Oil prices have been updated to a maximum for the past six months in Ukraine

Published 2023년 7월 23일

Tridge summary

Corn prices have reached new highs due to Russia's attacks on Ukraine's port infrastructure, causing logistical challenges and cash gaps for corn producers in Ukraine. Rapeseed and sunflower oil prices have also risen to six-month highs, while wheat prices have traded up on the MATIF exchange. Ukraine plans to increase oil and grain crop production in the next 10 years, but the oil and fat industry is requesting an increase in export tariffs to promote domestic processing.

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

Original content

Over the past month, corn prices have tested new highs in response to Russia's attacks on Ukraine's port infrastructure, Spike Brokers analysts report. Follow the news in a convenient format: Follow us on Twitter Experts warn that the limited logistical possibilities of selling corn can cause significant cash gaps for mono-corn producers in Ukraine. Latest indications of buyers: DAP Ukraine (Danube) ~$172-175/t, DAP Ukraine (border) ~155-158€/t, FCA Ukraine (border) (train) ~178-180€/t, DAP Lithuania (center) ~200-202€/t, DAP Latvia (center) ~203-205€/t, DAP Estonia (SW) ~212 -215€/t, DAP Germany (Mon) ~225-230€/t, DAP Italy (Mon) (train) ~225-230€/t, CIF Italy (port) ~$250-252/t. Meanwhile, on the MATIF exchange, rapeseed also rose sharply in price, with rapeseed and sunflower oil prices rising to six-month highs. Rapeseed oil traded above €1,100 per ton in Denmark, while the price of sunflower oil exceeded $1,000 per ton in six European ports. Latest buyer indications: DAP ...

Source: Landlord