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Egypt plans to change its food subsidy system and switch to direct subsidies instead of subsidized supplies, as this will be more efficient, according to economists.   For several decades, the country's authorities provided a significant part of the population with bread instead of other products at subsidized prices, and previous attempts to reform this program led to protests.   In 2023, Egypt imported 11 million tons of wheat, half of which was purchased by the...

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 21750 Wheat mill offals 4000 155 170 Mustard seeds 25000 Peas 13000 13125 ↑ 325 7150 Rye grade IV 6400 ...

The other day, scattered precipitation occurred in Brazil, which did not reach the central regions of the country. This week, a new front could bring the first rains and a slight drop in temperatures to the state of Mato Grosso.   According to the AgRural agency, on September 26 soybeans in Brazil were sown on 2% of the planned area (5% last year). Thanks to the rains in the second half of September, 13% of the area has already been sown with soybeans in the main producing state of...

As a result of unfavorable weather in Eastern Europe, the Strategie Grains agency reduced the forecast for the sunflower harvest in the EU in 2024 by 0.4 million tons to 8.9 million tons, which will be 10% less than the 9.8 million tons harvested in 2023. Harvest data confirm poor sunflower yields, which in Romania and Bulgaria will be the lowest in the last 15 years, and in Hungary will be 5% below the 5-year average. In France, slow plant development will delay harvest and make it vulnerable...

Last week, wheat quotations on world exchanges grew by only 0.4-1% against the background of the absence of significant supporting factors.   Forecasts of precipitation and a decrease in temperatures in the Black Sea region reduced fears of the loss of winter wheat crops in Ukraine and the Russian Federation.   In the US, wheat stocks as of September 1 amounted to 54 million tons, which was 5.9 million tons higher than the corresponding figure last year, but turned out to...

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 22000 Wheat mill offals 4000 155 170 Mustard seeds 25000 ↑ 750 Peas 13000 12800 7150 Buckwheat 9000 ...

Rains hit the Canadian prairies last week, delaying the canola harvest. This can degrade the quality of the crop and reduce its potential.   As of September 24, in the province of Saskatchewan, canola has been harvested on 55% of the area (82% last year), in Alberta - on 48.5%, and in Manitoba - on 55% of the area.   According to forecasts, this week the rains will stop and temperatures will drop, followed by dry and warm weather that will speed up the...

Purchase prices for sunflower in Ukraine continue to rise against the backdrop of lower harvest forecasts and higher prices for meal and oil.   As of September 26, 6.66 million tons of sunflower were threshed from 3.268 million hectares or 66% of the area with a yield of 2.04 tons/ha, which is inferior to last year. It is already clear that the total harvest will be less than the 12.5 million tons predicted by the USDA and the 15.5 million tons harvested in 2023/24...