-
Palm oil continues to rise in price, which supports soybean and sunflower oil prices
31.10.2024
Despite a sharp decline in oil prices, palm oil continues to rise on forecasts of production cuts in Malaysia and Indonesia. December palm oil futures on Bursa Malaysia rose 7.6% last week and fell 1.6% on Monday (against a 6% drop in oil prices), but in the following two sessions rose again by 3.7% to a 3-year high of RM4,695/t or $1,073/t (+8.9% in two weeks). Prices support expectations of a recovery in demand from China following the government's announced...
-
Purchase prices for grains in Ukraine on October 30, 2024
30.10.2024
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 5000 150 Mustard seeds 25000 Peas 13000 13125 5900 Coriander 21500 Corn 9225 8321 8650 ↑ 150 7765...
-
European agencies continue to reduce forecasts for EU sunflower and corn harvests, which will increase the need for imports
30.10.2024
In an October report, crop monitoring service MARS lowered its forecasts for EU soybean, sunflower and maize production in 2024 due to low yields in Bulgaria, Romania, Hungary, Croatia and Italy, where crops were hit by heavy rainfall in September after a dry and hot summer. Compared to September estimates, yield forecasts have been reduced: corn - from 6.85 to 6.66 t/ha (will be 9% less than the average 5-year indicator), sunflower - from 1.98 to 1.86 t/ha (-13%) soybean...
-
The Government of Ukraine is strengthening export controls for 14 types of agricultural products
30.10.2024
The Government of Ukraine, by resolution dated October 29, introduced an export support regime for the period of martial law, which applies to 14 types of agricultural products: honey, nuts, wheat and meslin, rye, barley, oats, corn, soybeans, rapeseed, sunflower seeds, soybean oil, sunflower oil, rapeseed oil, cake, - reports the Ministry of Agrarian Policy. "According to the Bureau of Economic Security and the State Tax Service, over 5 million tons of agricultural products...
-
The World Bank predicts a significant drop in commodity prices in 2025
30.10.2024
According to the World Bank forecast, global commodity prices may fall to a 5-year low in 2025 due to an oil glut, but will remain 30% higher than they were 5 years before the covid pandemic. Oil supply in 2025 will exceed demand by an average of 1.2 million barrels/day, which will limit price growth even in the event of a large-scale conflict in the Middle East. A larger surplus was previously recorded only twice - in 2020 against the background of the pandemic and in 1998 after...
-
Purchase prices for grains in Ukraine on October 29, 2024
29.10.2024
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 5000 150 Mustard seeds 25000 Peas 13000 13125 5900 Coriander 21500 Corn 9225 ↑ 5 8283 ↓ 11 8500 ...
-
Wheat prices in Ukraine continue to rise, although the fall in world prices is accelerating
29.10.2024
Yesterday, wheat prices on world exchanges fell by 1.7-1.9%, having lost 2.5-3.8% for the week, under the pressure of improved crop forecasts in Argentina and Australia, as well as weather in the United States. In Ukraine, prices continue to rise against the background of a shortage of offers, but they may soon decrease following the fall in prices in the EU, which lost 3.3% in a week. According to the forecast of the Rosario Grain Exchange, Argentina will harvest 19.5 million tons...
-
Sunflower prices in Ukraine have exceeded UAH 27,000/t with delivery to the factory, and farmers are restraining sales, although quotations may soon turn downwards
29.10.2024
Global soybean and palm oil prices rose sharply last week amid a speculative surge in oil prices fueled by a possible escalation between Iran and Israel. It also supported sunflower oil and sunflower quotes. In Ukraine, against the background of a limited supply of sunflower and the need to fulfill contracts for the supply of oil, the purchase prices for sunflower with an oil content of 50% rose to UAH 25,600-26,400/t at the end of the week with delivery to the factory, and...