Record-breaking stocks of cereals and rapeseed in Poland, how will this affect prices?

Published 2023년 1월 23일

Tridge summary

Recent reports have highlighted a significant drop in cereal and rapeseed prices, with wheat now averaging at PLN 1,200/t and rape at PLN 2,350, due to reductions in the CBOT and MATIF exchanges. This decrease is further attributed to record-breaking imports of these commodities from Ukraine, reaching over 1.25 million tons of corn, 750,000 tons of rapeseed, and 650 thousand tons of wheat since July. The surge in imports has led to increased domestic stocks, causing concern among Polish farmers who are protesting against the impact on their market. However, claims for the reintroduction of tariffs on these imports by trade unions and agricultural chambers are misinformed, as the EU currently does not impose duties or quotas on rapeseed, and maize imports enjoy zero duties.

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

Original content

As we have already reported on farmer.pl, the last week brought significant reductions in the prices of cereals and rapeseed. Wheat costs PLN 1,200/t on average, and rape – PLN 2,350. This is much less than two weeks ago. Drops reach several hundred zlotys per ton. It's the same with stock exchanges. What imports of cereals and rapeseed from Ukraine? - Quotations of wheat on the CBOT and MATIF exchanges were at their lowest levels since the outbreak of war in Ukraine. Rapeseed prices on the MATIF exchange are at their lowest levels since August 2021. In Poland, additional pressure is exerted by record-breaking imports from Ukraine, which causes numerous farmers' protests, writes Mirosław Marciniak, an analyst at InfoGrain, in his report. He was one of the speakers at our regional conferences "Direction of Innovation", where he directly talked about the prices and balances of agricultural raw materials. And the information from the farmers' point of view is not good. This can also ...

Source: Farmer.pl