Grains and oilseeds: heavy blow to shipments

December 16, 2022 at 11:25 AM , Der AUDITOR
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KIYV/BRUSSELS. Russia has intensified its missile attacks on Ukraine’s critical infrastructure with a barrage of rockets being fired at several parts of the country on Friday morning. Loading of grains and oilseeds is also slow to pick up in the port of Odessa after recent attacks as power cuts are frequent, truck freight costs are up and trucks are lacking. Yet, Ukraine has managed to export 19.7 million mt of grains in 2022/2023 so far, which however is 31.5% down on the 28.7 million mt exported in the same period last year. Russia may, by contrast, be able to increase exports to 25.5 million mt.

France to up wheat exports

The continuing war has caused Ukraine’s wheat exports to slump by 50% to 7.3 million mt and there is little hope that things will improve while Russia continues to attack the country. Russia has, by contrast, exported 20.2 million mt of wheat this season so far, which is 1.5 million mt up on last year. EU wheat imports have also surged to 3.5 million mt in 2022/2023, as opposed to 1.3 million mt recorded last year. In addition, EU exports climbed to 15.4 million as of 11 December, which is up on the 14.5 million mt shipped last year.

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