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China's vegetable oil production will grow from 28.4 million tonnes in FY 2022/23 to 29 million tonnes in FY 2023/24, thanks to increased production of soybeans, canola and peanuts, according to USDA's FAS report on oilseed markets.   Soybean oil remains the main domestically produced vegetable oil in China. In FY 2023/24, its share in the total production of vegetable oils will be 58.7%, while the share of rapeseed oil is 24.1%, and peanut oil is 11.3%.   The...

Yesterday on the European markets, the fall in quotations for agricultural crops continued, due to a decrease in demand and a difficult situation in the banking industry, due to which traders switched from short positions on grain to other assets.   The leader of the decline was rapeseed, whose May futures on Euronext, after falling by 3.2% on Monday and by 2.9% on Tuesday, yesterday fell by another 2.4% to a 2-year low of €430.5/t or 469 $/t, losing 30% in a month...

The head of the Center for Food and Land Use Research of the Kyiv School of Economics, Oleg Nivyevskyi, said that the total amount of damage caused to Ukraine due to the blocking of the Black Sea ports is $36 billion, of which about $18 billion is the loss from blocking the export of agricultural products.   "In 2022, the decline of the Ukrainian economy amounted to more than 30% or $60 billion. In addition to blocking ports, it was affected by numerous destructions, disruptions...

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 2967 Mustard seeds 60000 44000 Peas 8253 Buckwheat 111 Corn 7400 6283 ↑ 35 6850 6000 ↓ 53 201...

The sharp drop in rapeseed prices on the Euronext exchange is already causing panic among traders who do not understand at what level the collapse of quotations will stop.   Amid a sharp drop in demand caused by lower prices for raw materials, vegetable oils and meal in the EU, May canola futures on Euronext fell another 2.9% to a 2-year low of 441 yesterday after falling 3.2% on Monday. €/t or $475/t, losing 26.4% for the month and 65.5% for the year.   Forecasts of...

World wheat prices are under pressure from a significant supply of Black Sea wheat, primarily from Russia, data on increased exports from the Russian Federation in March, the extension of the grain corridor from Ukraine, and improved weather in the US and the EU. The biggest impact is on European wheat prices, which fell 13% in the two weeks following the bearish WASDE report, and 15% in the month. At the same time, American wheat futures stabilized after falling, and spring and hard winter...

Data on the autumn sowing of winter crops and the sowing of spring crops for the 2023 harvest allow the Ministry of Agriculture to make the first forecasts for the future harvest.   It is planned to sow 19.3 million hectares with grain and industrial crops for the 2023 harvest on the territory controlled by Ukraine, which will almost correspond to last year's 19.8 million hectares. At the same time, the area of sowing winter crops decreased by 1 million hectares compared to the...

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 2850 Mustard seeds 60000 44000 Peas 8253 Buckwheat 111 Corn 7500 6311 6850 ↓ 450 6053 ↑ 4 203...