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Egypt purchased a large batch of Russian wheat, which increased the pressure on world quotations
06.02.2023
The state-owned Egyptian operator GASC purchased at an international tender on February 3 535,000 tons of Russian food flour wheat with shipment from February 26 to March 20 at an average price of $324.18/t C&F, which is 4% lower than at the January 11 auction, when purchased 120,000 tons of Russian food wheat with shipment on February 10-25 at an average price of $337/t C&F. We will remind that GASC purchased 200,000 tons of Russian wheat at the tender on December 29 at a price of...
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Lower pork prices in China will soon increase pressure on soybean meal prices
06.02.2023
The world market of soybeans and soybean meal reacts sensitively to changes in demand from China, the main importer of these products. Therefore, the dynamics of pork production and prices are an important indicator of feed and soybean prices. Domestic hog prices in China fell 17.5% for the month and 43% for the last quarter, soybean meal fell 15% for the quarter, and soybean processing margins approached zero. On the Chicago Stock Exchange, soybean meal last week hit...
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Purchase prices for grains in Ukraine on February 6, 2023
06.02.2023
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 2500 Mustard seeds 60000 1240 Peas 4860 8050 275 ↓ 11 Buckwheat 111 Rye 192 ↓ 15...
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Rainfall shortages in Argentina, surpluses in Brazil and frost in the US weigh on crop prices this week
03.02.2023
The main weather factors affecting agricultural markets remain the drought in Argentina and the predicted frost in the US, which could damage weak winter wheat crops. Since Thursday, winter wheat growing regions in the USA have experienced frosts of -17...-20 o C, which can damage crops that are not covered by snow and are in poor condition after a dry autumn. However, the speculative increase in prices was short-lived, as the frost will not last long, and warm weather...
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Soybean prices in Ukraine are falling against the backdrop of reduced export demand
03.02.2023
Global soybean and soybean meal prices ended speculative gains this week and even edged lower amid rains in Argentina and an acceleration in soybean harvesting in Brazil. In Ukraine, as a result of the delay in the actions of ships to the ports of the Black Sea and the reduction of export demand, traders reduced the purchase prices for GMO soybeans by $10-15/t to $410-440/t. Against this background, processors stopped raising purchase prices and left them at the level of UAH...
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Purchase prices for grains in Ukraine on February 3, 2023
03.02.2023
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 2850 175 Mustard seeds 60000 1240 Peas 4860 8050 275 ↓ 11 Buckwheat 111 Rye 192 ↓ 15...
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Indonesia introduces the world's highest biofuel content in diesel fuel
02.02.2023
The world's largest producer of palm oil, Indonesia, is increasing the mandatory content of biofuel from palm oil from the current 30% to 35% (B35) on February 1. The country's Ministry of Economy believes that this will partially offset the reduction in oil exports to Europe, where edible oil has been banned from being used in biofuels, as its production is linked to deforestation. The agency assures that the B35 program will not lead to interruptions in the supply of edible oil on the...
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The decrease in gas prices lowers the prices of nitrogen fertilizers in the EU and, as a result, in Ukraine
02.02.2023
During the month, natural gas prices fell significantly amid reduced demand due to an abnormally warm winter in the northern hemisphere and increased gas reserves in Europe and the United States. Following them, the prices of nitrogen fertilizers fall. Over the week, gas prices in Europe fell 20% to €56/MWh or $635/1000m3, and since December they have fallen 60% to a 16-month low. The reason, in addition to the warm weather, is also the economy measures taken by the EU...
