Grain market. Kazakhstan // Week 24
The export market for Kazakh milling wheat has shown a price decrease given slow trade.
Commodity markets
Grain market. Russia // Week 24
In Russia, wheat export prices have inched up, while barley quotes have shown a decline. However, current offers are still voiced below the $240/t FOB wheat price limit set by the government.
Coal market // Week 24
Quotes for imported thermal coal have been growing on the West European market, although new signed contracts are extremely rare in the region.
Trans Adriatic Pipeline expands capacity: Construction to start in Kipoi in 2H 2023
The Trans Adriatic Pipeline (TAP) will soon begin construction work to increase gas supplies.
Italy remains the largest European buyer of Azerbaijani oil and gas
The international rating agency S&P Global Ratings reports that Azerbaijan is exporting mainly hydrocarbons to European countries.
Grain market. Australia // Week 23
Contrary to expectations of a smaller crop in MY 2023-24, quotes for Australian grains have decreased due to slow export trade.
Grain market. Kazakhstan // Week 23
Quotes for Kazakh wheat have increased despite heavy stocks.
Grain market. Russia // Week 23
Russian grain suppliers continue to lower prices amid the general market trend, as well as considering the large export potential and moderate importers’ demand.
Soybean market // Week 23
This week, export quotes for US soybeans have increased due to dry weather conditions in the US Midwest.
Grain market. South America // Week 23
In Brazil, corn prices have declined amid the start of harvesting and good yield prospects.