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In anticipation of further price reductions, the Egyptian GASC purchased only two batches of European wheat
21.03.2024
On March 20, the state-owned Egyptian operator GASC held an international tender for the purchase of flour wheat with delivery on May 5-15, at which prices almost did not decrease, and the volume of purchases turned out to be insignificant. It will be recalled that on March 7, GASC canceled the tender, although the prices of the proposals submitted for it were significantly lower than at previous tenders. At yesterday's tender, the prices of deferred payment offers fell...
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Purchase prices for grains in Ukraine on March 20, 2024
20.03.2024
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, $ FOB, $ DAF, $ CIF, $ Wheat mill offals 2150 Peas 11500 11600 10000 Buckwheat 9750 Rye 6000 Sugar beet pulp gran 5500 ...
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Argentina has started harvesting and Brazil has finished planting corn
20.03.2024
According to the Buenos Aires Grain Exchange, as of March 13, 1.99 million tons of corn were threshed in Argentina from 229,000 hectares or 3% of the planned area (2% last week, 7% on average over 5 years) with a yield of 8.71 tons /Ha. During the week, as a result of heavy rains, the number of corn crops in good or excellent condition decreased from 29% to 25%, in satisfactory condition it remained at 58%, and in poor or very poor condition it increased from 13% to...
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The Malaysian Palm Oil Board expects prices to fall in April under pressure from reduced demand
20.03.2024
The Malaysian Palm Oil Board (PMOB) forecasts that crude palm oil (CPO) prices will return to the range of RM3,800-4,000/t in April 2024 (from the current RM4,250/t) under pressure from active soybean oil supplies from South America and gradual seasonal recovery of palm oil production in Malaysia. The premium for palm oil compared to other vegetable oils has outpaced soybean and sunflower oil prices on the European market since February. According to MROS, palm oil currently trades...
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Analysts expect the USDA to raise estimates of US corn acreage
20.03.2024
The market expects USDA experts to revise the U.S. planted acreage forecast, especially in case of warm weather in the coming weeks, Agrisencus reports. According to preliminary forecasts released on February 15, in 2024 in the US, the area under corn will decrease by 3.8% compared to last year to 91 million acres, under wheat - by 5.3% to 47 million acres, while under soybeans will increase by 4.7% to 87.5 million acres. USDA will release updated acreage projections...
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Purchase prices for grains in Ukraine on March 19, 2024
19.03.2024
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, $ FOB, $ DAF, $ CIF, $ Wheat mill offals 2150 Peas 11500 11600 10000 Buckwheat 9750 Rye 6000 Sugar beet pulp gran 5500 ...
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World wheat prices remain under supply pressure, although they continue to rise in Ukraine
19.03.2024
In Ukraine, the purchase prices for food wheat with delivery to the Black Sea ports due to a shortage of offers increased during the week by $5-8/t to $165-170/t or UAH 7,200-7,400/t. Prices for fodder wheat, against the background of a significant supply, remained at the level of $145-148/t, but prices in hryvnia increased by 100-200 UAH/t to 6250-6350 UAH/t thanks to the increase in the dollar exchange rate by 1.5%. Export of wheat from Ukraine for March 1-18 amounted to 1.13...
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The interbank exchange rate of the dollar reached a record 39 UAH/$
19.03.2024
On March 18, the National Bank of Ukraine increased the dollar rate against the hryvnia by 17.46 kopecks to 38.9744 UAH/$, and the euro by 20.18 kopecks to 42.447 UAH/€, which are historical highs. On the interbank exchange, the dollar rose in price yesterday by 19 kopecks to UAH 38.98-39.00/$ (buying/selling), and on the cash market - by 40 kopecks to UAH 39.15/$. At the same time, the NBU considers the currency deficit on the interbank exchange insignificant and continues...
