The Ministry of Communities, Territories and Infrastructure Development of Ukraine has applied to the UN International Maritime Organization with a statement of intent to temporarily use the recommended sea route for grain exports after the shutdown of the Grain Initiative.
Prices for U.S. wheat have decreased following higher production estimates in the country (+2 million tons to 47.3 million tons) and the ongoing harvesting campaign (winter wheat harvesting was 46% complete by July 9), which lags behind last year and a five-year average pace (62% and 59%, respectively).
Prices for Kazakh wheat are stable, trade is inactive. According to some exporters’ estimates, wheat and flour exports from Kazakhstan in the current season may reach 8.8-9 million t.
Players note that the retreat of leading foreign grain traders from Russia (since July 1) has not yet affected the pace of sales and exports.
Prices for EU grains have been showing mixed dynamics. In its July forecast, Strategie Grains’ lowered the estimate of the EU 2023-24 wheat crop by 2.5 million t to 126.2 million t.
April (note that 178 and 180 vessels used the corridor in September and October 2022, respectively).
Up to 141 wagons per day were transferred through the the Vadul-Siret – Dornesti (Romania) land border crossing as of July 18 (down 10 wagons compared with the previous week).
A total of 1,545 wagons were handled at the Batiovo – Epereshke land border crossing point in the period from July 1 to July 17.
A new grain storage terminal will be built on the Danube by Soul Marine, a company established in early summer.
