According to APK-Inform, the bid prices of exporters for rapeseed have been declining in Ukraine since mid-December.
The prices are pressured by weakening of trade activity amid easing of demand from importers. However, a number of offers from Ukrainian farmers decreased significantly, as they had been active sellers at the start of the season, when the demand from European buyers had been strong.
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Over the reporting period, the bid prices of rapeseed decreased by average 20 EUR/t to 360-410 EUR/t FCA as of December 30.
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Increase In Export Duty Of Russian Wheat Limited Price Growth – APK-Inform
According to APK-Inform, despite sizable weakening of the Russian ruble against the US dollar, the purchasing prices of food wheat increased only slightly over the last two weeks in the seaports of Russia.
The prices were pressured by increase in the export duty on wheat since December 28. Easing of demand from traders added pressure. Most of them had accumulated stocks sufficient to perform previously signed contracts. Many market participants expect completion of wheat purchases to an intervention fund after the New Year holidays, as the previously announced purchasing plan was over-fulfilled that may weight on the domestic market.
