Sergey Feofilov: Fundamentals for 2020 year crop

Black Sea Grain Production\Supply: Unusually broad range of crop forecasts of 60-75 MMT for Ukraine and 125-133 MMT for Russia. Weather will be critically important for the grain production forecasts in the next 4-5 weeks.

Demand transformation: Key issue for next 12-18 months is how solvent will be demand for grain. Another aspect of the demand development – localization of food production and how much it will cost. A new undertaking – to predict how much money will be available in importing countries to buy grain.

Price behavior: Grain prices will recover after new realities are established and changes in the demand structure are over. Wheat prices may strengthen in 12-18 months as raw material markets are sluggish currently.

More detailed information on the latest trends in grain exports, supply and demand balances with breakdown by crop, price behavior, crop conditions and progress in harvesting/planting in the countries of Black Sea Region is available to subscribers for Online Analytics "Black Sea Grain" in the new innovative tool for agri market participants – AgriSupp by UkrAgroConsult. Subscribe to a 14-day free trial!!

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