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Despite the decrease in the offer prices, the Egyptian GASC canceled the tender for the purchase of wheat
08.03.2024
On March 7, the Egyptian GASC held an international tender for the purchase of wheat with delivery on May 1-10, for which applications were submitted at a lower price than in previous auctions. But in the end the tender was cancelled. The purchase price at the previous tender was $30.5/t lower than at the auction on January 17, primarily due to cheap offers of Ukrainian wheat at a price of $222 (229.75 at the previous auction) $/t FOB with payment in 180 days and 229, 9 (244.75)...
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The European Union is increasing imports of sunflower and rapeseed meal from the Russian Federation and Belarus
08.03.2024
According to the European Commission, during the period July 1, 2023 - February 28, 2024, EU countries reduced the import of meal by 9% to 12.14 million tons compared to the same period of the previous season. However, if the import of soybean meal decreased by 13% to 9.63 million tons, the import of rapeseed increased by 22% to 625,935 thousand tons, and of sunflower - by 6% to 1.883 million tons. Almost 6.17 million tons of soybean meal or 64.1% of the total volume...
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Purchase prices for grains in Ukraine on March 7, 2024
07.03.2024
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, $ DAF, $ CIF, $ Wheat mill offals 2750 Peas 10750 10000 Buckwheat 9750 Rye 6000 Sugar beet pulp gran 5500 Green peas 19000 ...
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India will reduce the import of vegetable oils by 5% in the current season
07.03.2024
According to the forecast of the Indian Vegetable Oil Producers' Association (IVPA), in 2023/24, India will reduce the import of vegetable oils by 5% compared to the previous season, from 17.06 to 16.2 million tons. At the same time, the share of palm oil in the total volume of imports may decrease from 60% in the 2022/23 financial year to 54%, or even to 50% in the current season due to changes in the price situation. According to experts' forecasts, crude...
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Ukraine is ready for restrictions on trade with the EU, but calls on it to ban the import of grain from the Russian Federation
07.03.2024
In order to reduce political tension in relations with Poland, Ukraine is ready to accept restrictions on trade with the EU, but urges it to ban the import of grain from the Russian Federation, the Financial Times reports. Deputy Minister of Economy of Ukraine T. Kachka told the publication that the authorities will agree to limit the import of domestic agricultural products to the EU in the event of a ban on the latter's import of Russian agricultural products, which enter...
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After the tender in Algeria, wheat futures in the USA fell by another 1.6-3.9%
07.03.2024
Wheat quotations on world exchanges continue to fall, and after yesterday's tender in Algeria, they fell another 1-3.9%, not reacting to data on increased purchases by the main importing countries. In two sessions, wheat quotations in Kansas and Chicago fell by 4.4% and 6.3%, respectively, and on the European exchange - by 2.5%. Yes, yesterday the May futures for wheat fell: by 3.9% to $195.1/t - for soft winter SRW wheat in Chicago, by 2.4% to $204.4/t - for hard winter...
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Purchase prices for grains in Ukraine on March 6, 2024
06.03.2024
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, $ DAF, $ CIF, $ Wheat mill offals 2750 Peas 10750 10000 Buckwheat 9750 Rye 6000 Sugar beet pulp gran 5500 Green peas 19000 ...
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Wheat quotations fell by 1.6-2.4%, despite the deterioration of crops in the US
06.03.2024
In anticipation of the USDA's March report, wheat prices on global exchanges continue to fall, not reacting to forecasts of a reduction in the new season of wheat production, as well as ending stocks to a 10-year low. According to the NASS USDA weekly report, the number of winter wheat crops in good or excellent condition during the week decreased by 3% to 43% in Texas, by 5% to 65% in Oklahoma, and by 4% to 53% in Kansas. But traders are more concerned about the...