight rates for transportation in all directions have stabilized, although...
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Purchase prices for grains in Ukraine on November 30, 2023
30.11.2023
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 800 Peas 8250 195 Rye grade II 4500 Corn 5707 4528 3407 ↑ 3 152 ↑ 1 138 ↑ 3 178 rapeseed cake 250 ...
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Increasing canola supplies from Canada to China will exacerbate the decline in canola oil prices
30.11.2023
According to China News, in November, large shipments of Canadian canola began to enter China's processing plants, which sharply increased the supply of canola oil and lowered the demand price. As a result of increased imports of rapeseed to China in October, its stocks as of November 17 increased to 421,000 tons, which is 368% higher than on November 3. The import of rapeseed oil to the country in October increased compared to September by 64.08% to 233 thousand...