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.
About 7,900 wagons with grain were found waiting for unloading at Ukrainian sea ports on January 4, 2024. Taking into account that approximately 1,100 wagons per day are accepted at the stations
Almost 9,500 wagons were waiting for unloading at Ukraine’s western land border crossing points on January 3 (down 531 wagons compared with December 27). In particular, as many as 1,203 wagons were standing loaded with grain on January 3 (down 63 units compared with December 27)
Ukraine exported almost 19 million tonnes of grain and legumes in the period from July 1, 2023 when the current marketing year started and up to January 15, 2024, showing a plunge of 23% compared with the same period of the MY 2022-23.
According to actual data, Ukraine exported almost 2.737 million t of grain in December 2023 compared with 2.43 million t in November 2023. Not less than 2.1 million t of grain meant for oversea shipments arrived at Ukraine’s ports in December (against 1.7 million t in November).
About 266 wagons were transferred daily through the Chop – Čierna nad Tisou land border crossing point as of December 21 (up 9 units per day in two weeks). Approximately 199 wagons per day were moving on export routes (down 1 unit), while 67 wagons arrived with imported cargo (up 10 units).
The Cabinet of Ministers of Ukraine signed Resolution No. 1402 dated December 27, 2023 “On Approval of the Lists of Goods Subject to Licensing and Quotas for 2024”. The resolution came into force from January 1, 2024.
Grain exports from Ukraine exceeded 2.3 million t in December 1-27, 2023 compared with 2.43 million t in November 2023. About 1.78 million t of grain were shipped from Ukraine’s ports in December 1-27 against 1.7 million t in November