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India has temporarily lifted all restrictions on the import of peas
12.12.2023
From December 8, 2023 to March 31, 2024, the Indian government lifted restrictions on the import of peas. The 50% duty was first introduced in November 2017, and already at the beginning of 2018, additional restrictions were introduced: the volume of imports should not exceed 150,000 tons per year, and the minimum import price was set at 200 rupees/kg or $2,400/t. Imported goods arrived only at the port of Calcutta. Analysts at Pulse Canada believe that the lifting of restrictions...
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Soybean sowing rates in Brazil are 4% lower than last year
12.12.2023
According to the AgRural agency, as of December 7, soybeans in Brazil have sown 91% of the planned area, which is 6% higher than last week, but 4% less than the 95% sown at this time last year. The situation remains the most difficult in the state of Mato Grosso, where the amount of precipitation is below normal and high temperatures worsen the prospects for the harvest. The lack of rainfall and heat in the north and northeast of the country is also beginning to worry...
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Purchase prices for grains in Ukraine on December 11, 2023
11.12.2023
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, $ FOB, $ DAF, $ CIF, $ Wheat mill offals 800 Peas 8750 Buckwheat 7500 Corn 5894 4653 ↓ 41 3942 ↑ 69 155 138 195 ↑ 17 Wheat flour, class 1 ...
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The USDA lowered its soybean production forecast but raised its canola production forecast
11.12.2023
In a December report, USDA experts lowered their forecast for world oilseed production by just 0.46 million tons to 661 million tons, due to a decline in the soybean crop in Brazil, which will be offset by an increase in canola crops in Canada and Australia. Compared to the November estimates, the December soybean balance for the 2023/24 MR underwent the following changes: The estimate of initial stocks was raised by 1.6 to 101.92 (98.06) million tons, following an increase in...
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Higher corn export and inventory estimates in the USDA report added pressure on quotes
11.12.2023
In a December report, USDA experts raised their 2023/24 FY 2023/24 global corn production, consumption and inventory estimates to record levels, which will put upward pressure on prices in the near term. But difficult weather conditions in Brazil during the sowing of the second crop of corn may support the quotation. Compared to the November estimates, the December corn balance for the 2023/24 MR underwent the following changes: The estimate of initial reserves was increased...
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How the agricultural sector of Ukraine survives in the conditions of the second year of full-scale war
11.12.2023
Ukrainian agrarians received a difficult challenge - to restore agriculture in the conditions of war. However, behind better indicators than in 2022, large financial losses are actually hidden due to export restrictions and low grain prices in Ukraine. The production of most agricultural crops is unprofitable, therefore, in the absence of changes next year, the industry will not achieve positive dynamics. So far, there is no question of achieving pre-war indicators, but compared to 2022, the...
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USDA Raises World Wheat Production, Consumption and Export Forecasts, But Lowers 2023/24 Stocks Estimate
11.12.2023
In a December report, USDA experts raised their forecasts for world wheat production and exports for the first time after four months of declines, sending wheat prices, which hit a four-month high last week, down slightly. Upgrading crop and export forecasts for Canada and Australia will put upward pressure on prices in the near term, especially amid a possible increase in Argentina's crop and new export policies. Compared to the November estimates, the December...
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Purchase prices for grains in Ukraine on December 8, 2023
08.12.2023
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, $ FOB, $ DAF, $ CIF, $ Wheat mill offals 800 Peas 8100 Buckwheat 7500 Rye grade II 4500 Corn 5894 ↑ 38 4700 ↑ 12 3883 ↓ 52 155 ...
