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What changes in tax policy in the agricultural sector is the state preparing?
13.02.2025
At the TOP Crops 2025 congress, representatives of the Ukrainian government and agrarians discussed tax policy issues that most affect the agricultural industry. Single tax of the fourth group: what next? The Chairman of the Verkhovna Rada Committee on Finance, Tax and Customs Policy, Danylo Getmantsev, stated that the system of the fourth group single tax will not change at least until the end of martial law, but then the issue of its reform will become very relevant, as European...
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Purchase prices for grains in Ukraine on February 12, 2025
12.02.2025
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 6150 Mustard seeds 25000 Peas 15000 350 Buckwheat 15000 Rye grade II 9600 Coriander ...
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USDA lowered its forecast for global oilseed production and stocks, which supported quotes
12.02.2025
In the February supply and demand report, USDA experts lowered the forecast for global oilseed production in 2024/25 MY by another 2.7 million tons to 677.7 million tons (657 million tons in 2023/24 MY), in particular soybeans - by 3.5 million tons, which is partially offset by an increase in cotton production by 0.4 million tons, sunflowers - by 0.43 million tons, and rapeseed - by 0.14 million tons. The forecast for global ending oilseed stocks in the 2024/25 MY has been reduced...
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Chicago corn prices fell despite lower stock estimates in USDA report
12.02.2025
In the February corn supply and demand report, USDA experts unexpectedly sharply lowered their estimate of world opening stocks and production forecast and, accordingly, ending stocks. But despite the bullish report, futures in Chicago fell due to a significant reduction in forecasts for world imports and exports. Compared to January estimates, the new world corn balance for the 2024/25 MY has undergone the following changes: The estimate of initial reserves was...
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Wheat prices fell after significant reductions in export and import forecasts in USDA report
12.02.2025
In the February supply and demand report, USDA experts slightly increased the forecast for world wheat production and significantly increased the forecast for world consumption, as a result of which they lowered the estimate of world ending stocks in 2024/25 MY. A sharp reduction in wheat export forecasts for major exporters and imports for China led to a drop in stock prices, which rose by 5.6-8.7% during the month against the background of frosts in the USA and rising corn...
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Declines in Malaysian palm oil production, exports and stocks support sunflower oil prices
11.02.2025
The Malaysian Palm Oil Board (MPOB) in its latest report lowered its estimate of Malaysia's oil production and reserves by more than analysts had expected, leading to a rise in quotes. Yes, according to the report: Palm oil stocks fell 7.6% in January to a 21-month low of 1.58 million tonnes, production decreased by 17% compared to December to 1.24 million tons, exports decreased by 13% to 1.17 million tons. Malaysia's palm oil stocks are falling...
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Sunflower harvest in the EU in 2024/25 MY decreased by 18%
11.02.2025
The European Commission has reduced the forecast for sunflower production in the EU in 2024 by 7 thousand tons to 8 million tons compared to December estimates, which will be 18% lower than the previous season due to adverse weather conditions. At the same time, Romania's harvest will be 38% lower than in 2023, reaching a 15-year low of 1.2 million tons, despite record sowing areas. Therefore, the country will move from first to fourth place in the ranking of major...
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Mainly private buyers import wheat to Egypt after change in government procurement policy
11.02.2025
After changes in the state wheat procurement agency in Egypt, private companies began to dominate among importers. According to the US Food and Agriculture Organization, Egypt will purchase 12.5 million tons of wheat in 2024/25. Traditionally, imports have been handled by the public and private sectors. In 2023/24, the state agency GASC provided 52% of the total imports of 12.3 million tons, and in 2024/25, 3.17 million tons of wheat were contracted through tenders and private...