Within reporting week Ukrainian domestic grains market didn’t undergo any significant change. As within last week, within this week trading companies also abstained from making big purchases due to sea ports being much loaded and global market low demand.
Food wheat and sunseeds enjoyed highest demand on Ukrainian domestic grains market within this week. Demand for other grains was just minimal. It is to be admitted, lion’s share of Ukrainian maize reserves has been already sold under contracts (with new sales possible to be started only since new year Jan).
Within reporting week Ukrainian traders and Ministry of Agrarian Policy and Food have signed supplement to Ukrainian 2012/13 MY grains export memorandum. Supplement says that Ukrainian Government guarantees not to limit grains export if it is not over 4 mn MT (for wheat), 3 mn MT (barley) and 12.4 mn MT (maize).
It is to be admitted, within 2012/13 MY share of flour-quality wheat in Ukrainian total grains export will become bigger due to new crop wheat high quality and feed wheat/feed barley low gross crop.
Barley
Within reporting week domestic feed barley market prices remained unchanged against previous week. Ukrainian feed barley importers have got activated, what has stimulated some traders to start looking for feed barley lots possible to be freely purchased; however, so far these barley lots are very difficult to be found.
Within this week traders feed barley purchase prices ranged within UAH2,150–2,235 per MT, CPT Black Sea ports and UAH1,950–2,050 per MT, EXW-ex-elevator (depending on regions/lots).
As of this week, Ukrainian feed barley export prices ranged within US$290–300 per MT (FOB Black Sea deep water ports).
Wheat
Within reporting week exporting companies kept their feed wheat purchase prices unchanged against previous week: UAH1,850–2,000 per MT (EXW-ex-elevator). Exporting companies still retained rather high demand for feed wheat (though number of exporting companies ready to make feed wheat sales/purchases has slightly declined).
In meanwhile, Ukrainian feed wheat owners tried to withhold their reserves; owners tried to make sales only at maximum sale prices (which often appeared unacceptable for purchasers).
On CPT Black Sea/Azov Sea ports basis, feed wheat purchase prices have slightly grown against previous week, - up to UAH2,050–2,120 per MT
This week feed wheat export offer prices ranged within US$285–295 per MT (FOB, Handysize/Panamax type vessels).
At same time, those traders which highly needed wheat, have grown their domestic market maximal purchase prices in some regions. Thus, upon whole, domestic market 3 and 2 classes food wheat purchase prices were correspondingly UAH1,900–2,050 per MT (EXW-ex-elevator) and UAH1,950–2,100 per MT (EXW-ex-elevator).
At same time, most traders were ready to purchase 3 class food wheat at UAH2,100–2,200 per MT (2 class food wheat - UAH2,150–2,250 per MT) on CPT Black Sea/Azov Sea ports basis.
Simultaneously, within this week food wheat (11.5% protein content) export FOB basis prices have grown to US$300–310 per MT, up as of last week.
Maize
Within this week EXW-ex-elevator basis feed maize purchase prices remained same as within previous week: UAH1,850–2,000 per MT. It is to be admitted, some traders and most processors retained earlier purchase prices, - UAH1,700–1,800 per MT; however, no purchases were reported.
On CPT Black Sea/Azov Sea ports basis, feed maize purchase prices were UAH2,000–2,150 per MT.
Within this week new crop feed maize guiding purchase prices have slightly declined against previous week, - down to US$300 per MT, FOB (demand) and US$308 per MT, FOB (offer).
