Today is July 13, 2022. The contents of today's international market are as follows:

Let's collect some questions about Ukraine's grain export first.

This week, official sources from Ukraine said that the transport route through the Danube to the Black Sea had been resumed.

More news also shows that in the past, 16 freighters arrived at Ukrainian ports through this route.

However, according to the information we collected about Ukraine's grain export, the Danube-Black Sea route is not the main channel for Ukraine's grain export, and this route has high logistics costs.

The latest official news from Ukraine also verified our guess. According to the Ministry of Infrastructure of Ukraine, if grain stocks are transported through this route, the monthly grain export may increase by 500,000 tons.

This also means that Ukraine's grain export is still limited, and due to the high logistics cost, the current Ukrainian wheat export quotation has dropped to about 200 US dollars, but the quotation is still very small.

It is worth noting that the main transportation area of this line is Europe.

At present, the United Nations, Turkey and Russia are still actively organizing negotiations on Ukraine's grain export. This week, UN Secretary-General Guterres said that there is still a way to go when talking about the resumption of negotiations on grain export in Ukraine's Black Sea.

From the traditional export route, it is the most important route for Ukraine to export grain through the Azov Sea, and it is also one of the most convenient routes to export grain through Belarus.

Judging from the current relevant negotiations, Russia hopes to obtain sanctions exemption from western countries, and Ukraine also hopes to gain more international support through this negotiation.

Up to now, western countries have made it clear that they will not discuss Russia's sanctions exemption, and Ukraine has also rejected all port blockade lifting agreements that do not consider Ukraine's interests.

It is reported that the torpedoes in Ukrainian ports have not been cleared.

But on the whole, except for some poor countries, after the strengthening of the US dollar and the recent sharp correction of international food prices, major food importing countries have completed a certain degree of stocking demand. However, in anticipation of the global economic downturn, concerns about food supply have dropped significantly in recent days.

The latest data shows that the price of a batch of corn purchased by Korean feed suppliers in Asia this week has been as low as $ 320-330. Although it is still at a historical high, it has fallen by nearly 20% compared with the previous position of around $400.

Russian port, Black Sea port 12.5% protein new season wheat export price is $358 per ton, down 17 from a week ago.

For African countries that used to rely on wheat supply in the Black Sea region, they still face the problem of food shortage. Unlike some other countries that can bypass western sanctions on imports, these countries usually have weak purchasing power in the international market, and from a global perspective, the current low prices do not mean the end of the tight supply situation.

We learned from relevant channels that Israel, which used to import half of its wheat through Russia and Ukraine, is now considering importing wheat from Kazakhstan to replace the grain supply in the Black Sea region.

After the global food supply is facing a phased relief, the Asian vegetable oil market is facing another situation

Earlier, Indonesia announced that palm oil exports in this region were tight, which led to a sharp rise in global vegetable oil prices. Buyers, including India, had to pay a high price, and the highest purchase price approached about $65,438 +0.750. However, less than a month after Indonesia reopened palm oil exports, the palm oil futures price in this region plummeted to a position near $65,438+$0,000, which made many buyers' markets refuse to implement previous contracts, and some traders had to renegotiate the purchase price with buyers recently.

The situation from the Asian palm oil market also shows that the overall price of grain, oil and food has been hoarding this year, which has led to a significant deviation from the normal range.

However, the plunge in palm oil prices will still attract new buyers.

Judging from the current forecast data, India's palm oil imports may hit a new high of 10 month in July this year, and may reach the level of 700,000-800,000 tons.

Up to now, the price of crude palm oil delivered to India in July is about $65,438+065,438+000 per ton, the price of crude soybean oil is about $65,438+0360 per ton, and the CIF price of crude sunflower oil is about $65,438+0675 per ton. Obviously palm oil is more competitive.