On June 26, the Russian Federation completely stopped registering new fleet to enter Ukrainian ports. In the territorial waters of Turkey, 29 vessels are blocked, which are supposed to export 1.4 million tons of food mainly to five countries in Asia and Africa, including China, Egypt, Bangladesh and Turkey.
The European Investment Bank (EIB) will provide a €50 million loan for the construction of a new grain and bulk cargo terminal in the Bulgarian port of Varna.
In the period from June 30 to September 19, transportation of wheat (HS 1001), corn (1005), rapeseed (1205) and sunflower seeds (1206) intended for MMV Magyar Maganvasut (Hungary) is prohibited.
Dry weather conditions in key grain growing areas of the United States have a negative impact on soybean crops, triggering concerns about the future harvest. As a result, soy export quotes are going up.
Australian grain producers are reluctant to sell their stocks as the end of the fiscal year approaches. The market is fairly stable, with few deals.
Brazilian corn producers still do not hurry to sell, assessing production prospects in the country and in the US, as well as trying to sell their grain at higher prices.
Drought in key farming areas of the US Midwest had a negative impact on corn and soybean crops, raising concerns about production prospects and pushing prices up.
In Kazakhstan, grain prices have declined amid weak importers’ demand and competition with Russian traders. At the same time, buyers continue to insist on additional discounts.
The stevedoring companies operating at the Freeport of Ventspils reported a 19,000 t decrease in cargo turnover to 872,000 t in May compared with April.
Ahead of the new grain season, Container Terminal Mostyska offers container transportation.