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The Ministry of Agrarian Policy has lowered its forecasts for the harvest of late crops in Ukraine
23.08.2024
The Ministry of Agrarian Policy forecasts this year’s corn harvest in Ukraine to be around 25 million tons, according to Taras Vysotskyi, Acting Minister of Agrarian Policy and Food of Ukraine. “As for wheat, we expect a harvest of 21.8 million tons. Regarding corn, after the USDA released its forecast of 27 million tons, we see the situation less optimistically and expect a harvest of around 25 million tons,” Vysotskyi noted. He also added that the...
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Purchase prices for grains in Ukraine on August 22, 2024
22.08.2024
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 3800 ↑ 100 Peas 13300 13200 250 270 Rye grade III 5850 Rye grade IV 5700 Coriander 21500 ...
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In 2023/24 FY, Ukraine exported more than 50% of soybean meal to Poland
22.08.2024
According to IA "APK-Inform", in September - July 2023/24, the Republic of Ukraine exported 653,000 tons of soybean meal, which was 23% more than the corresponding indicator of the previous season. About 88% of this volume (82% in 2022/23 MR) was exported to the European Union countries, which increased the purchase of Ukrainian meal by 33% compared to the previous season. In particular, deliveries of soybean meal to Poland for 11 months of 2023/24 MR increased compared...
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Wheat prices in Ukraine are falling under the pressure of falling world quotations
22.08.2024
Yesterday, wheat quotations on world exchanges fell sharply against the background of a decrease in demand due to the end of harvesting, as well as an increase in the harvest forecast for the Russian Federation, which negatively affected export prices for Ukrainian wheat. September futures for wheat decreased: by 2.6% to $191/t – for soft winter SRW wheat in Chicago (-1.9% since the beginning of the week), by 1.9% to $197/t - for hard winter HRW wheat in Kansas City...
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Wheat, barley and canola yields in the UK are below the 5-year average
22.08.2024
Prolonged rain and pests are having a negative impact on wheat, winter barley and canola yields in the UK, causing problems for local farmers. The winter barley harvest is almost complete, and yields vary greatly by region, averaging just 6.3 t/ha, down 11% from the 5-year figure. In the Eastern region, the productivity exceeded the average 5-year indicator by 22%, in the South-Eastern region it corresponded to it, and in all other regions it was lower. The worst yield was recorded...
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Purchase prices for grains in Ukraine on August 21, 2024
21.08.2024
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 3700 Peas 13300 13200 250 270 Rye grade III 5850 Rye grade IV 5700 Coriander 21500 ...
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Vegetable oil prices remain at record lows amid falling demand and significant supply
21.08.2024
A large harvest of soybeans, oilseed rape and palm oil and the beginning of sunflower harvesting have significantly increased the supply of vegetable oils on the world market, which allows importers to choose the cheapest offers. In addition, falling oil prices reduce demand for biodiesel, which also puts pressure on prices. Soybean oil prices fell the most, which affected neighboring vegetable oil markets. On the Chicago Stock Exchange, December soybean oil futures for the month...
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Oil prices fell another 4.2% on lower demand from China and hopes of a truce between Israel and Hamas
21.08.2024
The US administration is making every effort to reach a truce between Israel and Hamas before the presidential election, as this will boost the approval ratings of Democrats and reduce oil prices, which remain high due to possible escalation in the Middle East. On Monday, US Secretary of State Anthony Blinken met with Israeli Prime Minister Netanyahu, who confirmed that Israel accepts the US proposal for a cease-fire in Gaza and calls on Hamas to do the same. Hamas is...