News

In 2024/25, Turkey will reduce wheat imports compared to the previous season by 16% or 1.5 million tons to the lowest figure of 8 million tons in the last 6 years, the Union of Grain Exporters reports with reference to data from the US MSG.   The reduction in imports is due to the decision of the country's authorities to stop the import of wheat within the framework of the internal processing regime, which allowed processors to import wheat duty-free for the production of flour...

On July 16, the Egyptian GASC held another tender for the purchase of wheat, where it purchased a significant batch of 770,000 tons. Prices for Russian wheat this time were lower than for European wheat.   The following applications were submitted to the tender (all with direct payment): 19 (9 at auction on June 25) batches of Russian wheat at a price of $226-238 (227-250)/t FOB, 10 (10) lots of Romanian wheat at a price of $232-250 (232-260)/t FOB, 4 (5) batches of French...

As a result of unfavorable weather during the period of early pollination of corn, analysts reduce forecasts of its production. It is expected that the corn harvest in Ukraine will decrease by 21% compared to last year to 24.4 million tons.   According to the forecast, the total production of corn in the EU countries, Belarus and the Russian Federation will also decrease compared to the previous season by 11% or 13.6 million tons to 77.2 million tons.

Adverse weather conditions that have developed in the central, eastern and southern regions of Ukraine and will continue for some time may reduce the yield of late crops by 20-30%, the Hydrometeorological Center reports in the report "Operational information on adverse agrometeorological conditions in July 2024 and their influence on the formation of the harvest of late agricultural crops in Ukraine".   Starting from the end of June, air drought began to spread across...

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 30000 Wheat mill offals 3000 170 Mustard seeds 425 Peas 13175 ↑ 108 12475 12500 263 280 Buckwheat ...

Despite abnormal heat in Ukraine and southeastern Europe, which may reduce the yield of spring wheat, wheat prices fell on data from the USDA report and forecasts of an increase in production forecasts in the Russian Federation by local agencies.   The IKAR company increased the forecast of the wheat harvest in the Russian Federation by 1.2 to 83.2 million tons, although MSG left its forecast at the level of 86 million tons compared to 92 million tons last year.   Wheat...

Last week, the interbank exchange rate of the dollar rose to UAH 41/$, so experts expected it to decrease somewhat this week. However, yesterday the dollar continued to appreciate and reached a record 41.14-41.19 UAH/$.   On July 16, the National Bank set the official exchange rate of the dollar at UAH 41.0107/$, and the euro at UAH 44.7263/€.   The driver of growth is the strengthening of problems in the country's economy, caused by a shortage of electricity...

In 2023/24 MR, the export of rapeseed oil from Ukraine reached a record 422,000 tons, reports the Ukroliyaprom association.   Ukraine supplies rapeseed oil to the markets of the EU, China, Singapore, Malaysia and other countries. At the same time, the export of rapeseed meal is increasing.   We will remind that the position of the association is the need to create conditions for increasing the processing of soybeans and rape within the country and the export of products...