Kernel, Ukraine’s major farming holding, is planning to kick off the construction of a new grain terminal in Chornomorsk as soon as in the coming months, the company’s management said. The terminal is designed to handle 4 MMT of grain a year. The investment amount is projected at $100 million. The construction of the facility…
Season 2016/2017 was marked with second in a row low corn crop in top-producing EU countries – France, Romania, Italy and Spain. According to European Commission’s estimates, EU corn crop totaled 59.073 MMT in 2016/2017, almost in line with last year volume – 59.066 MMT at the expense of higher production in other top producers…
On December 1-8, CBOT corn prices gained 4.46%. On the spot market US corn export prices recovered to the previous week’s level. Brazilian corn prices increased on average by $7/MT, while Argentinean corn prices rose by $4/MT. CBOT futures were supported by the following factors: positive data on ethanol production in the USA and lack…
In the current season (2016/2017) strong rapeseed demand from European countries due to a poor harvest has provoked a substantial decline in rapeseed crushing in Ukraine, Julia Garkavenko, chief oilseeds market expert of UkrAgroConsult notes. According to calculations, Ukrainian fat-and-oil companies processed about 200 KMT of rapeseed in July-November against 300 KMT at the same…
Bulgaria’s 2016/2017 rapeseed planted acreage was reduced by 2.3% to 170 thousand ha that is somewhat below its long-term average. Favorable weather conditions allowed farmers to get a record rapeseed yield in 2016/2017. The total rapeseed crop consequently hit 493.1 KMT in 2016/2017, i. e. exceeded the most optimistic expectations. Overall, the first months of…
In the current season of 2016/2017 Ukraine’s grain market has faced a shortage of rolling stock for transporting grain freights. However, while the transport shortage was previously associated with a lack of railcars, the availability of trucks has also become an acute problem now. The logistical difficulties in Ukraine have already caused changes in the…
Ukraine’s seaports handled 4.22 MMT of vegoils in January-November, up by 16.9% YoY (3.61 MMT). The greatest handling volumes were accounted for by the following ports: Mykolaiv (1.78 MMT), Chornomorsk (1.19 MMT), Yuzhny (0.94 MMT), Odessa (0.11 MMT) and Mariupol (0.07 MMT). Ukraine’s ports handled 34.986 MMT of grains in January-November, up by 6.3% YoY…