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Last week, there was a speculative increase in wheat prices by 5.8-7.3% on world exchanges, caused by the aggravation of the situation in the Middle East and dry weather in the east of Ukraine and the south-west of the Russian Federation. But at the end of the week, traders began to take profits and the quotations decreased, so the weekly growth was 1.4-3.6%.   Yesterday, December futures rose: by 0.5% to $217.7/t – for soft winter SRW wheat in Chicago (+1.4% for the...

In the evening of October 7, the Russian Federation attacked Odesa with ballistic missiles and hit the civilian ship "OPTIMA" flying the flag of Palau, as a result of which one person died and several others were injured. This was announced by the head of Odesa OVA O. Kiper in his Telegram channel.   He said that a 60-year-old Ukrainian, an employee of a private cargo handling company, was killed as a result of shelling of the Odesa port infrastructure and hitting a...

Yesterday, the stock market continued to see a speculative rise in oil prices, caused by expectations of Israel's response to a missile attack by Iran. Israel has threatened to strike Iran's oil facilities, and Iran has said it will destroy other countries' oil terminals in response, leading to a war in the Middle East.   November Brent crude oil futures yesterday rose by 3.8% to a 3-month high of $81/barrel (+12.8% for the week), and US WTI crude oil rose by 3.6% 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 21500 Wheat mill offals 4000 160 Mustard seeds 24500 Peas 13000 13125 5900 Rye grade IV 6400 ...

During the week, oil prices rose by 9.1% on expectations of an escalation between Iran and Israel, which supported quotations of vegetable oils, especially palm (the futures of which rose by 6.1% on the Bursa exchange in Malaysia), as well as the prices of rapeseed and canola.   November rape futures on the Paris MATIF on Friday rose another 1.2% to €486.75/t or $534/t (+3.7% for the week and month), and February - to €493 /t (+3% for the week, +4.4% for the month). The...

Anticipation of Israel's response to a missile attack by Iran led to a speculative rise in oil prices, which supported palm oil quotes, despite forecasts of a reduction in demand in the near term.   December Brent oil futures on Thursday and Friday rose by 5.4% to $78/barrel (+9.1% for the week and for the month).   Following them, December palm oil futures on Bursa Malaysia rose another 2.8% to 4,300 ringgit/t or $1,020/t (+6.1% on the week) on Friday, ignoring data...

In September, compared to August, India cut palm oil imports by 34% to a six-month low of 530,000 tonnes, as its prices became higher than those of competing soybeans and sunflowers. Palm oil typically sells for less than other oils, but now prices for October delivery are outpacing competing oils.   At the same time, the country's authorities in mid-September increased the basic duty on the import of crude and refined vegetable oils by 20%, which forced some processors to...

In September, the growth of world prices for food products became the largest in the last 18 months. Thus, compared to August, the FAO Food Price Index increased by 3% to 124.4 p, which was 2.1% higher than in September 2023. Note that from March to May, food prices also increased, but the price indices remained lower than the corresponding indicators of 2023.   According to the FAO, the growth of the Food Price Index is due to a sharp increase in world sugar quotations by...