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Wheat prices are recovering in anticipation of the USDA forecast for the new season
09.05.2023
After falling last week, wheat quotes are gradually recovering on data about the delay in planting spring wheat in the US, news about the blocking of exports from Ukraine and doubts about the extension of the grain agreement. In 2022/23MR, Ukraine exported 14.5 million tons of wheat, which corresponds to the USDA forecast, but during the next 2 months, it could still ship 1-2 million tons of wheat. The ban on wheat supplies to the EU countries neighboring Ukraine and the...
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Ukraine will fulfill the main demand of Polish carriers to unblock the Yagodin-Dorogusk railway line
09.05.2023
The Ministry of Community Development, Territories and Infrastructure has decided to temporarily suspend the requirement to have permits for Polish transporters who bring goods to Ukraine from any EU country, the press service of the ministry reports. This will satisfy the main demand of Polish carriers and cancel the imposition of fines on them for the lack of permits for the transportation of goods from third EU countries to Ukraine, which will help to unblock the checkpoint...
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Inspections of more than 90 vessels participating in the grain initiative blocked by the Russians
09.05.2023
The Ministry of Reconstruction of Ukraine reports that the Russians have again blocked the registration and inspection of ships that planned to move to Ukrainian ports through the grain corridor. "Once again, representatives of the Russian Federation effectively stopped the work of the grain initiative, refusing to register ships for entry and inspect them, which is completely contrary to the terms of the current agreement," the message reads. The ministry...
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Purchase prices for grains in Ukraine on May 9, 2023
09.05.2023
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 3700 3317 ↓ 66 Mustard seeds 60000 925 ↓ 50 Peas 10000 Sugar beet pulp gran 9500 Corn 7000 4924 ...
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Due to the drought in Spain, the price of olive oil has risen to a record level
08.05.2023
According to the IMF, world olive oil prices rose to a 26-year high of $5,989.8/t amid a prolonged drought in Spain, the largest producer and exporter of the product. Mintec experts said that due to unfavorable weather, Spain harvested 50% less olives than usual from October 2022 to February 2023, as a result of which olive oil production decreased from the usual 1.4-1.5 million tons to 630 thousand tons. The Spanish Ministry of Ecology reports that the amount of...
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Sowing rates of soybeans, sunflowers and corn in Ukraine are 60-90% lower than last year
08.05.2023
In Ukraine, sowing of spring agricultural crops continues, however, due to abundant rainfall and low temperatures, the sowing rates of soybean, sunflower and corn are significantly lower than last year, and the area of spring barley sowing has already decreased by 20%. According to the Ministry of Agrarian Policy, as of May 4 in the territory under the control of Ukraine, the area of sowing of spring crops changed in comparison with last year as follows: spring...
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Negotiations on the grain agreement on May 5 were not successful, so they were postponed until this week
08.05.2023
On Friday, May 5, a meeting of technical specialists of the UN, Turkey, Ukraine and the Russian Federation was held in Istanbul, and the negotiations of the deputy defense ministers of the participating countries will take place this week. This was announced by Turkish Defense Minister Hulusi Akar, and added that "Turkey is making efforts to continue the grain initiative as planned and to make it work quickly and safely. This week, a meeting of deputy defense ministers will be...
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Purchase prices for grains in Ukraine on May 8, 2023
08.05.2023
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 3100 Mustard seeds 60000 925 ↓ 50 Peas 10000 Rye grade IV 5000 Sugar beet pulp gran 9500 ...