Grain Highlights 29.05.2023
According to Rusagrotrans data, 4.3 million tons of wheat were exported from Russia in May (1.35 in May 2022). In June, wheat exports will be 2.6 – 2.8 million tons (compared to the record 2.77 million tons in June 2018). – The Government of Russia has approved new prices for determining export taxes on cereals. […]
The Port of Gothenburg signs sister port agreement with the Port of Shenzhen
The agreement was signed during a visit to the Port of Gothenburg by a delegation of 20 people from Shenzhen last week. The purpose of the agreement is to strengthen cooperation between the ports on issues such as sustainable transport, volume growth, and new technology. The Port of Shenzhen is the fourth-largest port in the […]
Grain Highlights 27.05.2023
Refinitiv Commodities Research forecasts a 2023/24 wheat production in the United States of 46.3 million tons (-1.5 compared to the previous estimate and 44.9 in 2022/23), including winter wheat production of 32.6 million tons (-1.3 and +2.6), spring wheat production of 13.7 million tons (-0.2 and -1.2). – During the week of 31.05 – 06.06.2023, […]
Grain Highlights 26.05.2023
The Ministry of Agriculture of Canada predicts a 2023/24 wheat production in the country of 35.8 million tons (+1.5 compared to the previous estimate and +2 compared to 2022/23). – According to data from the Ministry of Agriculture of Russia, in June the export tax on sunseed oil from the country will stay at 0%. […]
Grain Highlights 25.05.2023
Agroconsult has raised its forecast for the second corn production for 2022/23 in Brazil by +5.2 million tons to 102.4 million tons (+16.5 compared to 2021/22). – SovEcon forecasts a 2023/24 wheat production in Russia of 88 million tons, which is +1.2 million tons more than the previous estimate. – IKAR has raised its forecast […]
China: Iron Ore Inventory at 35 Ports Accumulated
SMM statistics showed that iron ore inventories across the 35 ports in China totalled 124.38 million mt as of May 19, up 1.95 million mt on a weekly basis, but down 5.29 million mt from the previous year. The daily average shipments from the 35 ports decreased 101,000 mt on a weekly basis to 2.76 […]
Algeria starts Arzew port expansion project
Algeria has launched a project to build two ship repair berths and expand other facilities at its Northern Port of Arzew, a newspaper reported on Monday. The two 220-metre berths will be dedicated to the maintenance and repair of large vessels owned by Algeria or other countries, the Arabic language daily Elkhabar said, quoting Transport […]
Grain Highlights 23.05.2023
According to Abiove’s forecast, soybean exports from Brazil in 2022/23 will be 95.7 million tons (+2 compared to the previous estimate and +17 compared to 2021/22). – SovEcon raised their forecast for the 2023/24 wheat production in Russia by 1.2 million tons to 88 million tons, including winter wheat production of 63.9 million tons and […]
Grain Highlights 21.05.2023
Refinitiv forecasts a 2023/24 wheat production in Australia of 29.6 million tons (39.2 in 2022/23), which is above the previous estimate. – Latest forecasts of Russian analysts for the new grain production 2023/24 in Russia show: Rusagrotrans estimates the total grain production in Russia at 129.8 million tons, including wheat production of 84.1 million tons. […]
U.S. West Coast ports regain lost volume as competitive pressure mounts
Some U.S. importers who shifted cargo away from West Coast ports to rival gateways over fears that labor contract talks could disrupt shipments have begun bringing some of that volume back, even as those negotiations stretch into their 13th month, company supply chain executives said. But anxiety over labor negotiations only explains part of the […]