Grain Highlights 23.08.2023
SovEcon has revised its forecast for wheat production in Russia, suddenly increasing it by 5 million tons to 92.1 million tons (up from the previous estimate of 87.1 million tons). SovEcon has revised its forecast for wheat production in Russia, suddenly increasing it by 5 million tons to 92.1 million tons (up from the previous […]
Grain Highlights 22.08.2023
In August, India is expected to experience the lowest rainfall levels since 1901 (when observations began). During the period of 01.07 – 16.08.2023, Russia exported 9.1 million tons of grain, including 6.8 million tons of wheat (3.85% higher than the same period a year earlier). Saudi Arabia purchased the most grain, totaling 1.25 million tons, […]
Grain Highlights 18.08.2023
APK-Inform forecasts the grain production in 2023/24 in Ukraine at 53.1 million tons (53.9 in 2022/23), including wheat production of 20.6 million tons (-1%), barley production of 5.5 million tons (-1%), and corn production of 25.5 million tons (-2%). From 23.08.2023, the export tax on Russian wheat will be 4,269.9 rubles/ton (3,712.8 a week earlier), […]
Kazakhstan could redirect oil exports via Russia’s Baltic ports if Black Sea situation worsens -Kaztransoil
Kazakhstan could redirect oil exports to Russia’s Baltic Sea port of Ust-Luga instead of Novorossiysk, if the situation on the Black Sea deteriorates, the head of Kaztransoil’s transport department said on Friday. Kaztransoil’s Abay Beisembaev said during an online briefing: “If the situation in the Black Sea worsens, the volumes that we transport in the […]
Grain Highlights 19.08.2023
India and Russia are discussing the possibility of India purchasing 8 to 9 million tons of wheat. India and Russia are discussing the possibility of India purchasing 8 to 9 million tons of wheat. The deficit in the Indian domestic market is expected to be 3 to 4 million tons. India is seeking a price […]
Baltic index up for 3rd day on firm rates for larger vessels
The Baltic Exchange’s main sea freight index .BADI rose for a third straight session on Monday, buoyed by an uptick in capesize and panamax vessels rates. * The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, rose 9 points to 1,145. * The capesize index .BACI […]
Grain Highlights 08.08.2023
IKAR has increased its forecast for the grain production in Russia in 2023/24 by 2.5 million tons, reaching 137 million tons, including 88 million tons of wheat (compared to 86.5 million tons). SovEcon has raised its forecast for wheat exports from Russia in 2023/24 to a new record level of 48.1 million tons (compared to […]
SAAM Closes First Half of 2023 with Net Income of US$33.5 Million
SAAM [SM SAAM] reports net income of US$33.5 million for first half of 2023. Sales totaled US$449.2 million (+10%) and consolidated EBITDA US$136.2 million (-2%). “The towage division has continued to grow, thanks to increased activity and newly consolidated operations, as well as new assets in Brazil and adequate cost containment. However, there was a […]
Grain Highlights 05.08.2023
According to the forecast by Rusagrotrans, Russia is expected to export 4.7 – 4.9 million tons of wheat in August 2023 (2.23 million tons more than the previous year). According to the forecast by Rusagrotrans, Russia is expected to export 4.7 – 4.9 million tons of wheat in August 2023 (2.23 million tons more than […]
Rotterdam bunker sales volumes down 10% in Q2, HSFO gains market share
Total Rotterdam bunker sales volumes (excluding lubes) fell by 10% in Q2 2023, according to new data from the Port Authority. VLSFO sales fell by 8% on the quarter to 906,368 mt, a level 15% lower than the previous year. The fuel type continued to account for the majority of demand in Q2 (excluding lubes), […]