Grain export quotes hold steady in Kazakhstan. Trade remains dull. At the same time, according to the latest USDA report, the volume of wheat imports into Kazakhstan amounted to 1.5 million t this season (up 500,000 t to the previous forecast).
The Freeport of Riga ended December 2022 with a record handling volume of cargoes compared to the previous two years.
The stevedores operating at the port of Klaipeda handled a total of 2.8 million tonnes of various types of cargo throughout Dec 2022 (down 301,000 t from the Nov volume).
The total cargo turnover amounted to 629,000 t at SEZ Liepaja in Dec 2022, which was 11,000 t below the Nov result.
According to official data, the volume of grain loaded at Ukrainian railway stations amounted to 2.7 million tonnes in Dec 1-31, 2022, while the total loading volume of all goods at the Ukrzaliznytsia’s network reached 8.96 million tonnes in the same period.
From the beginning of the current marketing year on July 1 and until Jan 9, Ukraine exported a total of 26.3 million t of grains and legumes, falling some 30% behind the volume seen in the same period of the marketing year 2021/2022.
In early Jan, export quotes for Ukrainian grains have shown an upturn in almost all positions, which generally corresponds to world trends.
Prices for EU grains have been mainly growing due in part to a tender announced by one of the key importers in the past, Tunisian ODC. Within the tender, ODC has purchased 100,000 t of wheat at $351.86-353.89/t C&F and 75,000 t of barley at $318.05-320.05/t C&F.
Quotes for grains and oilseeds have been showing a downtrend this week. Thus, prices for US wheat have declined due to high export pace in the Black Sea region and Australia.
Export prices for Brazilian corn have fallen due to stiff competition with other origins, while the shipping volumes remain modest. According to Anec, the total corn exports amounted to 43.17 million t in 2022 compared with 20.6 million t in 2021.