Grains

Grains and oilseeds: plan B

February 24, 2023 at 12:09 PM , Der AUDITOR
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BRUSSELS. All eyes are on the negotiations concerning the Black Sea grain deal, which is set to expire on 18 March. Grain exports from Ukraine only reached 3.3 million mt on 1-22 February as opposed to 4.07 million mt shipped in the same period last year. Demand for Ukrainian corn is also low as Russian inspectors are delaying shipments. While China is buying more canola in Canada, soy presents a challenge.

Bystre Canal as joker

Ukraine is calling for an extension of at least one year and would like the port of Mykolaiv to be included in the Black Sea grain deal, Russia is, by contrast, showing little interest in an extension. Ukraine, however, has a plan B. This involves the Bystre Canal in the Danube delta, which the country has already deepened to 7 metres on 116 km allowing small fully loaded grain ships to pass and ensuring that shipments from the Black Sea will be able to continue should the grain deal not be extended. Ukraine has stepped up its exports via its D

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