Prices
Oil prices fall amid revival of tanker traffic through sea straits
Meanwhile, shipping in the region remains limited, and freight and insurance costs are high.
The suspension of purchases in deep-water ports has caused rapeseed prices to collapse to UAH 25,000–26,000/t
Due to the complications of export logistics and the suspension of purchases in ports, the main volume of trade has shifted to the domestic market.
Wheat prices in Ukrainian ports increased despite decline in the domestic market
In ports, food wheat rose in price to $203–211/t, feed wheat to $192–203/t CPT-port. The export market provided support.
The Ministry of Economy set July minimum export prices: rapeseed fell by $40/t CPT
The price of rapeseed changed the most — minus $40/t on terms of delivery to the port, to $320/t. Wheat, on the contrary, rose in price.
Ukrainian wheat is getting cheaper: prices in ports have dropped by another $6–11/t
In ports, food wheat fell in price to $202–209/t, feed wheat to $188–199/t CPT-port.
Russian oil prices fall to pre-war levels in Middle East
In the first days of July, the average price of Urals in Russia’s western ports was $41.66 per barrel — significantly below the budgeted $59.
Grain exports fell to 41.1 million tons
Despite the drop in physical volume from 46.7 to 41.1 million tons, in monetary terms, exports, including processed products, have hardly changed.
Wheat futures sank on all key exchanges — Ukrainian prices fell by another 100–150 UAH/t
Speculative growth on US exchanges has faded after June rains improved the condition of crops in the US.
Oil prices fall for third day in a row amid opening of Hormuz
Two tankers carrying nearly 2 million barrels of oil passed through the Strait of Hormuz on Monday, weighing on prices as the gradual resumption of transits weighs.
The Ministry of Economy has set minimum export prices for June
The minimum price for rapeseed on CPT increased by $42/t to $360/t, on FOB and CIF – by $26/t to $488/t.
