Within reporting week food wheat prices remained rather high due to flour milling integrated plants/several exporters high demand. Food wheat prices were additionally supported by agricultural producers low offer.
It is to be admitted, feed wheat market has been remaining relatively stable within last few months, — what is to be explained with, firstly, foreign purchasers being interested in Ukrainian food wheat rather than in feed wheat and, secondly, Ukrainian domestic market feed wheat offer being very low (as of now, feed wheat is purchased mainly by mixed feeds plants).
As of this week, feed maize prices remained stably high. As earlier, agrarians continued withholding their export quality feed maize reserves in anticipation for higher prices. In meanwhile, experts admit Ukrainian export quality feed maize reserves are rather small (though market demand remains rather high). As of now, experts can’t affirm feed maize prices will start growing; however, experts are quite certain prices won’t go down in near future.
EXPORT
Barley
As earlier, within reporting week feed barley market trade activity remained low due to processors slack demand; it is to be admitted, no trader made feed barley purchases after export quoting regime introduction.
Within this week feed barley market purchase prices remained unchanged against previous week, — UAH1,850–2,000 per MT (EXW-ex-elevator, depending on lots/regions).
Within reporting week feed barley US$ purchase prices were US$280–290 per MT (FOB Black Sea ports: Pivdenniy, Illichivsk, Odesa).
Wheat
Within reporting week feed wheat was purchased by just few traders. As of this week, feed wheat market offer prices ranged within UAH1,800–1,900 per MT (EXW-ex-elevator, depending on regions).
Within this week feed wheat FOB basis export prices ranged within US$300–310 per MT.
As of this week, domestic market 3 and 2 classes food wheat prices were correspondingly UAH1,950–2,050 per MT and UAH2,000–2,180 per MT; at same time, 3 and 2 classes food wheat export prices (if global market prices conjuncture is taken into account) were correspondingly US$350–375 per MT (FOB Black Sea ports) and US$335–350 per MT (FOB Black Sea ports, depending on protein content).
Maize
Within reporting week feed maize market purchase prices fluctuated depending on shipments regions, contract conditions and seller status (middleman or producer), — UAH1,880–2,000 per MT (EXW-ex-elevator). It is to be admitted, traders were ready to pay UAH2,050–2,100 per MT in ports.
As of this week, feed maize export prices ranged within US$300–310 per MT (FOB Black Sea ports).
Wide ranges of above-mentioned feed maize prices are motivated by fact that trade companies have declared 2 purchase prices levels: high level (for agricultural producers) and low level (for middlemen) after new Ukrainian Tax Code having had come into force.
Grain export prices, USD/ò
Grain type
09.03.11
02.03.11
February
2011 average
January
2011 average
December
2010 average
Min
Max
Min
Max
FOB, Ukrainian Black Sea port
2nd class wheat*
350
375
350
375
350
330
308
3rd class wheat**
335
350
345
355
335
313
288
Feed wheat
300
310
300
310
294
276
247
Feed barley
280
290
280
290
276
265
255
Feed corn
300
310
300
310
292
278
248
Feed peas
310
340
310
340
320
317
294
Wheat bran
215
230
215
230
209
191
181
Oats
220
230
220
230
219
209
192
DAF
Feed corn
255
265
255
265
255
249
235
Rye
215
230
215
230
216
208
194
*- protein content: minimum 12.5%
**- protein content: minimum 11.0%
Processors Activity
As of this week, flour millers kept their food/feed grains purchase prices unchanged against previous week. Market passiveness has been caused by 2 days holidays (held to celebrate International Women’s Day) and exporters grains low demand (in fact, there were just 2–3 exporters trying to purchase grains).
As earlier, within this week agricultural producers continued dictating grains high offer prices in most regions. There were just few agricultural producers which sold their grains in small lots as they needed finances; most agrarians, however, planned to start selling their grains reserves only since early Apr and therefore took wait-and-see attitude.
Average purchase prices for food grains (ÑÐÒ processing plant), UAH/ò
Region
09.03.11
02.03.11
February
2011 average
January
2011 average
December
2010 average
Min
Max
Min
Max
2nd class wheat*
Western
2050
2200
2050
2200
1945
1735
1690
Northern
2050
2230
2050
2230
1975
1765
1720
Central
2050
2220
2050
2220
1985
1760
1705
Southern
2050
2200
2050
2200
2005
1760
1700
Eastern
2050
2250
2050
2250
2000
1775
1725
3rd class wheat**
Western
1980
2100
1950
2050
1880
1675
1610
Northern
2000
2150
1920
2100
1910
1695
1635
Central
2000
2120
1950
2100
1925
1690
1625
Southern
2000
2120
2000
2100
1940
1700
1645
Eastern
2000
2150
1950
2100
1935
1695
1635
*- protein content: minimum 12.5%
**- protein content: minimum 11.0%
