-
In 2023/24, EU countries significantly reduced imports of rapeseed, sunflower and corn
11.07.2024
The European Commission published the final data on the import and export of products in the 2023/24 FY, according to which the EU countries significantly reduced the import of rapeseed, sunflower and corn, but increased the import of sunflower oil. According to ATREA BROKERS, compared to the previous season, imports to the EU in 2023/24 MR: sunflower - decreased by 65% from 2.2 million tons to 767 thousand tons (of which 423 thousand tons were delivered from Moldova, 226...
-
In 2023/24, Ukraine exported 57.5 million tons of grain and oil crops
11.07.2024
In the FY 2023/24, which ended on June 30, Ukraine exported 57.5 million tons of grain and oil crops. The total harvest, according to UZA estimates, amounted to 82.8 million tons, and transitional reserves are estimated at 7 million tons. The main event for Ukrainian exports in 2023 was the opening of the Ukrainian Humanitarian Corridor, which made it possible to export products from the deep-sea ports of Odesa by sea. The second most important factor was the introduction, in...
-
According to the forecast of the Ministry of Agriculture, the yield of winter wheat and barley will be 5-7% lower than last year
11.07.2024
"Thanks to the warm weather, the harvest in Ukraine began 2 weeks earlier than usual, and so far farmers have already collected more than 4 million tons of winter wheat, barley, rapeseed and peas," said Acting Director Minister of Agricultural Policy T. Vysotskyi. Despite constant shelling from the Russian side, harvesting is very intensive, which allows us to hope for a good harvest at the level of 56 million tons. More than 10% of the total gross harvest...
-
The dollar on the interbank exchange rate broke the record, and the period for the return of foreign exchange earnings from agricultural products was increased to 120 days
11.07.2024
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...
-
Canada lost its position as the leader in the supply of peas to China in 2023/24 MY
10.07.2024
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...
-
Purchase prices for grains in Ukraine on July 10, 2024
10.07.2024
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 ...
-
Rape prices in Paris fell by another 2.4%
10.07.2024
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...
-
Corn prices remain under pressure from Brazil's harvest and forecasts of higher US harvests
10.07.2024
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%...
