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In Ukraine, food wheat has become significantly cheaper

09/ 02/ 2022
  Author: G.R. Agro company Food wheat. Market trends As of February 8, demand prices for Ukrainian wheat of the 2nd and 3rd CPT classes of deep-water ports in dollar terms decreased by $ 10 compared to last Friday - $ 288 and $ 286 / ton. In hryvnia equivalent, there was a decrease of UAH 350 / ton for CPT Class 2 wheat in deep-water ports. The decline was due to the fact that Ukrainian exporters from small ports (Berdyansk and Mariupol) stimulated sales of wheat on the basis of FOB in case of deterioration between Ukraine and Russia. Since the beginning of the season and as of February 7, Ukraine has exported 17.2 million tons of wheat (+ 4.1 million tons compared to last year), which is 71% of the WASDE forecast. While wheat prices on the CBOT fell on Friday amid easing fears over the conflict and high-volume exports from the Black Sea, Chicago prices rose on Tuesday due to operators concerns about arid conditions in the US wheat belt. Forecasts High supply and inactive demand from importers can put pressure on prices. Syria has announced a tender for 200,000 tons of wheat, which will take place on February 14. Delivery is scheduled for 60 days after purchase. As for the state of winter ears of corn in Ukraine, it is satisfactory. The share of living plants is from 91 to 99% depending on the region. Fodder wheat. Market trends In the feed wheat export market, there is a declining trend in CPT demand prices for deep-sea ports against the background of pricing in neighboring markets. Forecasts Further pricing will depend on neighboring markets and the level of demand.

Author: G.R. Agro company

Food wheat

Market trends

As of February 8, demand prices for Ukrainian wheat of the 2nd and 3rd CPT classes of deep-water ports in dollar terms decreased by $ 10 compared to last Friday – $ 288 and $ 286 / ton. In hryvnia equivalent, there was a decrease of UAH 350 / ton for CPT Class 2 wheat in deep-water ports. The decline was due to the fact that Ukrainian exporters from small ports (Berdyansk and Mariupol) stimulated sales of wheat on the basis of FOB in case of deterioration between Ukraine and Russia. Since the beginning of the season and as of February 7, Ukraine has exported 17.2 million tons of wheat (+ 4.1 million tons compared to last year), which is 71% of the WASDE forecast. While wheat prices on the CBOT fell on Friday amid easing fears over the conflict and high-volume exports from the Black Sea, Chicago prices rose on Tuesday due to operators’ concerns about arid conditions in the US wheat belt.

Forecasts

  • High supply and inactive demand from importers can put pressure on prices. Syria has announced a tender for 200,000 tons of wheat, which will take place on February 14. Delivery is scheduled for 60 days after purchase. As for the state of winter ears of corn in Ukraine, it is satisfactory. The share of living plants is from 91 to 99% depending on the region.

Fodder wheat

Market trends

In the feed wheat export market, there is a declining trend in CPT demand prices for deep-sea ports against the background of pricing in neighboring markets.

Forecasts

  • Further pricing will depend on neighboring markets and the level of demand.

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