Riga Freeport cargo turnover in September
The cargo turnover surged by 30% month-on-month at the Freeport of Riga in September compared with August.
Вантажi: Grain
LTG Cargo Ukraine transported 128 wagons between Ukraine and Lithuania
From July to September, LTG Cargo Ukraine (a subsidiary of Lietuvos geležinkeliai (LTG Cargo)) transported 128 different wagons between Ukraine and Lithuania. In particular, the transportation of goods in grain hoppers involved cooperation between operators from Ukraine, Poland, and Lithuania – Ukrzaliznytsia, PKP Cargo, PKP LHS, and LTG Cargo.
Grain market. USA // Week 40
U.S. wheat prices have declined due to large global supplies and increased U.S. production estimates. Players have reported higher buying interest in wheat of various origins from Asian importers as world supplies are expected to tighten and prices are projected to rise in the coming months due to lower production in Australia and Argentina.
Grain market. Kazakhstan // Week 40
Prices for Kazakh wheat are growing, which reduces the interest of major importers in signing new deals. This year’s harvest problems remain the key reason for the upturn.
Grain market. Russia // Week 40
Grain export quotes have shown a noticeable drop on the Russian market. Pressure on prices came from slow trade caused by heavy crop and high export potential this season. According to country’s Agriculture Ministry, the gross grain harvest may reach 135 million t including 90 million t of wheat
Wagon queues at land border crossings*
A total of 12,200 wagons were waiting for unloading at Ukraine’s western land border crossing points on October 11, down 796 wagons compared with September 30.
Discounts for transportation of Ukrainian agri products through Moldova not implemented so far
During a meeting of Ukrainian, Romanian, and Moldovan railroaders, Valerii Tkachev, Director of the Commercial Department of Ukrzaliznytsia JSC, said that discounts on tariffs for the transportation of Ukrainian agricultural products have not yet been introduced.
Soybean market // Week 40
Export quotes for U.S. soybeans have dropped amid lively world trade and ongoing harvesting. Private exporters have sold 397,000 t of soybeans to China for shipments during MY 2023-24. Soybean harvesting is 23% complete against 20% in 2022 and a five-year average of 22%.
Grain market. Australia // Week 40
Harvesting is underway in Australia, which is putting pressure on quotes. At the same time, uncertainty about the volume and quality of the new crop is holding back producers’ sales. Trade remains steadily dull.
Grain market. South America // Week 40
Quotes for Brazilian corn are falling amid abundant supplies. Anec estimates Brazil’s corn exports in September at 9.3 million t vs. 6.4 million t last year. Anec experts forecast October corn shipments at 8.9 million t (6.8 million t in October 2022).