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Export prices for soybeans in Ukraine are growing in line with world quotations
05.09.2024
In Ukraine, competition between soybean exporters and processors is intensifying against the backdrop of declining harvest forecasts. During the week, quotations on world exchanges exceeded the export prices of the demand for Ukrainian soybeans. Export purchase prices for GMO soybeans in Ukraine increased by another 5-10 $/t during the week to $375-380/t or UAH 17,300-17,500/t with delivery to Black Sea ports, while processors with delivery to the plant offer 16,000 - UAH...
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Oil prices fell 6.6% this week, adding pressure to vegetable oil prices
05.09.2024
Over the past three sessions, November Brent oil futures fell 6.6% to a 9-month low of $72.7/barrel (-6.6% for the week, -4.5% for the month) amid negative macroeconomic news from the USA. Easing tensions in the Middle East also reduced the speculative impact on quotes. Yesterday's economic news will have a negative impact on energy demand and oil prices. So, in July, the number of JOLTS vacancies in the US decreased by 237 thousand to a 3.5-year low of 7.673 million (against...
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India has cut palm oil imports by 27% due to rising prices
05.09.2024
In August, compared to July, India reduced the import of edible oils by 17% to 1.53 million tons, in particular palm oil - by 27% to 791 thousand tons against the background of significant reserves and negative margins at oil refineries. This could lead to an increase in palm oil stocks in the main producers - Malaysia and Indonesia, which will increase the pressure on quotations. In July, palm oil imports significantly exceeded local needs, so in August, refiners sharply reduced...
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Purchase prices for grains in Ukraine on September 4, 2024
04.09.2024
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 Mustard seeds 25000 Peas 13000 13125 250 Buckwheat 320 Rye grade IV 5700 ...
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Wheat prices in Ukraine remain under the pressure of reduced export demand
04.09.2024
On September 3, the Ministry of Agrarian Policy of Ukraine and participants of the grain market signed an addendum to the Memorandum of Understanding, which agreed on the maximum export volumes in the 2024/25 season of wheat and a mixture of wheat and rye (meslin) according to the UCT code ZED 1001 at the level of 16.2 million tons. Also, the parties agreed on monthly monitoring of exports and the possibility of adjusting export limit volumes in January 2025, if necessary. Such a move will...
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China's plans to launch an anti-dumping investigation into Canadian canola have sent prices crashing
04.09.2024
Yesterday, rapeseed and canola stock prices tumbled 3.5-7.3% on news that China plans to launch an anti-dumping investigation into canola and chemical products from Canada in response to the latest tariffs on imports of electric vehicles, steel and aluminum from the PRC. But already at the end of the session, quotations recovered almost to the previous level, as the global rapeseed balance for 2024/25 MR continues to deteriorate. Last week, the Canadian government announced the...
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The Ministry of Agrarian Policy agreed with grain market participants on the maximum grain export volume for 2024/25 MR
04.09.2024
On September 3, the Ministry of Agrarian Policy of Ukraine and participants of the grain market signed an addendum to the Memorandum of Understanding, by which they agreed on the maximum export volumes in the 2024/25 season of wheat and a mixture of wheat and rye (meslin) according to the UCT code ZED 1001 at the level of 16.2 million tons. The Ministry of Agrarian Policy noted that the signing of the Memorandum and its annex will ensure the country's food security, predictable...
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Purchase prices for grains in Ukraine on September 3, 2024
03.09.2024
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 330 Wheat mill offals 3800 Mustard seeds 25000 Peas 13000 13125 250 265 Buckwheat 320 Rye grade IV...