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Global sugar prices continued to rise during the month, hitting 12-year highs on September 14 and 19 in New York and London amid forecasts of a cut in global sugar production.   The world's largest sugar trader, Alvean, said on September 5 that it estimates a global sugar deficit of 5.4 million tonnes in 2023/24, the sixth consecutive year of deficit, as India may limit sugar exports and in Thailand farmers instead sugar cane is preferred to growing the more profitable...

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 122 1350 Mustard seeds 621 ↓ 14 Peas 7400 265 ↑ 14 Corn 4375 3913 135 135 208 ↑ 8 Flax 430 Soybeen cake 12000 400 348 ...

Urea prices in Ukraine rose at the beginning of September and remained at a high level during the month, but from Tuesday they immediately decreased by 17% or 4 thousand UAH/t to 20 thousand UAH/t SRT, and in general in 2023 the price fell by 47%, the company Barva Invest reports in its weekly report.   Demand for urea has been low in recent weeks, so the price drop did not surprise the market, especially since trading companies sold Ukrainian products at lower than recommended...

In the October report, USDA experts increased the forecast of global production of sunflower oil in 2023/24 from 21.65 to 22.03 million tons, which will exceed the 21.5 million tons of the 2022/23 season, compared to the September estimates.   Thus, for Ukraine, the forecast was increased by 379 thousand tons to 6.02 million tons (5.9 million tons in 2022/23 MR), for Argentina - by 0.168 to 1.69 (1.69) million tons, for the Russian Federation - by 0.166 to 6.7 (6.3) million...

According to the State Customs Service, during January-September, Ukraine imported goods worth $46.6 billion, and exported $27.1 billion. Taxed imports amounted to $38.3 billion or 82% of total goods imports, and the tax burden on 1 kg of taxed imports is $0.48/kg, which is 47% higher than the corresponding figure last year.   The most goods were imported from China - $7.4 billion, Poland - $4.9 billion, and Turkey - $3.7 billion, and exported - to Poland - $3.7 billion, Romania - $3...

USDA's October corn balance sheet was little changed from September, but quotes edged higher amid lower estimates of U.S. stocks and production that surprised the market. The supply of corn in the current season is much larger than last year, so prices will not change significantly in the near future.   For the USA, the estimate of initial stocks in FY 2023/24 was reduced by 2.3 to 34.6 million tons, the harvest - by 1.8 to 382.7 million tons, and ending stocks - by 2.8 to 53.6...

Russian wheat again won the tender in Egypt after the Russian authorities allowed traders to lower the minimum offer price from $270 to $260/t FOB. GASC also purchased Romanian and Bulgarian wheat, which was offered cheaper than Russian wheat.   Egypt's GASC held a wheat procurement tender on October 12, with bid prices at around $260/t FOB, compared with $260-270/t FOB at the previous auction on September 20. The cheapest offer was Bulgarian wheat with a price of $259/t FOB,...

In the October balance sheet, as in the three previous reports, USDA experts again lowered their forecasts for wheat production, consumption and stocks. But despite this, stock market quotations grew by 1-2.8%, although they are 30-58% lower than last year's level.   Compared to the September estimates , the wheat balance for the 2023/24 MR underwent the following changes:   The estimate of initial reserves was increased by 0.42 to 267.55 million tons (272.6 million...