Market Information Tuesday 30 August 2022

Ukraine’s agriculture minister announced Monday that Ukrainian agricultural exports are expected to reach 6 million tonnes in October, double the exports of July. Ukraine is one of the largest exporters in grain and vegetable oil, but exports virtually came to a halt earlier this year following Russia’s invasion of Ukraine. In 2021, Ukraine’s agricultural exports set a record at 86 million tonnes, but they are not expected to exceed 50 million tonnes in 2022.

After rising by nearly 40% last week, the gas price for a megawatt-hour fell by more than 20% yesterday at the start of the day, to a price of EUR 270 on the Amsterdam stock exchange. This drop came as a result of Germany’s announcement that it is filling gas reserves faster than expected.

The confidence index among Dutch entrepreneurs in the manufacturing industry fell to 4.6 in August while in July the index stood at 8.4, according to figures published by Statistics Netherlands. The decline in producer confidence was visible in almost every sector in August, with the exception of the food and beverage industry.

The 6M Euribor is unchanged at 0.98% compared to previous business day. The 10Y Swap increased with 12 basis points to 2.42% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.