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Chairman of the Verkhovna Rada Committee on Finance, Tax and Customs Policy, D. Hetmantsev, reported that the National Bank has extended the terms of return of foreign currency proceeds from the sale of agricultural products from 90 to 120 days. Such a decision should support exporters who are opening new sales markets in Asian and African countries.   In April, D. Hetmantsev sent a letter to the Cabinet of Ministers in which he proposed to increase the deadline for returning foreign...

In 2023, compared to 2022, China increased its pea imports by 64.2% to 2.656 million tons in physical terms and by 22.22% to $1.046 billion in monetary terms. From January to April 2024, he increased the import of peas compared to the same period in 2023 by 1.4% to 488.2 thousand tons, but its value decreased by 13.7% to $1.97 million.   According to the Union of Grain Exporters, in 2023/24 the Russian Federation became the main supplier of peas to China with a share of 49.1% or 1.13...

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 30000 Wheat mill offals 3750 160 Mustard seeds 425 Peas 13067 ↑ 217 10604 263 280 Buckwheat 500 ...

After a tumultuous two-week rise in rapeseed prices in Paris by 10%, analysts had expected a 2-3% decline, but over the last two sessions, quotations fell by 5.3% under the pressure of falling oil prices, as well as soybean and palm oil.   Investment funds actively sold contracts, locking in profits, but the general decline in the oil complex strengthened the technical selling of futures.   Yesterday, August rape futures fell by 2.4% to €482/t or $521.5/t (+3.6% for...

Ahead of the USDA's July report, analysts are publishing their own forecasts, according to which the US corn crop will increase by 6.5 million tons to 383.9 million tons compared to June's estimate, thanks to the expansion of planted areas. It is also expected that there will be an increase in the estimate of ending stocks in FY 2023/24, which will negatively affect prices.   Against the background of favorable weather for crops, December corn futures in Chicago fell 14.4%...

After a speculative gain of 11% since the start of July, soybean oil futures fell yesterday amid an improvement in the state of the US soybean crop and traders taking profits.   August soybean futures on the Chicago Mercantile Exchange fell 4.3% to $1,020/t yesterday, giving up a week's gain but still remaining 5% higher than a month ago.   According to USDA's NASS, the number of U.S. soybeans in good or excellent condition increased 2% to 68% for the week (51%...

By the end of August, the Ministry of Agriculture of Great Britain plans to complete work on the method of verification of grain grown in Ukraine, which will allow to determine whether the Russian Federation is exporting grain stolen from Ukraine under the guise of its own.   Deputy Minister of Agricultural Policy of Ukraine V. Holovnya said that "a tripartite group created together with the Ministries of Agriculture of Great Britain and Lithuania is working on methods 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 CPT terminal, $ FOB, $ DAF, $ CIF, $ Vetch 30000 Wheat mill offals 3750 160 Mustard seeds 425 Peas 13067 ↑ 217 10604 263 ↑ 3 280 Buckwheat ...