Overview of world grain trade

게시됨 2024년 10월 25일

Tridge 요약

Grain markets are experiencing fluctuations due to weather conditions and geopolitical tensions. The UN FAO's grain price index increased by 3% in September but was 10.2% lower than the previous year. Unfavorable weather in major exporting countries and low water levels in the US and Brazil have contributed to rising wheat and corn prices. The vegetable oil price index grew by 4.6% in September, driven by forecasted decreases in production and increased demand. The IGC Grains and Oilseeds Price Index experienced a slight rise after hitting a 4-year low in August. The USDA's WASDE report expects a decrease in wheat supplies, consumption, and trade for FY2024/25, with a rise in ending stocks. Corn export forecasts have been reduced for Ukraine and Russia, but increased for the US. The world production forecast for oilseeds has been slightly reduced, with variations by country.

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원본 콘텐츠

Recently, grain markets have been affected not only by extreme weather conditions (from drought to floods), but also by geopolitical factors - the conflict in the Middle East and the war in Ukraine. According to the UN FAO, in September the grain price index increased by 3% compared to August, but was 10.2% below the level of September 2023. After a 3-month decline, world wheat prices rose in September against the background of unfavorable weather in the main exporting countries, although growth was limited by supplies of cheap Black Sea grain. Corn prices rose due to low water levels in US and Brazilian rivers, strong exports from Argentina and strong domestic demand in Brazil. The price index for vegetable oils in September grew by 4.6% compared to August to the highest level since the beginning of 2023. Palm oil prices rose for 4 straight months on forecasts of a seasonal cut in production, while soybean oil rose on lower-than-expected US refining output. Rapeseed and sunflower ...

출처: Graintrade