-
Rapeseed prices in Europe rose by 2.6% on forecasts of growth in demand from the biofuel industry
24.06.2021
Yesterday on the Euronext exchange, August rapeseed futures almost recouped the fall of the last two weeks and rose by 2.6% or 13 €/ton to 507.5 €/ton or 605 € /ton on the news of Germany's adoption of a law obliging to increase the reduction of greenhouse gas emissions in 2022 from 6% to 7%, and in 2030 to 25%. Therefore, the demand for rapeseed oil for biodiesel production will increase dramatically, especially given the commitment to reduce the use of palm oil. Following...
-
Purchase prices for grains in Ukraine on June 24, 2021
24.06.2021
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, $ Vetch 10000 Wheat mill offals 6400 ↑ 50 5450 Mustard seeds 12000 Peas 8200 9000 252 Sugar beet pulp gran 9500 ...
-
Prices for Ukrainian sunflower are falling under the pressure of low demand for oil
23.06.2021
Low demand for sunflower oil, as well as significant reserves of sunflower oil and sunflower on the eve of the new crop entering the markets, continue to lower purchase prices for sunflower in Ukraine. Egyptian GASC purchased 80 thousand tons of vegetable oils yesterday, but even the reduction in the price of sunflower oil to a level lower than that of soybeans did not increase the volume of purchases, which increased pressure on prices. Supply prices of Ukrainian sunflower oil for...
-
Purchase prices for rapeseed in Ukraine continue to decline actively
23.06.2021
A sharp drop in world prices for vegetable oils has increased pressure on oilseed markets. Thus, in Ukraine, purchase prices for sunflower and rapeseed decreased by 10-20% within two weeks. The weather in Ukraine contributes to the development of rapeseed crops, but due to low temperatures and prolonged precipitation, harvesting will begin 2-3 weeks later than last year. Forward prices for the supply of rapeseed with a base oil content of 42% to the port in July...
-
The growth of the dollar exchange rate on the interbank market will not last long
23.06.2021
After a sharp drop in the dollar exchange rate against the hryvnia to the level of 27 UAH/., exporters restricted the sale of foreign currency, and buyers increased demand, which led to an increase in the exchange rate for the week by 25-30 kopecks to 27.32/27.34 UAH/.. Friday's rise in the price of the dollar was explained by speculative games, and on Tuesday the exchange rate was supposed to decline due to the next auction of the Ministry of Finance for the sale of government...
-
Purchase prices for grains in Ukraine on June 23, 2021
23.06.2021
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, $ Vetch 10000 Wheat mill offals 6450 5300 Mustard seeds 12000 Peas 8200 9000 252 Sugar beet pulp gran 9500 ...
-
Lack of precipitation worsens the prospects for the harvest of corn in Brazil and spring wheat in the United States
22.06.2021
Last week, the weather in the main countries producing cereals and oilseeds contributed to the formation of crops, but in the center of Brazil and on the American plains there was a lack of precipitation and increased drought phenomena. In Brazil, in the southern regions of corn sowing of the second crop, it rained, and this week meteorologists promise heavy rains. But in the central regions (Mato Grosso) there is a drought, which negatively affects crops. According to...
-
The recovery in oil demand has not yet affected the vegetable oil markets
22.06.2021
Oil prices, which have been rising for five consecutive sessions, have already approached the highest level since 2018 on hopes of a rapid recovery in oil demand in the summer due to active vaccination of the population against coronavirus and the development of global economies. In Iran, the president of the country's Supreme Court, Ibrahim Raisi, won the presidential election, who previously harshly criticized the agreement on the nuclear program, but after the election...