Grain and vegetable oil exports from some Ukrainian ports // Week 6
Grain exports from Great Odesa ports, thousand tonnes
Grain exports from Great Odesa ports, thousand tonnes
Ukraine exported a total of 27.5 million t of grain and leguminous crops during the period started July 1, 2022 and ended February 3, 2023 (down 30% compared to the same period of the marketing year 2021-22).
As many as 18 vessels with 664,000 t of Ukrainian agri products on board departed from the ports of Great Odesa from Jan 23 Jan 29, carrying the cargo to foreign markets.
The fact that VLSFO and MGO prices have stopped growing this week has been the only positive news for small-tonnage owners.
Export quotes for Kazakh grains hold steady amid slow trade both on export and domestic markets. In general, however, the pace of grain exports this season is slightly higher than in the previous one.
In Russia, players note a decrease in export quotes for milling grains and an upturn in feed prices. This trend generally reflects the level of export potential for corresponding grains in the country.
In Brazil, the delay in safrinha corn planting is supporting relevant quotes. As of January 28, planting of safrinha was 3.9% complete vs. 14.5% as of the same date last year, Conab reports.
The Australian grain export market has been stable this week. Farmers are expected to step up grain sales as they begin to buy fertilizers for the next planting.
Prices for US wheat have increased on fears that a cold snap could damage the crop. According to the USDA, the state of winter wheat crops has improved in Kansas (the largest producer state), while crop state has worsened in Oklahoma (producer No. 3).
EU grain suppliers have raised export prices due to quite strong importers’ demand and brisk shipments.