Grain stocks in Russia up 6% from last year
GRAINS. According to some data of the Russian state statistics agency, grain stocks at farming, procurement and processing entities totaled 33.66 MMT as of August 1, 2018, or 5.7% more than on the same date a year ago.
Russian growers hold 16.3 MMT of wheat, or 9.1% more than last year, reports UkrAgroConsult.
Farmer stocks of corn decreased by 36.3%, to 548 KMT.
OILSEEDS. Farmer oilseed inventories in Russia totaled 469.4 KMT as of August 1, 2018, i.e. 28.6 KMT (6.5%) more than at the same time last year (440.8 KMT). In July, oilseed stocks decreased by 66.8 KMT.
Farmer inventories of sunseed totaled 142.3 KMT, i.e. 33.8 KMT (19.2%) less than in the same period last year (176.1 KMT). In July, sunseed stocks fell by 76.3 KMT, reports UkrAgroConsult.
Detailed analysis of the latest trends in oilseeds/vegoils/meals exports, palm oil imports, supply and demand balances with breakdown by crop as well as crop conditions and progress in planting/harvesting in the countries of Black Sea Region is available to subscribers for weekly market report "Black Sea Vegoils" by UkrAgroConsult.
Further prospects of the Black Sea oilseeds/vegoils market will be discussed at the VI International Conference “Black Sea Oil Trade”, which will take place on September 20, 2018 in Hilton hotel, Kiev, Ukraine.
Delegates from 20 countries have already registered for participation in the International Conference «Black Sea Oil Trade». Conference participants are usually represented by producers and crushers of oilseeds, traders, enterprises for deep processing of vegetable oils, investment companies, banks, law, shipping, brokerage, insurance and surveyor companies.
