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Purchase prices for grains in Ukraine on March 8, 2023
08.03.2023
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, $ DAF, $ CIF, $ Wheat mill offals 2667 180 Mustard seeds 60000 1240 Peas 8253 ↓ 56 275 ↓ 11 Buckwheat 111 Rye 6000 188 ↓ 12 Rye grade...
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Australia has raised its 2022/23 wheat harvest forecast to a record level
07.03.2023
According to Reuters, experts at ABARES raised their forecast for wheat production in Australia, the world's main grain exporter, in FY2022/23 to a record 39.2 million tons. The agency's previous December estimate was 36.6 million tons, which would also be a record. The increase in the forecast brings the agency's data closer to market estimates, according to which the harvest may exceed 40 million tons, as rains caused by the La Niño climate phenomenon have...
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US wheat futures fell to the lowest level since September 2021
07.03.2023
Forecasts of an increase in the area of wheat sowing in the USA and Canada against the background of negotiations on the continuation of the grain corridor from Ukraine increase the pressure on stock market quotations for wheat. Wheat prices fell 1-2.4% yesterday, with wheat futures in Chicago and Kansas falling to their lowest since September 2021, including: by 2% or $4.96/t to $255.5/t - May futures for soft winter SRW wheat in Chicago (0% for the week); by 2.4% or...
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The price of gas in Europe fell to $450 for the first time since 2021, which lowers the prices of fertilizers
07.03.2023
Natural gas prices on the London ICE exchange fell more than 6% on Monday to $450/thousand cubic meters, falling to this level for the first time since July 2021. The reason for this was an unusually warm winter in the United States and Europe, as well as significant inventories gas in storage at the end of the season, when consumption decreases. Following gas prices, the prices of nitrogen fertilizers are falling, which will help reduce the cost of grain and food in the new...
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Purchase prices for grains in Ukraine on March 7, 2023
07.03.2023
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 2667 180 Mustard seeds 60000 1240 Peas 7464 275 ↓ 11 Buckwheat 111 Rye 6000 188 ↓ 12...
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Indonesia plans to create its own palm oil benchmark by June
06.03.2023
Indonesia's Commodity Futures Commission has asked local palm oil exporters to enter into contracts through the local futures exchange. It is planned that the new rules will work by June this year, and Indonesia will receive its own benchmark for palm oil, and its buyers will be guided by the price determined domestically. Indonesia is the world's largest supplier of palm oil, but most exporters make deals directly with buyers, bypassing the futures exchange. At the same...
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Ukraine has not yet harvested 5% of the corn crop, but has already started new sowing
06.03.2023
According to the Ministry of Agrarian Policy of Ukraine, as of March 2, domestic farmers threshed 54.28 million tons of grain and leguminous crops from 11.3 million hectares or 98% of the planned area with an average yield of 48 tons/ha. Currently, the harvesting of corn is underway, and as of March 2, 26.9 million tons were collected from 4.02 million hectares or 95% of the area with a yield of 6.69 tons/ha, while a week ago the gross harvest was 26.79 million...
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FAO's world food price index has fallen for 11 months in a row
06.03.2023
The average value of the food price index, which is determined by FAO experts, has been declining for 11 consecutive months, and in February it decreased by 0.6% compared to January to 129.8 points, which is 18.7% or 29.9 points lower than the peak March 2022 The decrease in the index in February is caused by a sharp drop in the prices of vegetable oils and dairy products, and a slight decrease in the prices of grains and meat, which compensated for the sharp increase in the prices...
