News

In February, Ukraine and the United States increased corn exports, but so far this has not been able to significantly support quotes, which have remained stable for two months.   During the week, export demand prices for corn in Ukraine remained at $211-212/t or UAH 10,300-10,350/t with delivery to Black Sea ports, as the volume of offers from producers increases and logistical conditions improve.   Corn exports from Ukraine for February 1-21 amounted to 1.94 million tons...

On February 24, the Algerian state-owned company OAIC held a tender to purchase at least 50,000 tons of milling wheat of any origin, in which it purchased about 600,000 tons at a price of $259-260/ton C&F, although the sellers' offer prices initially exceeded $260/ton, European traders report.   According to the terms of the tender, wheat of European or Black Sea origin (in particular, from Ukraine, Romania and Bulgaria) must be shipped in three periods: April 16-30, May 1-15...

The global vegetable oil market at the end of February is under the influence of geopolitical signals and uneven recovery in demand. The energy market is watching the relations between the US and Iran, and oil prices are reacting to political expectations and the level of stocks. According to UkrAgroConsult, the markets are not worried about a shortage of supply, but about a change in the timing of purchases.   The price ratios between the main types of oils continue to adjust....

The Ministry of Economy of Ukraine held a meeting of the working group on the development of state support for insurance of agricultural products, which discussed the introduction of agricultural insurance as a new form of state support for agricultural producers, primarily those working in front-line areas and facing increased production risks due to the war.   The procedure for providing state support for agricultural insurance provides for clear requirements for recipients of...

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 FCA, $ CPT terminal, $ FOB, $ DAF, $ CIF, $ Wheat mill offals6000 ↓ 250Mustard seeds35000Peas11300200Coriander32000Corn10120 ↑ 48789 ↑ 198500 ↓ 259212220200239Soybean hulls granulated150 ↑ 5Soybean meal18700320Sunflower...

Power supply problems in southern Ukraine have led to the shutdown of several factories, and news of Bulgaria purchasing sunflower from Argentina has increased pressure on Black Sea sunflower oil prices, causing sunflower prices in Ukraine to decline slightly after reaching a seasonal high last week.   The decrease in prices for sunflower oil delivered to India during the week by $10/t to $1,400/t CIF Mumbai and the offer prices of Russian sunflower oil by $10-30/t to $1,280/t FOB...

Traditionally, oilseed markets await the results of the oilseed harvest in South America in late February and early March. For two consecutive years, March has started with a decline in vegetable oil and oilseed prices amid strong harvests in Brazil.   This year, the situation is likely to repeat itself, as Brazil's soybean harvest is set to be record-breaking, and oil prices have now risen to a 6-month high (due to speculation in anticipation of a war in Iran), keeping soybean...

Soybeans remain the most popular crop in Ukraine due to high demand from exporters and processors who are replacing expensive sunflower meal with soybean meal in feed formulations.   Rain-induced delays in soybean harvests in Brazil are also supporting Chicago prices, which could soon lead to lower demand for American soybeans from China.   In Ukrainian ports, export demand prices for GMO soybeans remained at $435-440/t or UAH 19,400-19,600/t during the week, while prices...