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India's food grain production reached a record 332.22 million tons in the 2023/24 marketing year, which ended in June, thanks to bumper wheat and rice crops, the Ministry of Agriculture reported on Wednesday. The final estimate for 2023-24 shows an increase of 2.61 million tons compared to the previous year's 329.6 million tons, the ministry said in a statement.   Rice production reached a record 137.82 million tons, up from 135.75 million tons in 2022-23.   The...

According to forecasts by analysts from the Rosario Grain Exchange, in the 2024/25 marketing year, under favorable weather conditions, Argentina's total production of grains and oilseeds could reach 143.2 million tons. This is 9% more than in the previous year.   Specifically, the soybean harvest is expected to reach 52.6 million tons compared to 50 million tons in the last season. Sown areas under soybeans may increase by 8% over the year, partially due to a 21% reduction in...

Lack of precipitation in eastern Ukraine and southwestern Russia is holding back winter wheat planting, while dry conditions in central Brazil are delaying corn and soybean planting. This has led to a speculative rise in stock market prices in recent weeks.   Brazil's southern regions received rain this week, which will help planting, but central areas remain too dry. In the state of Mato Grosso, short-term rainfall is expected next week, but it is not enough to overcome the...

It's hard to overestimate China's impact on global grain markets. For decades, a large population, rapid economic growth, and limited domestic production have led to a sharp increase in imports of grains and oilseeds.   In the 2023-24 marketing year, China holds the top position in imports of wheat, corn, sorghum, barley, and soybeans, importing 111.5 million tons of soybeans (63% of the global volume). Since 2000, the combined import of corn, wheat, and soybeans has...

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 20000 Wheat mill offals 4000 155 ↑ 10 170 Mustard seeds 24250 Peas 13000 12800 7150 Buckwheat 9000 ...

Fears of an open war between Israel and Lebanon after strikes on Hezbollah, as well as escalation with Iran, did not materialize, reducing speculative pressure on oil prices.   The new president of Iran stated that he never supported Russia's aggression against Ukraine, did not transfer weapons to Russia during his tenure, and wants to hold negotiations with the West to restore relations. In addition, he began to reinstate dismissed opposition university...

Last week, export demand prices for fodder barley in Black Sea ports rose to UAH 8,000-8,100/t or $170-172/t, which corresponds to the price level at the beginning of the season. However, they remain $15-20/t lower than feed wheat and corn prices.   In September, China sharply reduced its purchases of barley to support local producers, which immediately reduced the pace of Ukrainian barley exports.   In FY 2024/25 (as of September 25), Ukraine exported 1.245 million tons...

The Unión de Uniones organization, which protects the interests of Spanish farmers, will hold a rally in the port of Santander on September 25 with the demand to strengthen control over the ever-growing import of products from Ukraine, which leads to a decrease in domestic grain prices. A similar rally was held on September 23 in Madrid near the European Union building.   In 2023, Spain imported 8.4 million tons of Ukrainian grain, and in the first half of 2024 - almost 6.5...