Закупівельні ціни на українську пшеницю різко знизилися

amid a sharp decline in market prices for wheat in the U.S. and pending the outcome of the tender Egyptian traders in Ukraine have significantly reduced the procurement price of wheat.

Due to lower than last year, yields producers are holding back sales of wheat in anticipation of rising prices. In July, traders have been forced to raise rates for the formation of export shipments of wheat.

it was Expected that prices will gradually decrease as you perform export contracts and increasing volume of proposals, but yesterday, all major exporters sharply lowered purchase prices at the port of 200-250 UAH/t to 6250-6350 UAH/t or 190-191 $/t. Some traders lowered prices last week, while others bought expensive wheat to download the ship.

the Data for the collection of wheat can hope to harvest at a minimum of 25.5 million tons, and perhaps predictable 26-26,2 million tons, of which it will be possible to export 17-18 mln t. the Factor of bad harvests, lost weight, now the markets will be affected by the global fundamental factors.

Last year in this period, prices of Ukrainian wheat at the port was 172-175 $/ton, so current prices of the new harvest 190-192 $/t is acceptable for the current season.

the Increase in harvest in Russia will keep prices for black sea wheat in August and September, and at the end of the year the market will see a good crop from Australia, which will increase competition with the Ukrainian wheat.

As of August 5, in Russia with 48,2% of the area is 14.2 million hectares and produced 52 million MT of wheat with a yield of 3.66 t/ha, which gives hope for a harvest of 80 million tons.

Egypt yesterday bought 410 thousand tons of Russian and Ukrainian wheat at a price of 2.5 $/t lower than at the previous auction, indicating the willingness of Russian traders to lower prices to enhance sales.

Prices on US exchanges recovering from the previous fall, but remain under pressure from declining markets for soybeans and corn, and low demand from China, which after the meeting of trade representatives on 15 August may resume the purchase of agricultural products.

Expert expectations for the weekly export sales of US wheat are in a wide range 200-800 thousand tons because of the uncertainty with the prospects of the export.

the September wheat futures in the U.S.:

the

1.56 $/t to 156,71 $/t for solid winter HRW wheat in Kansas city.

• 0.92 $/t to 187,66 $/t for SRW soft winter-wheat in Chicago

the results of the tender in Egypt, where the number of offers of black sea wheat rose to 1.22 million tonnes, while prices fell compared to the previous auction, putting pressure on European exchanges. The strong Euro reduces the competitiveness of European wheat, and even lower crop forecasts in Germany and Franz could not support quotes.

the

• September futures milling wheat on MATIF fell by 0.5 €/ton to month minimum 179,25 €/t or 212,69 $/t

French Ministry of agriculture lowered the forecast of wheat production in 2020 to 600 thousand tons to 29.7 million tons, which is 25% inferior to last year's figure and become the 4th lowest in the entire history of observations.