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Rape and canola prices fell on expectations of lower vegetable oil prices
21.11.2024
A possible decrease in the demand for biofuels after the arrival of the new US Administration and the glut of raw materials in processing plants for several months sharply reduced the demand for rape and canola, which collapsed the quotation. January canola futures on the Winnipeg exchange fell 5% this week to CAD 617/t or $442/t (-2.1% for the month) even as canola exports double last year's pace and oil demand from the US side remains high. February rapeseed...
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A sharp drop in soybean oil prices has increased pressure on other oils, but the premium for sunflower oil will continue to rise
21.11.2024
December soybean oil futures on the Chicago Stock Exchange fell 5% in two sessions to $954/t (+1.9% on the month), losing a week's gains of the previous two weeks due to uncertainty over green energy programs after the arrival of the new Administration USA. They were not supported even by a sharp decline in the forecast for the US soybean harvest, an increase in soybean processing in October to a record level, high rates of soybean exports and even a slight increase in oil...
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The National Bank has changed currency restrictions for business
21.11.2024
From November 20, the National Bank of Ukraine changes the current currency restrictions, softening some of them, in order to support the sphere of foreign trade and cooperation on international projects and technical assistance programs. At the same time, control over compliance with currency restrictions is being strengthened. Changes will apply to the following areas: transfer of funds to fulfill obligations under import contracts; calculations for international...
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Purchase prices for grains in Ukraine on November 20, 2024
20.11.2024
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, $ Vetch 13000 Wheat mill offals 5100 160 Mustard seeds 25000 24875 Peas 13000 7150 Buckwheat 11500 Rye...
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The European Union plans to reduce the tariff on agricultural products from South American countries
20.11.2024
The trade agreement between the European Union and the MERCOSUR countries, in particular the chapter on agriculture, has provoked protests from farmers in the EU who believe that South American agricultural products do not meet European standards. The agreement from 2019 was published on the website of the European Commission, but has not yet been adopted. It provides for the introduction of quotas for duty-free (or at low rates) import of certain types of agricultural products from MERCOSUR...
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The government approved the Strategy for the Development of Agriculture of Ukraine until 2030
20.11.2024
On November 15, the Cabinet of Ministers of Ukraine approved the Strategy for the Development of Agriculture and Rural Territories in Ukraine for the period until 2030 and the plan of measures for its implementation for 2025-2027, the Ministry of Agrarian Policy reports. The purpose of the Strategy is to prepare the agricultural sector of Ukraine for accession to the EU. The main provisions of the Strategy are as follows: Ukraine should develop multi-product factories with...
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World grain production in FY 2024/25 will be only marginally lower than the previous season's record
20.11.2024
According to the new forecast of UN FAO experts, the world grain production in 2024/25 MR will amount to 2.848 billion tons, which will be only 0.4% less than the record figure of the previous season (2.859 billion tons). At the same time, world wheat production will amount to 792.2 million tons, which will be the second largest historical indicator. This will be facilitated by good weather and an increase in production in Asian countries, which will make it possible to compensate...
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Purchase prices for grains in Ukraine on November 19, 2024
19.11.2024
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, $ Vetch 13000 Wheat mill offals 5100 160 Mustard seeds 25000 24875 Peas 13000 ↓ 167 7150 Buckwheat 11500 ...