Brazilian corn prices have inched up despite the start of harvesting of the first crop in MY 2023-24. According to Conab, as of December 30, farmers processed 0.9% of the planned areas (0.2% as of the same date last year).
U.S. wheat export quotes have dropped, so demand has increased.
A total of 1.1 million t of cargo were transferred through the Chop – Zahony land border crossing point in 2023, of which 108,200 t fell on imported goods while 1 million t were export cargo. Thus, the cargo flow increased bylmost 400,000 t in 2023 compared with 2022 or 56% year-on-year.
Since August 8, as many as 469 ships have passed through the temporary corridor of the Naval Forces of the Armed Forces of Ukraine open for vessels heading to/from the Black Sea seaports of Ukraine. A total of 15 million t of cargo were shipped from the ports of Pivdennyi, Odesa and Chornomorsk, including…… Read more »
According to the Ministry of Economy of Ukraine, the overall export volume of goods in containers increased in 2023, showing a 86% hike in rail deliveries and a 36% rise in those by road. Note that container transportation is the most effective in terms of goods with a high added value.
The Australian grain export market looks dull after the holiday break. In the December report, the Grain Industry Association of Western Australia Inc (GIWA) lowered the forecast of winter grain production in Western Australia to 14.28 million t (vs. the November estimate of 14.51 million t).
Trade has been slack on the Kazakh grain export market, with offer prices unchanged.
Prices for Russian grains are stable, the market is quiet. The country’s government has approved the quota volume for exports of major grains (wheat, meslin, barley and corn) in the current season at the level of 24 million t (against 25.5 million t in the previous season).
Export quotes for EU grains have declined amid low demand during the New Year holidays. The tender from Egypt’s GASC has been canceled, most likely due to high bid prices.
The Ukrainian grain export market has been volatile over the holiday period. Corn remains the most liquid crop, although the volume of farmers’ offers has decreased.