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Forecasts of a good rape harvest in Ukraine in 2024 increase the pressure on quotations
18.04.2024
"APK-Inform" experts have increased the forecast of rapeseed production in Ukraine in 2024 by 4% to 4.3 million tons compared to previous estimates, which will be 7% less than in 2023. The forecast has been adjusted due to a 4% increase in the estimate of the sowing area to 1.49 million hectares, while last year rapeseed was sown by 4% more. The forecast for rapeseed exports in 2024/25 FY has also been increased by 2% to 3.6 million tons, which will be only 2% less than...
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The Ministry of Agrarian Policy and UZA expect a 10% decrease in the harvest in Ukraine in 2024/25 MR
18.04.2024
The first forecast of the Ministry of Agrarian Policy in 2024 turned out to be quite pessimistic, although it corresponds to the recently made UZA forecast. The ministry expects that in 2024 the harvest in Ukraine will decrease by 10% compared to last year, from 82 to 74 million tons, of which 52.4 million tons will be grain crops and 21.7 million tons will be oil crops. We will remind that at the beginning of 2023, the ministry predicted a 13% decrease in the harvest to 63.5...
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Purchase prices for grains in Ukraine on April 17, 2024
17.04.2024
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 3000 Peas 13000 ↑ 1000 11250 Rye grade II 4400 Sugar beet pulp gran 155 Corn 6540 ↓ 5 5559 ↑ 9...
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The Egyptian GASC purchased wheat at a higher price than in the previous tender
17.04.2024
On April 16, the Egyptian GASC held an international tender for the purchase of flour wheat, at which it planned to increase the volume of purchases at a reduced price. However, the purchase price increased, and the volumes were insignificant. The number of tender offers for Russian and Romanian wheat decreased, while the prices of Russian offers decreased and European prices increased. The following offers were submitted for bidding on April 16: 10 (22 at the...
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Rates for sea transportation from Ukraine continue to decrease, and deliveries by wagons to the western borders are reduced
17.04.2024
According to the data of the department of commercial work of "Ukrzaliznytsia", during the period April 1-14, the volume of transfer of railway wagons with grain cargoes through the border crossings from Ukraine to Romania and Slovakia decreased significantly. If in March, an average of 67.6 wagons/day went to Romania, and 41.3 wagons/day to Slovakia, then in April this figure was 52.7 and 32 wagons/day, respectively. At the same time, the volume of grain transfers across...
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Russian wheat replaces European wheat in the markets of Africa and the Middle East
17.04.2024
In 2023/24 FY, wheat supplies from the EU to the countries of North Africa decreased by 25%, and to the Middle East - by 60%, while the Russian Federation is increasing its grain exports to these regions. This is according to USDA's FAS Grains: World Markets and Trade report released in April. European wheat is losing its traditional markets in the countries of North Africa, sub-Saharan Africa and the Middle East due to very strong competition from Russian wheat, due to which...
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In 2023/24, Ukraine exported and processed record volumes of rapeseed
16.04.2024
In FY 2023/24 (as of April 1), Ukraine exported 3.5 million tons of rapeseed (3.4 million tons in the same period of FY 2022/23) and almost 400,000 tons of rapeseed oil (84,000 tons in FY 2022/23) . So, in March, rapeseed exports decreased by 91,000 tons compared to February to 157,000 tons, which is 92,000 tons higher than in March 2023. Considering that usually the main volumes of rapeseed are exported in the first half of the season, the current supply rates are quite...
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An increase in soybean harvest forecasts increases the pressure on prices, in particular in Ukraine
16.04.2024
In Brazil, on April 11, soybeans were threshed on 84% of the area (86% last year), and the good yield made it possible to increase production forecasts. Conab predicts that the state of Rio Grande do Sul will increase soybean production by 68% compared to last year and become the second largest producer after Mato Grosso, compensating for drought losses in the central-western regions. So far, farmers in Rio Grande do Sul have sold only 16% of their crop against the background of...