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The EU agreed on €50 billion in financing for Ukraine, which will support the hryvnia exchange rate
02.02.2024
Yesterday, the EU leaders agreed to allocate 50 billion euros in the form of macro-financial assistance to Ukraine, - announced the President of the European Council, Charles Michel. "The decision, which was supported by all 27 EU member states, will ensure stable, long-term, predictable financing of Ukraine. The EU, realizing what is at stake, takes leadership and responsibility in supporting Ukraine," Michel emphasized. In 2024, Ukraine needs to attract...
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Drought in Argentina and favorable weather in the US and Brazil will affect markets next week
02.02.2024
In the Midwest and Plains of the USA, warm weather has set in with temperatures of 0...+10 o C, which will continue next week and will slightly reduce the layer of snow on the fields. However, frosts are not expected in the near future, and precipitation in the form of snow and rain will replenish moisture reserves in the main regions of winter wheat cultivation. The Central, Southern and Northern Plains will experience heavy rain and snow over the next 3-5 days, reducing the...
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Ukrainian Black Sea exports for the second month exceed the best performance indicators of the grain corridor
02.02.2024
For the second month in a row, the export of Ukrainian agricultural products through the ports of the Black Sea exceeds the best performance indicators of the grain corridor, and the total volume of exports has reached the pre-war level. In January, Black Sea exports decreased by 10% compared to December, from 4.8 to 4.29 million tons, but both indicators exceed the record monthly grain corridor export volume of 4.1 million tons, achieved in October 2022. Chornomorsk...
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Purchase prices for grains in Ukraine on February 1, 2024
01.02.2024
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, $ Wheat mill offals 2650 80 Peas 9500 10300 230 Rye 5000 Corn 6288 ↑ 13 4930 4388 ↓ 54 148 170 144 ↓ 2 201 ↑ 1 Flax 20400...
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Crude oil and palm oil prices fell after US oil inventories recovered
01.02.2024
After a speculative rise in oil prices last week by 5%, quotes fell 2.5% yesterday on data on the recovery of oil inventories in the US, which led to lower prices of palm and soybean oil. According to the EIA weekly report, during January 20-26, crude oil production in the US increased by 5.7% compared to the previous week to 13 million barrels/day, which is very slightly inferior to the record 13.3 million barrels/day. Crude oil inventories rose by 1.23 million barrels, 5.1% lower...
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New technologies for the production of artificial meat will reduce the cost price
01.02.2024
From June 21, 2023, the US Department of Agriculture allowed the sale of artificially grown meat, namely chicken meat obtained in a laboratory bioreactor using stem cells. Before that, the sale of such products was allowed only in Singapore. So far, artificial meat cannot compete with natural meat, as it has a very high cost, but researchers are working on reducing the cost of production. According to NEW SCIENTIST, scientists managed to obtain artificial meat from...
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The European Commission proposes to continue duty-free trade with Ukraine with certain restrictions
01.02.2024
The European Commission proposed to extend the cancellation of quotas and import duties for the supply of Ukrainian products to the EU for another year, but at the same time to strengthen the protection of sensitive agricultural products of its own production, the press service of the agency reported yesterday. "This proposal is based on the EU's commitment to support Ukraine within the required period. The autonomous trade measures (ATM), introduced since June 2022, are a...
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Soybean oil and meal futures in China fell to 6-month lows
01.02.2024
Soybean oil and soybean meal futures on China's Dalian exchange fell for three straight sessions amid weaker demand and increased supply from South America. On Tuesday, May soybean oil contracts fell 3.8% to a 7-month low of 7,204 yuan/t, or $1,003.79/t, the biggest one-day decline in a year. Soybean meal futures fell to RMB 2,944/t, or $410.21/t, the lowest level since July 2023. The demand for these products is decreasing, as the Chinese have already...