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The European Union is increasing imports of sunflower and rapeseed meal from the Russian Federation and Belarus
08.03.2024
According to the European Commission, during the period July 1, 2023 - February 28, 2024, EU countries reduced the import of meal by 9% to 12.14 million tons compared to the same period of the previous season. However, if the import of soybean meal decreased by 13% to 9.63 million tons, the import of rapeseed increased by 22% to 625,935 thousand tons, and of sunflower - by 6% to 1.883 million tons. Almost 6.17 million tons of soybean meal or 64.1% of the total volume...
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Purchase prices for grains in Ukraine on March 7, 2024
07.03.2024
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, $ DAF, $ CIF, $ Wheat mill offals 2750 Peas 10750 10000 Buckwheat 9750 Rye 6000 Sugar beet pulp gran 5500 Green peas 19000 ...
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India will reduce the import of vegetable oils by 5% in the current season
07.03.2024
According to the forecast of the Indian Vegetable Oil Producers' Association (IVPA), in 2023/24, India will reduce the import of vegetable oils by 5% compared to the previous season, from 17.06 to 16.2 million tons. At the same time, the share of palm oil in the total volume of imports may decrease from 60% in the 2022/23 financial year to 54%, or even to 50% in the current season due to changes in the price situation. According to experts' forecasts, crude...
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Ukraine is ready for restrictions on trade with the EU, but calls on it to ban the import of grain from the Russian Federation
07.03.2024
In order to reduce political tension in relations with Poland, Ukraine is ready to accept restrictions on trade with the EU, but urges it to ban the import of grain from the Russian Federation, the Financial Times reports. Deputy Minister of Economy of Ukraine T. Kachka told the publication that the authorities will agree to limit the import of domestic agricultural products to the EU in the event of a ban on the latter's import of Russian agricultural products, which enter...
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After the tender in Algeria, wheat futures in the USA fell by another 1.6-3.9%
07.03.2024
Wheat quotations on world exchanges continue to fall, and after yesterday's tender in Algeria, they fell another 1-3.9%, not reacting to data on increased purchases by the main importing countries. In two sessions, wheat quotations in Kansas and Chicago fell by 4.4% and 6.3%, respectively, and on the European exchange - by 2.5%. Yes, yesterday the May futures for wheat fell: by 3.9% to $195.1/t - for soft winter SRW wheat in Chicago, by 2.4% to $204.4/t - for hard winter...
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Purchase prices for grains in Ukraine on March 6, 2024
06.03.2024
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, $ DAF, $ CIF, $ Wheat mill offals 2750 Peas 10750 10000 Buckwheat 9750 Rye 6000 Sugar beet pulp gran 5500 Green peas 19000 ...
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Wheat quotations fell by 1.6-2.4%, despite the deterioration of crops in the US
06.03.2024
In anticipation of the USDA's March report, wheat prices on global exchanges continue to fall, not reacting to forecasts of a reduction in the new season of wheat production, as well as ending stocks to a 10-year low. According to the NASS USDA weekly report, the number of winter wheat crops in good or excellent condition during the week decreased by 3% to 43% in Texas, by 5% to 65% in Oklahoma, and by 4% to 53% in Kansas. But traders are more concerned about the...
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Palm oil in India is already more expensive than soybean and sunflower oil
06.03.2024
Palm oil futures in Malaysia rose for two straight weeks on forecasts of reduced production and inventories in February. However, India's reduction in palm oil imports in favor of soybean and sunflower oil may stem the rise in prices. May palm oil futures on Bursa Malaysia yesterday rose 1.3% to 3,986 ringgit/t or $842/t (+1.5% on the week). Traders are waiting for a statistical report, where the estimate of oil reserves in the country may be reduced (for the first time in 6...
