Grain Highlights 26.01.2023
According to data from S&P Global Commodity Insights, wheat areas in the United States will be 20.2 million hectares in 2023/24 (+9% compared to 2022/23). – The export duty on Russian sunseed oil in February remains at zero rate, and the export tax on sunseed meal it will rise to 2,200.7 rubles/ton (1,826.9 in January). […]
Grain Highlights 25.01.2023
Over the period January 1-22, 2.8 million tons of grain were exported from Russia (+170% compared to the previous year), including wheat exports of 2,473 million tons (1,253). – According to Fedoil data, the processing of rapeseed in the EU reached 1.7 million tons in December 2022 (+3% compared to December 2021), which is the […]
Baltic index down for fifth day on lower vessel rates
The Baltic Exchange’s main sea freight index fell for the fifth straight session on Monday, as demand across vessel segments remained weak. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 23 points, or about 3%, at 740 — its lowest in over two-and-a-half years. The capesize index […]
Grain Highlights 24.01.2023
According to data from Oil World, over the period of October – December 2022, soybean processing in the world was 79.5 million tons (-1.2 compared to the previous year). – During the week of January 16-22, 482,000 tons of grain were exported from the Russian port of Novorossiysk (445,000 tons a week earlier), including wheat […]
Grain Highlights 23.01.2023
According to a study by Farm Futures, wheat areas in the United States will be 19.8 million hectares in 2023 (+1.3 compared to 2022), including winter wheat areas of 14.1 million hectares (+0.9) and spring wheat areas of 5.6 million hectares. – Rusagrotrans raised their forecast for the export of wheat from Russia in January […]
LNG carrier type of vessel
Did you know? Even amongst the LNG Carrier type of vessel, there are various tank styles with their own unique characteristics! The tank is a major characteristic of LNG carriers, as it stores the cargo at an ultra-low temperature. There are mainly three types of tanks—Moss type, Membrane type, and Self-supporting Prismatic shape IMO type […]
Grain Highlights 20.01.2023
According to a forecast by Refinitiv Commodities Research, the corn production in Brazil will reach 127.5 million tons in 2022/23 (+1% compared to the previous estimate and 113.1 million tons in 2021/22). – In 2022/23, the export of cereals from Russia is planned at the level of 55-60 million tons. The export quota over the period […]
Grain Highlights 19.01.2023
According to preliminary data of the tender held today, Algeria has purchased 570,000 tons of wheat at a price of 334.5 USD/ton C&F and delivery in March. – Russian President Putin has stated that exports from the country must be controlled. Sufficient stocks are needed and exports should not be made at any cost. Cold […]
Grain Highlights 17.01.2023
IKAR has raised its forecast for the wheat exports from Russia in 2022/23 from 44 million tons to 45.5 million tons. The estimate for grain exports has been increased from 53.5 million tons to 55.5 million tons. – Rosstat has lowered its estimate for the sunseed production in Russia in 2022 by 856,000 tons compared […]
DP World forecasts further freight rate fall as demand slows
DP World expects freight rates to drop by a further 15% to 20% in 2023, with the worst still to come as demand slows, the Dubai-based global logistics company’s deputy chief executive and chief financial officer Yuvraj Narayan told Reuters. Narayan said the first signs of a significant drop in demand were visible and freight […]