Ukraine’s exports boost Romanian port operator Comvex and TTS logistics
Romanian port operator Comvex and freight logistics group TTS reported a surge in 2022 net profit, boosted by a rise in Ukrainian exports of grain and other cargo through Romania’s Black Sea port of Constanta. Romania became one of the main transit routes for Ukraine’s grain and cargo such as iron ore that could not […]
Grain Highlights 01.05.2023
As of 04/24/2023, according to FranceAgriMer data, 44% of the planned corn areas in France have been sown (+24% for the week and 56% a year earlier). – During the week of May 4-11, the export tax on Russian wheat will be 5,573.2 rubles/ton (5,678.9 a week earlier),2,195.4 rubles/ton on barley (2,496) and 3,000 rubles/ton […]
Grain Highlights 29.04.2023
According to the forecast of APC – Inform, the sunseed production in Ukraine will reach 12.78 million tons in 2023 (+15% compared to 2022). Sunseed exports are projected to reach 1.4 million tons (-39%). – In April, the American bank JPMorgan received permission from the US authorities to carry out operations jointly with Rosselkhozbank related […]
Grain Highlights 28.04.2023
Refinitiv Commodities Research has lowered its forecast for the 2023/24 EU soft wheat production by 1 million tons to 131.2 million tons (126 in 2022/23). – Over the period of April 1-25, concluded but unfulfilled deals for the export of Russian wheat reached a minimum level of 1.7 million tons (2.4 a month earlier), which […]
Baltic index slips on weak capesize, panamax demand
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, snapped a four-session winning streak on Tuesday, pressured by lower rates for capesize and Panamax vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, lost 7 points, or 0.5%, at 1,510. The capesize […]
Grain Highlights 26.04.2023
According to a Rusagrotrans forecast, the wheat production in Russia will reach 83.5 million tons in 2023/24 (+1 compared to the previous estimate). At the end of March, the forecast was increased by 1.5 million tons. – In May, the export tax on Russian sunseed oil will be 1,122.2 rubles/ton (1,398.9 in April). – MARS […]
Grain Highlights 25.04.2023
Weather conditions in Ukraine create serious problems for the sowing of spring crops. Rainfall is not much in volumes, but at the same time there are no sunny days to allow the soil to dry out for the sowing process to begin. – IKAR has lowered its forecast for the wheat production in Russia in […]
Mighty fall: Container line profits plummet from historic peak
China’s Cosco Group — the world’s fourth-largest container line operator with an 11% market share — finally closed its books on 2022 just as the first quarter of 2023 came to an end. The Chinese company’s results highlight the steep decline that began last year and that continues through today. Early revenue reporting on the […]
Grain Highlights 22.04.2023
Agritel forecast a 2023/24 Russian wheat production of 83.2 million tons. The Ministry of Agriculture of Russia predicts a wheat production of 78 million tons (104.2 in 2022/23). – During the week starting on 26.04.2023, the export tax on Russian wheat will be 5,759.5 rubles/ton (5,678.9 a week earlier). The export tax on barley will […]
Grain Highlights 21.04.2023
The Ministry of Agriculture of Russia forecasts a 2023/24 grain production in the country of 123 million tons, including wheat production of 78 million tons. – The CNH Industrial company, which is one of the leading manufacturers of agricultural machinery in the world, is leaving Russia and selling its assets in the country for about […]