The Ukrainian grain export market has been showing mixed price dynamics. Pace of trade is moderate, with most of the products being transported to importers by land transport or via the Danube ports. At the same time, Ukrainian corn is enjoying stable demand in the EU countries
Prices for Ukrainian sunflower oil fell significantly amid problems with shipments and competition with Russian traders.
Weather conditions in Europe are pushing up coal prices as electricity consumption is increasing due to abnormal heat wave.
World iron ore prices have sagged again after China introduced production curbs in the Yunnan province.
Despite the fact that the Turkish market of finished steel products remains dull, manufacturers keep on carrying out active negotiation seeking price cutbacks in order to replenish the stocks with imported steel scrap.
Demand for phosphates remains high in Brazil and market players expect it to remain at the same level in August. The latest MAP deals in Brazil were concluded at $470-480/t C&F.
Trade has been brisk on the Egyptian urea export market, with deals signed at $400-422/t FOB.
Tensions on the Black Sea sunflower oil market caused by the Russian army’s attacks on Ukrainian ports led to a sharp rise in prices.
In the U.S., average soybean quotes have fallen under the pressure of weather factors and despite the upturn in soybean meal prices.
Australian grain prices have increased this week.