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The drop in oil prices by 3.4% to a 3-month low led to a sharp collapse in global quotations for vegetable oils and rapeseed.   August Brent oil futures on the London ICE Futures exchange yesterday fell by 3.4% to $78.4/barrel (-7.1% over 4 sessions). The drop in prices was exacerbated by the unexpected decision of OPEC+ to resume oil production in the 4th quarter, as well as negative data on the US economy. The May ISM manufacturing index unexpectedly fell by 0.5 to 48.7, although...

In May 2024, Ukraine reduced the export of agricultural products by 11% compared to April to 7.4 million tons.   May became the first during the period of full-scale invasion of the month, when exports decreased not under the pressure of external factors. The stable operation of the own sea corridor made it possible to make exports quite predictable, so some farmers began to hold back grain sales in anticipation of an increase in prices at the end of the season. The export volumes...

High prices for European wheat increase export demand for Ukrainian wheat, which rose in price by 25-30% during May.   During the week, the purchase prices for wheat in Ukraine increased by another 5-10 $/t and thanks to the growth of the dollar against the hryvnia, they reached 9700-10000 UAH/t or 215-220 $/t for food wheat and 8900-9200 UAH/t or 195 -$200/t for fodder with delivery to Black Sea ports.   Recent rains have improved the condition of crops in Ukraine, but...

The experts of the European Commission reduced the forecast of rapeseed production in 2024/25 MR by 0.3 to 19.1 million tons (19.7 million tons in 2023/24 MR), and corn – by 0.6 to 68.6 million tons, which will exceed last year's indicator by 9%, and the average 5-year indicator - by 3%. At the same time, imports are expected to decrease compared to the current season from 20 to 17.4 million tons.   The forecast of the soft wheat harvest in the EU in 2024/25 was left at the...

In 2023, the volume of world exports of peas reached the highest level in the last 20 years - almost 8 million tons, of which 41% were exported from the Russian Federation and 36% - from Canada, the analytical agency Russian Pulses Analytics reported.   According to the Europak company, in 2023 the Russian Federation exported 3.4 million tons of legumes, of which 28% were delivered to China, 21% to Turkey, and 5% to Pakistan.   According to Rosstat estimates, in 2023 the...

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 3200 Peas 12250 Rye grade IV 5000 Sugar beet pulp gran 155 Corn 7857 6969 6114 174 190 146...

Oil prices continue to fall in anticipation of a settlement of the conflict between Israel and Hamas, and forecasts of a reduction in US oil demand, not reacting to the reduction in US inventories and the OPEC+ decision.   At the OPEC+ meeting on June 2, it was decided to extend the agreement to reduce oil production by 2 million barrels/day until the end of 2025. In 2024, all OPEC+ members are allowed to produce 39.425 million barrels/day, and from January 2025 the quota will...

In less than 5 months, Ukrainian sugar producers have already exhausted the annual quota for sugar deliveries to the EU. Ukrtsukor proposes to stop exports to the EU until 2025, and the Cabinet of Ministers introduces a zero quota for sugar exports to Europe from June 1, although other markets are open for exports.   However, the export potential is approximately 1 million tons, so it is necessary to look for new buyers, especially since farmers have significantly increased the area...