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

RBD Palm Oil
Refined Sunflower Oil
Published Jul 6, 2022

Tridge summary

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.

Original content

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 Ukrainian export market of wheat with supply through the western borders and ports of the Danube region developed in a downward trend. This situation was explained by the low rates of grain export in the conditions of limited possibilities of logistics and its high cost, the absence of significant concerns regarding the state of crops and the gradual progress of harvesting in Ukraine. In addition, the collection ...
Source: MilkUA
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