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An increase in forecasts of world production could turn sugar prices downward
16.11.2023
Compared to previous estimates, the International Sugar Organization (ISO) increased the forecast of world sugar production in 2023/24 from 174.8 to 179.9 million tons, and lowered the forecast of the sugar deficit from 2.1 million tons to 335,000 tons. Increase production in Brazil offsets its reduction in Asia. However, so far, prices have not reacted to delays in deliveries from Brazil due to the country's ports being overloaded with soybeans and corn. It will be recalled...
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Ukraine and British insurance companies have developed a mechanism for covering risks in the Black Sea corridor
16.11.2023
Ukraine, together with a pool of insurance companies and the British government, has developed a mechanism for covering war risks in the Black Sea corridor, which will make it more accessible to exporters, - said Prime Minister of Ukraine D. Shmyhal. "The agreements between President Zelenskyi and Prime Minister of Great Britain Rishi Sunak helped Ukraine, together with British insurance companies, to develop a mechanism that will reduce the cost of insurance against war risks...
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Purchase prices for grains in Ukraine on November 15, 2023
15.11.2023
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 900 105 Mustard seeds 550 Peas 8500 212 Buckwheat 9500 Rye grade II 4500 Green peas 5000 ...
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In 2023, Ukraine imported the largest amount of fertilizers in 2 years
15.11.2023
For 10 months of the current year, Ukraine imported almost 2 million tons of fertilizers, which is the largest indicator of the last two years. Experts expect that fertilizer consumption will also be a record this year. Nitrogen fertilizers accounted for the lion's share of imports, and the share of NPK and NP fertilizers increased significantly compared to 2022. Currently, the import of fertilizers is: N – 1030.4 thousand tons, NPK – 442.7...
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Palm and soybean oil quotes for the week rose by 5-6% on the background of heat in Brazil
15.11.2023
A wave of dry and hot weather forecast for the coming days in the central part of Brazil has led to a speculative increase in quotations for vegetable oils. During the week, soybean and palm oil prices rose by 5-6%, despite the increase in oil stocks in India and Malaysia. After three weeks of stability, January palm oil futures on Bursa Malaysia yesterday rose 2.6% to 3,905 ringgit/t or $828/t (+4.9% on the week) following soybean oil prices which becomes more expensive against...
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Blocking exports from Ukraine to Poland additionally supports rapeseed prices in the EU
15.11.2023
Negotiations between representatives of Polish carriers and the Ukrainian authorities, which took place on November 13, have not yielded results yet. It seems that the strikers will block the border for a long time. This has already led to a disruption in export truckloads of rapeseed to the EU and an increase in domestic demand and rapeseed prices. In general, factories in the EU are provided with raw materials until the new year, but the stoppage of exports from Ukraine creates a shortage on...
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Purchase prices for grains in Ukraine on November 14, 2023
14.11.2023
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 900 105 Mustard seeds 550 Peas 8500 212 Buckwheat 9500 Rye grade II 4500 Green peas 5000 ...
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The drop in freight rates for transportation from the ports of Great Odesa stopped after the attack on the ship by the Russians
14.11.2023
After the attack by the Russian Federation on a cargo ship in the port of Odesa region, the markets were shaken by a new wave of concern regarding the further export of Ukraine, Atria Brokers reports. At the end of last week, the situation on the chartering market remained uncertain, and the drop in rates for transportation from the deep-sea ports of Odesa, which was observed in the previous few weeks, stopped. As of November 10, the freight rates for the...