Market of complex and potash fertilizers // Week 43
Phosphate trade remains low in Brazil. The market is still seeing offers of MAP 11:52/12:52 at $540-50/t C&F. Some importers report a shift in shipping period of OCP-produced Moroccan fertilizers.
Commodity markets
Grain market. Ukraine // Week 43
Prices for Ukrainian grain have shown an upturn this week. The announced suspension of movement along the alternative “grain corridor” somewhat limited export volumes, but overall trade has been quite brisk. At the same time, players note the recovery of barley demand, although trade is now mainly taking place inside the country.
Grain market. EU countries // Week 43
The EU grain market has shown a decline in export quotes despite the reduced forecast of wheat exports by 1 million t to 31 million t (according to the European Commission). This is 22% lower than last year’s export volume.
Grain market. Kazakhstan // Week 43
Trade remains dull on the Kazakh grain market. Quality issues and the presence of Russian suppliers in the country’s business space do not contribute to high pace of sales.
Grain market. Russia // Week 43
Export prices for Russian grains keep sliding down amid pressure from large offer and insufficient importers’ demand.
Grain market. Australia // Week 43
In Australia, winter harvesting is progressing well and buying interest continues to grow. Wheat and barley prices are largely stable.
Sunflower oil market. Ukraine // Week 43
The Black Sea sunflower oil market has been showing plentiful offer (mostly of Russian-made products, though), with Turkish importers showing high interest in purchasing.
Grain market. South America // Week 43
Brazilian corn prices are under pressure from robust sales and exports. Meanwhile, according to Agrinvest, Brazilian producers do not hurry to buy safrinha corn seed for the 2023-24 planting because of low corn prices.
Grain market. USA // Week 43
U.S. grain prices have been suffering pressure from harvesting and improving weather conditions in major exporting countries. Corn harvesting is progressing well in the U.S., putting pressure on quotes along with strong competition from Brazilian products.
Soybean market // Week 43
Soybean harvesting is progressing well in the U.S., putting pressure on quotes along with strong competition from Brazilian products.