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Rising oil and meal prices support sunflower prices in Ukraine
06.09.2024
Dry and warm weather in Ukraine accelerates sunflower harvesting, but reduces its yield potential. Demand prices for sunflower oil with delivery to ports for the week increased by $10/t to $920-930/t, while at the Ukraine-Poland border prices fell to $910-915/t, although in August demand prices at the western borders exceeded those of the port. The increase in the supply of rapeseed oil in the EU significantly reduced the demand for Ukrainian oil from biodiesel producers, who...
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Purchase prices for grains in Ukraine on September 6, 2024
06.09.2024
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 Coriander 21500 Corn 8050 6520 ↑ 109 7500 7166 ↑...
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The purchase prices for corn in Ukraine are increasing in line with world quotations
06.09.2024
Export prices for corn in Ukraine are rising in line with global quotations amid forecasts of a reduced harvest and limited supply from producers. December corn futures on the Chicago Mercantile Exchange fell to their lowest level since 2020 on Monday, but have since risen 3.8% to $161.7/t (+1.5% for the month) on forecasts of heat in USA and a possible decrease in harvest in Ukraine, Argentina and Brazil. According to Reuters, in Argentina in the current season,...
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Deficiency of precipitation in the Black Sea countries, Brazil and the USA will strengthen the speculative influence on prices in the near future
06.09.2024
Dry and hot weather in August and September in Ukraine, Romania, the corn belt of the USA and in the south-west of the Russian Federation worsens the harvest potential of late crops and delays the sowing of winter crops. And the lack of rainfall in Brazil does not allow to start sowing soybeans. This week, the front brought scattered rains to Ukraine , which lowered the temperatures to normal. But the lack of precipitation during the next week will negatively affect sowing and the...
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Purchase prices for grains in Ukraine on September 5, 2024
05.09.2024
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 Coriander 21500 Corn 8050...
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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...
