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People's deputy of Ukraine Y. Zheleznyak reported in his Telegram channel that the Verkhovna Rada adopted draft law No. 3356-d on the mandatory use of biofuel in the transport sector, according to which starting in May 2025 gasoline must contain at least 5% liquid biofuel.   Ukraine's accession to the Energy Community obliges it to adopt relevant changes in legislation, therefore the new draft law creates a legal framework for the development of the sphere of production,...

The Egyptian state agency GASC held a wheat procurement tender on June 4, where it purchased 470,000 tons of wheat at a price $22.8/ton higher than at the previous auction on May 8.   The number of tender offers for Russian wheat fell sharply, and prices were different for the first time in many months. The offer of Romanian wheat increased significantly, and the offered batch of Ukrainian wheat was once again the cheapest. In general, offers were $16.5-$38/t higher than in May, so...

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 3200 Peas 12250 Rye grade IV 5500 Sugar beet pulp gran 155 Corn 7857 6969 6148 175 190 161 ...

The drop in oil prices by 3.4% to a 3-month low led to a sharp collapse in global quotations for vegetable oils and rapeseed.   August Brent oil futures on the London ICE Futures exchange yesterday fell by 3.4% to $78.4/barrel (-7.1% over 4 sessions). The drop in prices was exacerbated by the unexpected decision of OPEC+ to resume oil production in the 4th quarter, as well as negative data on the US economy. The May ISM manufacturing index unexpectedly fell by 0.5 to 48.7, although...

In May 2024, Ukraine reduced the export of agricultural products by 11% compared to April to 7.4 million tons.   May became the first during the period of full-scale invasion of the month, when exports decreased not under the pressure of external factors. The stable operation of the own sea corridor made it possible to make exports quite predictable, so some farmers began to hold back grain sales in anticipation of an increase in prices at the end of the season. The export volumes...

High prices for European wheat increase export demand for Ukrainian wheat, which rose in price by 25-30% during May.   During the week, the purchase prices for wheat in Ukraine increased by another 5-10 $/t and thanks to the growth of the dollar against the hryvnia, they reached 9700-10000 UAH/t or 215-220 $/t for food wheat and 8900-9200 UAH/t or 195 -$200/t for fodder with delivery to Black Sea ports.   Recent rains have improved the condition of crops in Ukraine, but...

The experts of the European Commission reduced the forecast of rapeseed production in 2024/25 MR by 0.3 to 19.1 million tons (19.7 million tons in 2023/24 MR), and corn – by 0.6 to 68.6 million tons, which will exceed last year's indicator by 9%, and the average 5-year indicator - by 3%. At the same time, imports are expected to decrease compared to the current season from 20 to 17.4 million tons.   The forecast of the soft wheat harvest in the EU in 2024/25 was left at the...

In 2023, the volume of world exports of peas reached the highest level in the last 20 years - almost 8 million tons, of which 41% were exported from the Russian Federation and 36% - from Canada, the analytical agency Russian Pulses Analytics reported.   According to the Europak company, in 2023 the Russian Federation exported 3.4 million tons of legumes, of which 28% were delivered to China, 21% to Turkey, and 5% to Pakistan.   According to Rosstat estimates, in 2023 the...