Grain market. USA // Week 29
World wheat prices have surged after Russia’s withdrawal from the Grain Initiative, as well as amid Russian attacks on Ukrainian ports.
Commodity markets
Grain market. Kazakhstan // Week 29
Amid the drought, Kazakh farmers have started to restrain grain sales, reducing the already slow trade in the region.
Grain market. Russia // Week 29
Mixed price trends have been seen on the Russian grain export market. Quotes suffer pressure from grain quality issues, which is so far worse than in previous seasons.
Grain market. EU countries // Week 29
Grain traders from EU countries have noticeably raised offer prices, following the futures levels, as shipments from Ukrainian Black Sea ports have stopped and there is no hope for their recovery.
Market of complex and potash fertilizers // Week 29
The Ukrainian phosphate fertilizer market is generally unchanged. Demand remains low.
Nitrogen fertilizer market // Week 29
In Egypt, urea prices have continued to rise this week, but holidays have started in the country that will last until Monday.
Sunflower oil market. Ukraine // Week 29
The Ukrainian sunflower oil market is inactive. Offers are virtually absent as there is no possibility to ship via the grain corridor.
Iron ore market // Week 29
Iron ore prices have sagged in China amid sluggish trade, tightened production curbs in Tanshan as well as due to expected increase in the domestic iron ore production in the second quarter of 2023.
Steel scrap market // Week 29
Negotiations for the procurement of imported steel scrap have picked up somewhat in Turkey closer to weekends after exporters increasingly started providing discounts.
Coal market // Week 29
Despite some trade recovery on the West European market for imported thermal coal, spot quotes have inched down in ARA ports.