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Egypt bought sunflower oil 9% cheaper than in the previous tender
17.08.2023
Over the past month, demand and prices for vegetable oils have been rising against the backdrop of a ban on exports from Ukraine and forecasts of reduced harvests of canola in the EU and soybeans in the US due to drought. Therefore, traders closely followed the tender in Egypt, which was supposed to determine the current price trends. Egypt's GASC this week announced local and international tenders for the purchase of vegetable oils with delivery September 20 - October 5 and...
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Ammophos: the benefits and importance of mineral fertilizers for agriculture
17.08.2023
Ammophos is a complex mineral fertilizer, the main components of which are ammonium and phosphorus. Ammophos is highly effective as a phosphate fertilizer for plants. This dual soil fertilizer works well with other types of fertilizers and is suitable for all crops. This mineral fertilizer has biological acidity, so it is applied to acidify and fertilize soils with a low content of phosphorus and a high concentration of potassium. Concentrated soluble fertilizer Ammophos well...
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Purchase prices for grains in Ukraine on August 17, 2023
17.08.2023
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 3150 Mustard seeds 55000 Peas 8500 10000 7000 100 196 145 Buckwheat 14000 1111 Corn 5933 5500 4718 ↑ 6 170 223...
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Despite the decline in forecasts for global barley production, prices remain quite low
16.08.2023
Demand prices for barley have recently started to rise amid curbs on sales by producers who initially sell canola to replenish working capital, delaying sales of wheat and barley until the volume of the new crop becomes clear. We will remind that in the August report USDA experts reduced the forecast of world barley production in 2023/24 MR by 3.2 million tons to 142.6 million tons (152 million tons in 2022/23 MR), in particular for EU countries - by 2 to 48 .4 million tons, the...
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Oil falls amid falling demand in China, but India supports vegetable oil market with active imports
16.08.2023
Since Monday, oil prices have fallen by 2.2-2.5% amid pessimistic data on the Chinese economy and a gradual decline in demand. China cut its crude oil imports in July by 19% from June to a six-month low of 10.33 million barrels per day, while the country's oil inventories rose to a record 1.02 billion barrels on July 27. Industrial production in China rose 3.7% in July, compared to expectations of 4.3%, and retail sales rose 2.5% (against expectations of 4%), the slowest growth...
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The terrorist country of the Russian Federation again attacked the ports of Izmail and Reni with drones in order to raise world grain prices
16.08.2023
On the night of August 16, the Russian Federation again attacked the Danube ports of Reni and Izmail with Iranian Shahed attack drones, which were launched in two waves and moved from the Black Sea through the mouth of the Danube along the same route as the previous ones. The Air Force of Ukraine warned about the threat of missile strikes, in particular of the ballistic type, and the enemy's use of "Shakhed" attack drones. Military air defense systems of the Armed...
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Purchase prices for grains in Ukraine on August 16, 2023
16.08.2023
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 EXW elevators, UAH CPT processor, UAH FCA, UAH CPT terminal, $ DAF, $ CIF, $ Wheat mill offals 3150 Peas 10000 100 196 145 Buckwheat 14000 1111 Corn 5933 4712 170 165 223 ↑ 5 rapeseed cake 800 Soybeen cake 17550 ...
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The freight cost of barges on the Danube has more than doubled
15.08.2023
Before the Russian Federation began shelling the Danube ports, the cost of barge freight was 18 €/t, while now it reaches 44 €/t, Dmytro Kazanin, the owner and head of the logistics and forwarding company Teus, told Latifundist in an interview about as reported by Rail.insider. "Shipping continues, and quite actively. The cost of sea freight increased, but to a much greater extent - barge freight. If sea vessels are heading in different directions: to Cyprus, Egypt,...
