Within reporting week food grains market situation remained actually same as within previous week: there was no flour-quality wheat export, so market was dominated, as earlier, by processors.
As it seems, within this week low market demand should have stimulated high-quality grains prices fall, — but, in fact, 3 and 2 classes food wheat prices remained high mainly due to agrarians low offers number. In meanwhile, agrarians are going to withhold their grains reserves until spring as they don’t need replenishing their circulating assets.
As of this week, feed barley market also remained dead: no company was interested in feed barley purchases. There was just small number processors which continued purchasing feed barley on domestic elevators; however, their purchase prices remained rather low against prices potentially possible under free export conditions. Traders tried to purchase feed barley at maximally “safe” prices in order to evade losses under any possible conditions.
Within reporting week feed maize market trade remained as slack as of other grains; there was no talk about any trade activity, as sale/purchase operations number was very low. Experts say feed maize market is quite possible to get strengthened in prospect. As to experts, prices strengthening is to be expected since early new year, — as maize export limitations will be, most likely, cancelled since new year beginning.
EXPORT
Barley
As earlier, within reporting week feed barley market remained actually dead.
As of this week, feed barley purchase prices ranged within UAH1,600–1,680 per MT (EXW-ex-elevator, central/southern regions)/UAH1,550–1,650 per MT (EXW-ex-elevator, other regions).
As earlier, no trader made feed barley purchases due to grains quoting regime introduction.
Within reporting week feed barley US$ purchase prices were US$245–255 per MT (FOB Black Sea big ports: Pivdenniy, Illichivsk, Odesa).
Within reporting week traders didn’t make any feed wheat purchases. As of this week, feed wheat offer prices remained UAH1,500–1,600 per MT (EXW-ex-elevator), unchanged against previous week.
As of this week, feed wheat FOB basis export prices ranged within US$235–245 per MT.
There was no food wheat trade within reporting week. As of this week, 3 and 2 classes food wheat declarative export prices (if global market prices conjuncture is taken into account) were correspondingly US$270–280 per MT (FOB Black Sea ports) and US$280–305 per MT (FOB Black Sea ports).
Maize
As of this week, feed maize purchase prices remained unchanged against previous week, — UAH1,500–1,650 per MT (EXW-ex-elevator, depending on regions/contract conditions).
As of this week, feed maize export prices ranged within US$235–250 per MT (FOB Black Sea ports).
Grain export prices, USD/ò
Grain type
01.12.10
24.11.10
Octember
2010 average
September
2010 average
August
2010 average
Min
Max
Min
Max
FOB, Ukrainian Black Sea port
2nd class wheat*
280
305
280
305
294
287
256
3rd class wheat**
270
280
270
280
274
267
241
Feed wheat
235
245
235
245
242
230
222
Feed barley
245
255
245
255
254
240
234
Feed corn
235
250
235
250
251
234
202
Feed peas
265
280
265
280
276
269
256
Wheat bran
170
183
170
183
187
150
120
Oats
180
190
180
190
181
162
144
DAF
Feed corn
220
230
220
230
234
218
191
Rye
175
185
175
185
179
168
156
*- protein content: minimum 12.5%
**- protein content: minimum 11.0%
Processors Activity
Within reporting week some flour millers were obliged to reduce their grains purchasing rates as agrarians had slackened grains offer in several regions. It is to be admitted, within this week agricultural producers abstained from grains big lots sales, preferring to sell just small lots. Experts admit agrarians low activity is due to their having accumulated big financial means, so they are able now to abstain from selling their grains reserves until spring. Experts say within next year spring/summer wheat purchase prices will, most probably, resume growing due to market demand activation.
Within this week main leguminous crops purchase prices remained, upon whole, unchanged against previous week, though growth tendency had already appeared in several regions (for instance, Kharkiv region and Sumy region). Most regions leguminous crops purchase prices have been remaining stable within last 2 months; experts say prices aren’t expected to significantly change until new year beginning.
Average purchase prices for food grains (ÑÐÒ processing plant), UAH/ò
Region
01.12.10
24.11.10
Octember
2010 average
September
2010 average
August
2010 average
Min
Max
Min
Max
2nd class wheat*
Western
1600
1750
1600
1750
1635
1510
1440
Northern
1620
1800
1620
1800
1660
1555
1500
Central
1620
1750
1620
1750
1665
1540
1520
Southern
1650
1750
1650
1750
1675
1570
1600
Eastern
1650
1800
1650
1800
1715
1605
1550
3rd class wheat**
Western
1550
1650
1550
1650
1575
1450
1385
Northern
1550
1660
1550
1660
1585
1460
1410
Central
1550
1670
1550
1670
1600
1480
1470
Southern
1560
1670
1560
1670
1600
1505
1540
Eastern
1570
1700
1570
1700
1625
1530
1470
*- protein content: minimum 12.5%
**- protein content: minimum 11.0%
