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Palm oil continues to fall in price, while soybeans rose slightly in price
05.09.2022
Quotations for vegetable oils on world exchanges are traded in different ways. Soybean oil and soybeans rose in Chicago on forecasts of a cut U.S. harvest, while palm oil prices fell to a one-month low under pressure from oversupply and reduced demand. October palm oil futures on Bursa Malaysia fell 2% on Friday to their lowest since August 5 at 3,915 ringgit/t, or $874/t, losing 8.7% in price for the week. The reason was another lockdown in China due to Covid, which may further...
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FAO experts have sharply reduced forecasts of grain consumption and stocks in 2022/23
05.09.2022
The average value of the FAO Food Price Index fell for the fifth month in a row. In August, it decreased compared to July by 1.9% or 2.7 points to 138 points, although it is 7.9% or 10.1 points higher than the same indicator last year. Thus, the average value of the FAO Cereal Price Index in August decreased compared to July by 1.4% or 2 points to 145.2 points, which is 11.4% or 14.8 points higher than in August 2021 . World wheat prices are falling for the third month in a row,...
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Purchase prices for grains in Ukraine on September 5, 2022
05.09.2022
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 FOB, $ DAF, $ CIF, $ Wheat mill offals 700 ↓ 433 100 Mustard seeds 700 Peas 7000 8800 272 Rye 4000 Rye grade II 4500 250 Rye grade III 5300 ...
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Ukraine is increasing grain exports through ports and western borders
02.09.2022
According to the State Customs Service, in the new season as of August 31, Ukraine exported 3.964 million tons of grain, which is 2.2 times lower than last year's figure of 8.62 million tons. Thanks to the resumption of port operations, the pace of exports accelerated from 1.7 million tons in July to 2.26 million tons in August, of which 763 thousand tons of wheat, 1.33 million tons of corn and 161 thousand tons of barley. According to monitoring data of the "grain...
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Yesterday, stock exchange quotations for grain and oil crops fell by 2-7%
02.09.2022
Grains and oilseeds fell on world markets yesterday, following oil prices and amid traders' concerns about reduced demand due to the negative state of China's economy. November Brent crude oil futures fell 7.7% to $95.6/barrel from Monday, and fell to $91/barrel yesterday, but rose to $92.5/barrel in late trading, having lost a total since the beginning of the week. 11.3%. Against this background, traders actively sold futures on grain and oilseeds, due to...
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Purchase prices for grains in Ukraine on September 2, 2022
02.09.2022
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 FOB, $ DAF, $ CIF, $ Wheat mill offals 1133 100 Mustard seeds 55000 1300 700 Peas 8800 Buckwheat 43500 Rye 4000 Rye grade II 4500 250 Rye...
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Heavy rains and floods in Pakistan will dramatically increase the demand for food
01.09.2022
Prolonged downpours caused by monsoon rains in Pakistan flooded a third of the country and killed more than 1,100 people, including 380 children. Rainfall in the country exceeded the 30-year average by 190%, and the Sindh province with a population of 50 million people was the most affected, with 466% more rain than normal. The UN called the situation an "unprecedented climate catastrophe." Prime Minister Shehbaz Sharif called on the world to help Pakistan, saying there...
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Oil prices fell by 7.7% this week and may fall further due to restrictions on Russian oil prices
01.09.2022
World oil prices remain highly volatile as they are affected by multiple factors. Therefore, jumps of 5-10% no longer bother the market. But after a 7.7% drop in prices this week amid new pressures emerging, quotes could drop to $90/barrel and below. Since Monday, November Brent crude oil futures have fallen by 7.7% to $95.6/barrel, and WTI crude oil has fallen by 7.9% to $89/barrel, which is 2.5% lower than last month. The reason for the fall was the news that on...
