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Bulgaria: Relaxed grain prices began to shrink

Bulgaria
Published Nov 15, 2022

Tridge summary

"Relaxed" grain prices went down as Russia got back into the grain deal. After the geopolitical factor was a major component in the movement of the prices of the main grain contracts on the global stock markets last week, it has now become clear that Russia will not end its participation in the grain corridor agreement. This "preservation" of export opportunities, as well as a good harvest, calmed stock market quotations in Europe and overseas.

Original content

The prices of wheat in the USA went down and the cheapening is sensitive - minus 38 dollars to 361 USD/ton, those in France also fell by 17 euros to 336 euros/ton. In Ukraine with delivery to Hungary and in Russia there was no change and the respective prices remained at USD 290/t and USD 310/t. After the downward turn in the price of US corn a week ago, now the depreciation continues - minus 18 dollars to 339 USD/ton, and France followed it with minus 10 euros to 343 euros/ton. In Russia again zero change and 290 USD/ton. The price of barley in France reversed the trend and decreased by 12 euros to 303 euros/ton, in Russia for the second week unchanged at 285 USD/ton. Rapeseed on Euronext also reversed the downward trend and fell by 23.00 euros to levels of 637.00 euros/ton. Rotterdam crude sunflower oil for December delivery was back up $40.00 at $1,410/t, while refined sugar was up $19.20 again at $555.10/t. on the London Stock Exchange. In the "Grain" sub-district of the Sofia ...
Source: Agrozona
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