Fodder is becoming cheaper, farmers in the world are at risk of losing their income

Published 2022년 7월 5일

Tridge summary

Global economic slowdown and the approach of harvest in major commodity-producing countries have led to a decline in stock markets and commodity prices, including oil, palm oil, and wheat. The European Union is experiencing a decrease in wheat exports due to high world prices caused by the blockade of Ukrainian ports. In Ukraine, the wheat and barley market is experiencing a collapse in prices due to logistical challenges and increased harvesting. Corn prices are also under pressure due to improved weather conditions and increased production forecasts. Additionally, global vegetable oil prices have plummeted due to increased production forecasts of soybeans and rapeseed, despite the resumption of palm oil exports from Indonesia and talks on reducing biofuel quotas in the EU.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Anticipation of a slowdown in the world economy collapsed the stock markets, which, accordingly, also reacted to the commodity exchanges: in mid-June, oil prices began to decline, palm oil futures fell by 10%, and wheat exchange quotations fell by 5-6.5% . The approach of harvest in the US and increased forecasts of wheat production in Russia are increasing the pressure on quotations. This was reported by graintrade. As of June 21, wheat futures have fallen in price: the European Union has not been able to increase the pace of wheat exports in the 2021/22 MR, as high world prices due to the blockade of Ukrainian ports reduce the volume of purchases. As of June 5, the EU exported only 25.3 million tons of wheat (compared to 25 million tons last year), compared to 29.5 million tons predicted by the US Department of Agriculture (USDA), although the initial export forecast reached 37-39 million tons According to IA "APK-Inform", in the second half of June, the price situation on the ...

Source: MilkUA