News

Wheat prices rose sharply yesterday by 2.5-4.6% to their highest levels in 1-3 months amid information about adverse weather in the US, China, and the Russian Federation and news about the possible involvement of the US in a war between Israel and Iran.   In the two largest wheat-producing regions of the Russian Federation (Krasnodar and Rostov), a state of emergency has been declared in some areas affected by drought.   Wheat harvesting is underway in China, but there is...

The weighted average purchase price of grains and oilseeds in Ukraine on CPT terminals, EXW elevators, CPT processors, FCA, CPT dollar, FOB, DAF, CIF In Ukraine, there is still little trading activity amid declining grain stocks and prices for the new harvest.   Global vegetable oil quotes on stock exchanges have risen amid a sharp rise in oil prices, but physical prices for soybean oil in China and Brazil and sunflower oil in Ukraine and India remain almost unchanged, as buyers are still...

July soybean oil futures in Chicago rose 6% to $1,112/t on Friday (+3% for the month) and have now reached $1,164/t (+11% from Thursday) amid a sharp 7% jump in oil prices caused by Israeli strikes on Iran and the US government's decision to sharply increase US biofuel production mandates for 2026 and 2027 by more than producers had requested.   The start of an open war between Israel and Iran and information about the possible US joining the strikes on Iran led to a sharp...

According to the UN FAO report "Food Outlook", the average price of a "basket" of nitrogen, phosphorus and potassium fertilizers in May 2025 was $437/t FOB, which is $118/t higher than the price in May 2024.   In 2024, the average price of three types of mineral fertilizers was $336/t, which was 10% higher than their cost in 2023, while in April 2022 it reached a record $815/t.   The increase in the cost of natural gas has the greatest impact on the...

Thanks to sufficient spring rainfall and favorable temperature conditions, Romania plans to harvest record wheat and rapeseed crops in 2025, Grain Central reports.   According to the forecast of the Romanian Agricultural Ministry, despite the reduction in the area sown with grain crops to the lowest level since 2012 of 2.13 million hectares, this year's harvest of winter crops should be a record.   The European Commission has raised its wheat yield forecast for Romania...

The weighted average purchase price of grains and oilseeds in Ukraine on CPT terminals, EXW elevators, CPT processors, FCA, CPT dollar, FOB, DAF, CIF The idea of the deputies to introduce a 10% duty on soybean and rapeseed exports starting July 1 could significantly reduce the prices of these crops in Ukraine in the coming week.   Forward prices for rapeseed in Ukraine increased by another $10-15/t in a week, although prices on the Paris stock exchange remained unchanged, while oil prices...

A speculative 9% increase in oil prices in a week due to Israel's open war with Iran is supporting biodiesel, rapeseed, and canola prices, especially given the reduced harvest forecast in Australia and new ideas to limit rapeseed exports from Ukraine.   Information about the US authorities' intentions to sharply increase the mandate for biodiesel production in the US in 2026 and 2027, but only for production from local oil, upset Canadian rapeseed oil exporters and led to a...

On June 13, Deputy Chairman of the Verkhovna Rada Committee on Economic Development Dmytro Kysylevsky and MP Andriy Motovylovets submitted amendments to draft law No. 13134 "On Amendments to the Tax Code of Ukraine on Expanding Patients' Access to Medicines Subject to Procurement by a Person Authorized to Make Procurements in the Healthcare Sector by Concluding Managed Access Agreements," which provide for the introduction of a 10% duty on the export of soybeans and rapeseed,...