By KYIV. Nov 24 (Interfax-Ukraine) – Rail logistics of agricultural products abroad in the near future may become more difficult due to power outages and blackouts of part of the railway infrastructure due to massive rocket attacks by the Russian Federation on Ukrainian infrastructure, in connection with which agricultural producers will partially reorient exports to road transport.
According to Spike Brokers brokerage company (Kyiv), almost all sea and river ports of Ukraine have suspended work for security reasons due to Russian missile strikes on November 23.
According to the company, over the past week it has concluded deals for the supply of feed wheat from Ukraine to Poland in November-January for $235/tonne, sunflower to Bulgaria – $575/tonne, sunflower to Hungary – $570/tonne, rapeseed (non-GMO) to Hungary – EUR560/tonne, soybeans (non-GMO) to Italy – EUR580/tonne, GMO soybeans to Italy – EUR565/tonne.
According to her, corn prices in the direction of Europe continued to decline, due to the growth of its imports. However, buyers’ warehouse occupancy does not give them the confidence to prolong their aggressive purchases. Recent buyer indications for the past week are as follows: DAP Poland (border) $215-220, DAP Hungary (border) EUR230-235, DAP Romania (border) EUR225-230.
In turn, the saturation of the EU market with rapeseed from Ukraine and Eastern European countries does not give any chances for price strengthening at the moment. Recent customer indications are DAP Germany (East) – EUR570-590, DAP Hungary (Central) – EUR555-560.
"The soybean market in Hungary and Romania is oversaturated with offers from Ukraine and has already "fallen." Players are actively selling soybeans with us in the Italian markets," the brokerage company specified.
