The demand for wheat is increasing at the Sofia Stock Exchange-Agro Plovdiv – 2024-09-01 12:02:50

This week, the international markets slightly increased the prices of grains, in Ukraine the offers are down

On Sofia Stock Exchange JSC trade in the subdistrict “Grain” moved, reports the Sofia Stock Exchange.

92,940,553 tons of bread wheat was offered in a particularly large quantity at BGN 350.00/t delivery EXW, but it is a harvest of previous years. 134,500 tons of this year’s harvest are sought at the higher price of BGN 370.00/ton.

The demand for fodder wheat is also increasing. Buyers are looking for just over 73 thousand tons at BGN 340.00 – 362.00/t with immediate delivery – DAP, sellers are asking BGN 400.00/t.

Corn for immediate delivery is available in the range of BGN 360.00 – 380.00/ton, and oilseed sunflower from BGN 820.00 to 840.00/ton. There is also an offer of fodder barley at a price of BGN 320.00/ton.

At the end of August, the Sofia Stock Exchange noted a slight movement of the prices of the main grain contracts on the world stock markets. FOB Chicago bread wheat moved up $3.00 this time to $218.00/t for September delivery. France also followed the upward trend by €3.00 to €209.00/t. Only Ukraine lowered its weekly quotes from last week by minus $2.00 to its level of a month ago – $225.00/t, and in Russia, the change was zero – $218.00/t.

Corn price action in the US and France is quite muted this time around, with both unchanged at USD 182.00/t and EUR 197.00/t respectively, and in Ukraine another drop after the previous move up , this week down $7.00 to $201.00/t.

Barley prices in Ukraine were again on a losing streak, shedding $5.00 to reach $185.00/t for September delivery, while Euronext rapeseed for November delivery, after a sharp rise and subsequent collapse, this week it recovers by EUR 20.00 to EUR 469.75/ton.

Crude sunflower oil contracts on the Rotterdam Stock Exchange have seen a number of swings since the start of the year. After falling hard for two consecutive weeks for August delivery, this week for September delivery they rebounded by $70.00 to $1,095.00/t.

Refined sugar also continued its long-term sine curve and these days rose sharply by $45.10 for October delivery to $557.20/t on the London Stock Exchange.