Within this week most traders have declined domestic market grains purchase prices due to global market slackening. Feed barley purchase prices decline was lowest among all other grains as, firstly, Saudi Arabia still hasn’t come into global market and, secondly, some traders have suffered losses when purchasing grains on market which has significantly strengthened within last 3 weeks, and therefore have purposefully lowered their bids.
Surprisingly, grain holders were actively trying to sell off their reserves with significant discounts. It is to be reminded, within last 2–3 weeks market was characterized with grains deficit caused by low offer (as agrarians hoped to see high prices at new season beginning and therefore withheld their grains reserves).
As earlier, food grains market activity was low. Besides, practically all qualitative food grains has already been sold off (resulting in offer absence). Like sellers, processors have also assumed wait-and-see policy, ready to refrain from purchases until new crop grains comes to market.
Within this week feed maize prices remained practically same as of previous. However, there was already no talk about maize market, − as maize reserves were well-nigh exhausted. Big exporters weren’t interested in separate small lots offers, so sale prices were rather declarative than real.
EXPORT
Barley
Within this week feed barley purchase prices ranged within UAH850–900 per MT (EXW-ex-elevator, southern regions)/UAH780–870 per MT (EXW-ex-elevator, other regions).
US$ purchase prices were US$145–155 per MT (FOB, small ports) and US$150–158 per MT (FOB, big ports: Pivdenniy, Illichivskiy).
Wheat
Feed wheat purchase prices have got fixed UAH850–1,010 per MT (EXW-ex-elevator, depending on regions/contract conditions).
Feed wheat ports US$ purchase prices ranged within US$137–147 per MT (CPT port, small ports) and US$145–158 per MT (CPT port, big ports: Pivdenniy, Illichivskiy).
Feed wheat offer prices were US$152–170 per MT (FOB, depending on shipper/shipping port).
4 and 3 classes food wheat US$ prices (if global market prices conjuncture is taken into consideration) were correspondingly US$190–205 per MT (FOB Black Sea ports) and US$200–215 per MT (FOB Black Sea ports).
Maize
Traders were ready to buy feed maize at UAH940–1,110 per MT (EXW-ex-elevator, depending on regions/contract conditions).
Feed maize US$ prices fluctuated within US$170–180 per MT (FOB).
Processors Activity
As of this week, most processors have stopped grains purchasing until new crop harvesting. Due to earlier accumulated recourses, processors could work troublefree still for 1–2 months, so they refrained from expensive grains purchases. Besides, ready products sale rates weren’t as high as desired.
