Ukraine restores forward contracts for grains and oilseeds
Ukraine is restoring forward contracts for grains and oilseeds, said Vadym Miroshnichenko, Head of Trade at Cargill, at Grain Ukraine 2024, Latifundist.com reports.
“Last year, at this time, we had a full grain terminal and 4 vessels in the Bosporus, but they could not enter, there was no talk of forwards. Now the Black Sea is working, there is predictability and stability, and forward contracts are emerging,” he says.
According to Oleksandr Golovin, Commercial Director of Kernel Trade in Ukraine, the company has resumed forward programs not only for oilseeds but also for wheat.
“Today, we can forward products not only on the terms of delivery to the terminal. We even forward on an ex-works basis – the elevator is pegged to the exchange rate,” Golovin said.
Read also
Sunflower meal supplies to China increased fourfold in March
Argentina to cut wheat production by a quarter in MY 2026/27
Brazil considers used cooking oil imports to expand SAF production
Ukraine and Saudi Arabia agree to deepen cooperation in food security
North American wheat market grapples with adverse weather conditions
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon