Grain Highlights 07.02.2023
Egypt’s state company GASC has bought 60,000 tons of corn from Ukraine at 323 USD/ton C&F (308 USD/ton FOB + 15 USD/ton freight) with delivery in March. – According to data from Rosstat, the grain production in Russia was 153.8 million tons in 2022, including wheat production of 104.4 million tons, corn production of 11.8 […]
Baltic index logs fifth straight weekly drop on weaker vessel demand
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the fifth straight week on Friday, pressured by weaker rates across vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, fell 19 points, or about 3%, to […]
Grain Highlights 05.02.2023
Russian wheat export prices with February delivery fell by 3 USD/ton last week to 302 USD/ton due to strong supply. – Russian wheat export prices with February delivery fell by 3 USD/ton last week to 302 USD/ton due to strong supply. However, we also saw lower prices at the tender in Egypt, i.e. at the […]
Grain Highlights 03.02.2023
Given the unfavorable weather conditions in Russia, IKAR lowered its forecast for the 2023 wheat production from 87 million tons to 84 million tons. – Rusagrotrans raises its forecast for grain exports from Russia in 2022/23 to 56.6 million tons from 55 million tons in the previous estimate. – Given the unfavorable weather conditions in […]
Grain Highlights 02.02.2023
The Government of Russia introduces a quota for the export of grain from the country during the period 15.02.13.06.2023 in the amount of 25 million tons. – The Government of Russia introduces a quota for the export of grain from the country during the period 15.02.13.06.2023 in the amount of 25 million tons. In 2021/22, […]
Grain Highlights 01.01.2023
Over the period of January 1-30, 4.39 million tons of grain were exported from Russia (+100% compared to last year), including wheat exports of 3.74 million tons (+120%), corn exports of 492,000 tons (+58%) and barley exports of 124,000 tons (102,000). – In January, the export of wheat from Russia will reach 4 million tons, […]
Grain Highlights 31.01.2023
Rusagrotrans has lowered its forecast for the wheat production in Russia in 2023 by 1 million tons to 81.5 million tons. – During the week of February 23-29, 527,000 tons of wheat were exported from the Russian port of Novorossiysk (456,000 a week earlier), including 119,000 tons for Turkey and 111,000 tons for Kenya. – […]
Grain Highlights 30.01.2023
In this season, the shortage of wheat in Pakistan reaches 2.4 million tons. – Wheat areas in Russia will reach 29.05 million hectares in 2023 (29.468 in 2022). Areas with barley are estimated at 8,383 million hectares (7,996) and corn areas are expected to reach 2,953 million hectares (2,841). – From February 1, 2023, the […]
Shipping investment: Will higher steel values mean dry bulk carriers hold their value?
Investors in middle aged dry bulk tonnage may be cheered by the impact of sustained higher recycled steel values, according to research commissioned by the Baltic Exchange. Analysis of the dry bulk carrier values undertaken by consultancy Zuoz Industrial looks at the potential impact of longer-term higher ship recycling values on five year old tonnage. […]
Grain Highlights 28.01.2023
IKAR estimates the need to resow areas with winter crops in Russia in the spring of 2023 in the amount of 1 million hectares (0.8 – 0.85 in the previous estimate). – In the first half of 2022/23, wheat exports from Russia were 22.7 million tons (+0.2 a year earlier) against a forecast for the […]