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Purchase prices for grains in Ukraine on June 11, 2024
11.06.2024
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 3850 Peas 12250 Rye grade IV 5500 Sugar beet pulp gran 155 Corn 7969 7065 7500 6284 175 190 ...
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Palm and Soybean Oil Prices Decline Slightly Due to Increased Production
11.06.2024
Over the past week, palm and soybean oil prices have shown a slight decline due to data on increased production in Malaysia and the completion of soybean harvesting in Brazil and Argentina, which increased the supply of soybean oil. According to estimates by The Farm Trade, a consulting and trading firm based in Kuala Lumpur, palm oil production in Malaysia in May sharply increased by 13.48%, leading to a rise in palm oil stocks in Malaysia to a three-month high despite relatively...
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Wheat prices dropped by another 2-3.4% due to accelerated harvesting in the USA
11.06.2024
The week began on global exchanges with continued declines in wheat prices, with soft winter wheat in Chicago leading the fall, losing 3.4% yesterday and 13% for the month due to accelerated harvesting and good yield data. According to NASS USDA, as of June 9, winter wheat in the USA has been harvested on 12% of the area compared to 7% last year and 6% on average over 5 years, while spring wheat has been sown on 98% of the planned area (96% last year and on average over 5 years)....
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Russian Sunflower Oil Displaces Ukrainian Oil in the Markets of India and China
11.06.2024
Russian oil has started to significantly dominate the key market for Ukrainian oil – the Indian market. This was reported by Andriy Kupchenko, head of business projects at IA "APK-Inform," at the third international fat-and-oil conference "FOC 2024: Fats and Oils Conference," held on June 7 in Almaty. "Since 2022, the global market has been witnessing a redistribution of sunflower oil flows, directly related to logistical constraints in Ukraine. In...
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Purchase prices for grains in Ukraine on June 10, 2024
10.06.2024
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 3850 Peas 12250 Rye grade IV 5500 Sugar beet pulp gran 155 Corn 7969 7065 6257 178 ↑ 1 190 ...
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Wheat prices dropped by another 1.8-2%, with an overall decrease of 6.5-8.2% for the week due to news from Turkey and Egypt
10.06.2024
After a two-month speculative rise in wheat prices due to reduced yields in Russia, last week prices actively declined due to profit-taking by traders. The decline accelerated following news of Turkey's wheat import ban and Egypt's reduced import forecast. An additional factor was the announcement by Russia's Deputy Minister of Agriculture about reseeding 800 thousand hectares of spring crops and minimizing the impact of frost on production. On Friday, July...
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The world's leading wheat importer reduces its import forecast and raises subsidized bread prices for the first time in 10 years
10.06.2024
Egypt's Minister of Supply and Internal Trade, Ali Al-Moselhi, announced that the Egyptian government plans to cut wheat imports in 2024 by 17% to 5 million tons, compared to the previous forecast of 6 million tons. This decision is due to the revision of the target volume of domestic grain purchases in Egypt for the current season from 3.5 million to 3.7 million tons. The government has already purchased 3.4 million tons and continues to buy grain from local producers until August...
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In May, the FAO Food Price Index increased: the decline in sugar and vegetable oil prices did not offset the rise in cereal and dairy prices
10.06.2024
The FAO Food Price Index (FFPI) reached 120.4 points in May 2024, up 0.9% from April. The rise in cereal and dairy prices offset the decline in sugar and vegetable oil prices, while meat prices remained almost unchanged. Despite the third consecutive month of growth, the FFPI is still 3.4% lower than in May last year and 24.9% below its peak in March 2022. The average FAO Cereal Price Index in May was 118.7 points, 6.3% higher than in April but 8.2% lower than in May 2023. World...
