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India, the world's largest buyer of vegetable oils, will continue to import them at a reduced duty for another year, until March 25, 2025, to curb rising prices in the domestic market.   Experts expected such a decision by the authorities on the eve of the elections, but believe that it will not affect the volume of imports and domestic prices.   We will remind that in order to reduce food prices, the country's authorities banned the export of non-basmati wheat and...

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 2400 ↑ 33 Peas 9500 9500 Rye 5000 4500 Corn 6477 ↓ 101 4997 ↓ 62 4416 729 ↑ 573 145 ↓ 2 203 rapeseed...

The difficult situation in the Red Sea keeps oil prices high, and new Houthi attacks on civilian ships and Iran's shelling of US bases in Iraq will increase tensions in the region.   During the week, March Brent crude futures rose 2.7% to $78.3/barrel, in line with last month's level, although they were above the psychological level of $80/barrel at the end of last year. World demand for oil remains quite low.   In the January report, USDA experts reduced the...

An unexpected increase in the USDA's January report of forecasts of world corn production and stocks in FY 2023/24 led to a drop in stock market quotations, which increased the pressure on purchase prices in Ukraine.   In December, against the background of the stable operation of the Black Sea corridor and ports, the export demand for corn in Ukraine increased significantly, as a result of which purchase prices rose to $158-162/t with delivery to Black Sea ports and to...

Farmers and transporters of neighboring EU countries continue to block the borders of Ukraine, which causes significant damage to the economy during the Russian invasion. Calls to cancel the duty-free import of goods from Ukraine to the EU are becoming more and more active, but the stable operation of the Black Sea Corridor makes it possible to increase export volumes.   From January 15, Romanian farmers resumed the blockade of the Porubne - Siret crossing, and began to block the...

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 2367 Peas 9500 9500 Rye 5000 4500 Corn 6594 ↑ 25 5059 4416 159 ↑ 2 180 145 ↓ 2 203 Oats 180...

In the January report, USDA experts almost did not change the forecast of world production of soybeans, as the decrease in the harvest in Brazil was compensated by its increase in Argentina, the United States, China, the Russian Federation, Bolivia and Paraguay.   In comparison with the December estimates, the January soybean balance for 2023/24 MR has undergone the following changes:   The estimate of initial reserves remained at the level of 101.87 (98.03) million...

In a January report, USDA experts unexpectedly raised their 2023/24 FY 2023/24 global corn production, consumption and stocks forecasts to record highs, sending prices crashing. However, they left Brazil's crop forecast unchanged, although local agencies significantly lowered their estimates.   According to the report, March corn futures fell on the Chicago exchange by 2.4% to $176/t (-8.6% compared to the data after the December report), and on the Paris exchange - by 0.3 % to...