The Ukrainian grain export market continues showing mixed price trends in late January-early February. Traders’ attempts to sell as much agri products as possible by sea before the next prolongation of the Grain Initiative supported domestic prices and put pressure on export quotes.
The return of dry weather to Argentina and increased Chinese demand after the holidays supported prices on the US soybean market.
Grain exports from Great Odesa ports, thousand tonnes
Mixed price dynamics have been reported on the Russian grain export market. Quotes suffer pressure from low demand on the spot market and lower domestic prices.
Demand for US-origin soybeans is slackening, as the new crop soy is going to appear in the market soon. At the same time, prices have grown this week after both production and export estimates dropped in the USDA’s Jan report.
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.