Tridge summary
The article reports a rise in the September 2022 wheat futures price by 17.25 euros / ton, reaching 414.75 euros / ton, while corn futures for June 2022 experienced a decrease, ending at 352.25 euros / ton. The Ukrainian Grain Association reported a decrease in the spring barley area by 35% compared to the previous year. The European Parliament has approved duty-free imports of Ukrainian agricultural products for a period of one year. Due to dry weather, analysts anticipate a decline in France's wheat harvest by 30-40% compared to 2021. Serbia has decided to lift the ban on flour exports, but bans remain on corn and sunflower oil exports. India is going to permit the import of 4 million tonnes of duty-free soybean oil and sunflower oil by 31 March 2024, and Kenya has initiated the import of 540,000 tonnes of white corn over the next three months.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
In the futures market for wheat for delivery in September 2022, there was an increase in quotations by 17.25 euros / ton - from 397.50 euros / ton at the beginning of the month to 414.75 euros / ton at the end. Vote: Will Kovid's help give you a breath of fresh air? The average futures price for September is 412.38 euros / ton, according to the Ministry of Agriculture in its monthly review of international markets for cereals and oilseeds. On the European futures market for delivery in June 2022, corn started with a price of 361.00 euros / ton. At the end of the period under review it reached 352.25 euros / ton, which is a decrease in quotations by 8.75 points. The average futures price for June is 358.56 euros / ton. The average futures price for August 2022 for rapeseed is 842.69 euros / ton, for November 2022 - 832.06 euros / ton, and for February 2023 - 816.75 euros / ton. The area of spring barley in Ukraine reaches 926,000 ha, which is 35% less than the previous year, ...
Source: Agri
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