UKRAINE MARITIME FARM EXPORTS AT 2.95 MLN T IN MARCH 1-15, MINISTRY DATA SHOWS
Ukraine’s maritime agricultural exports were at 2.95 million metric tons in March 1-15 and corn dominated the shipments, farm ministry data showed on Monday. Ukrainian maritime farm exports totlaled 6.38 million tons in February. The data showed that on March 1-15 traders shipped abroad 1.27 million tons of corn, 981,687 tons of wheat, 238,562 tons of barley, 234,015 tons of sunflower oil, and 116,136 tons of soybeans. The ministry data also showed that Ukrainian railway exports across western borders totalled 314,462 tons on March 1-15 versus 733,861 tons on Feb. 1-29. Ukraine also exported 71,789 tons of food products by lorries so far in March compared with 153,673 tons last month.
(Link: SuccessfulFarming)
WORLD RICE PRICES START TO DECREASE
On March 8, 2024, FAO announced the world food price index for February 2024 at 117.3. This number decreased by 0.7% compared to the previous month and decreased by 10.5% compared to the same period last year. This index is also much lower than the average food price index for 2022 – which is 144.7. That’s the result of falling prices for grains, including wheat and rice, and for vegetable oils. The monthly decline in rice prices occurred due to low demand for imported rice and the harvest just starting in some rice-producing countries.
In India, export rice prices this week fell from record highs as customers looked for other, cheaper sources of supply. 5% broken parboiled rice this week was offered at 548-555 USD/ton, down from 552-560 USD last week. India continues to restrict Basmati rice exports and maintain a 20% tax on Pratanak rice exports from August 2023. This week, Vietnamese rice prices increased slightly but are still much lower than the price at the beginning of the year. This week, Vietnam’s 5% broken rice was offered at 585 USD/ton, compared to 580 USD a week ago. Thai rice prices also decreased due to slowing demand for rice from other countries and currency devaluation. This week, Thailand’s 5% broken rice is offered at 615 USD/ton, compared to 620 USD/ton last week.
(Link: Vina.Net)
