News

Expectations for a decrease in oil and vegetable oil prices have not yet materialized; on the contrary, demand for vegetable oils has increased slightly, which has provided a new wave of support for sunflower prices in Ukraine.   Purchase prices for sunflower remained at high levels last week at 26,500–26,800 UAH/t or $555–565/t excluding VAT with delivery to the factory, and some processors offered farmers even higher prices for large volumes.   Export prices...

Vegetable oil prices have started to rise on a recovery in demand, led by Indian demand for cheap palm oil. Meanwhile, soybean oil prices in Chicago are holding high on expectations of a significant increase in biofuel mandates.   The Environmental Protection Agency (EPA) on June 13 proposed significantly higher than expected renewable fuel standard (RFS) volumes for biomass-based diesel, after which soybean oil futures in Chicago rose by 17% in two days, but then fell and are now...

According to a report by the Foreign Agricultural Service (FAS) of the United States Department of Agriculture (USDA), due to dry weather conditions, Turkey will harvest a smaller wheat and barley crop in the 2025/26 MY, so it will have to increase imports to meet domestic demand.   In its latest forecast, FAS predicts a 15% year-on-year decline in wheat production to 16.3 million tonnes, as a slight increase in sowing areas does not compensate for yield losses.   Amid the...

The weighted average purchase price of grains and oilseeds in Ukraine on CPT terminals, EXW elevators, CPT processors, FCA, CPT dollar, FOB, DAF, CIF Rapeseed prices in Ukraine continue to rise, but with the condition of prompt delivery amid growing concerns about the introduction of a 10% export duty on rapeseed and soybeans. The lifting of the ban on the import of GMO soybeans into the EU will have a major impact on the price of non-GMO soybeans in Ukraine, which has decreased by 10% in a...

The Verkhovna Rada continues to discuss the "soybean-rapeseed" amendments to the draft law, which provides for amendments to the Tax Code to prevent industrial pollution, after the Committee on Finance, Tax and Customs Policy recommended introducing duties on soybean and rapeseed exports, and the Verkhovna Rada Committee on Agrarian and Land Policy did not support this initiative on July 7.   Deputies report that the decision will be voted on in July or August, and the...

The European Commission has authorized the use of genetically modified soybeans in food and animal feed, Feedlot reports, citing a scientific assessment by the European Food Safety Agency (EFSA).   According to the commission, GM soy has undergone a comprehensive and rigorous assessment procedure that ensures a high level of protection of human, animal and environmental health, after which it was allowed to be imported for use in food and animal feed, but not for cultivation in the...

Stock market quotes for wheat are trading 4.5-5.9% lower than a month ago, amid improving weather conditions in the US, but forecasts of a reduced harvest in Ukraine are being confirmed, which contributes to a further increase in export prices.   As of July 6, 53% of winter wheat in the United States has been threshed (62% last year and 54% on average for the past 5 years). The number of winter wheat crops in good or excellent condition remained flat at 48% during the week (51% last...

The weighted average purchase price of grains and oilseeds in Ukraine on CPT terminals, EXW elevators, CPT processors, FCA, CPT dollar, FOB, DAF, CIF   Favorable weather in the US continues to put pressure on stock quotes, but traders are closely monitoring weather conditions in the Black Sea region. OPEC increased oil production for August more than analysts expected, so prices will continue to decline, which will increase pressure on oilseed and feed grain...