Grains and oilseeds: Ukraine stages incredible export recovery

February 9, 2024 at 11:01 AM , Der AUDITOR
Play report as audio

BRUSSELS. Ukraine’s exports have recovered to an incredible degree for wheat and corn. China’s soybean stocks have slumped by 19% and Tallage expects EU rapeseed production to decline in 2024/2025.

International demand for wheat declines sharply

Wheat has continued to slide on the back of sluggish international and sluggish European demand. Even Russia is struggling to sell prompting the quotations for 12.5% wheat to drop to USD 228/mt FOB Black Sea ports. As the Grain Union reports Russia’s exports stood at 405,600 mt on 05 February, which is 48% down on last year. Remaining export supplies range at 24.6 million mt. Egypt and Turkey have bought less, whereas shipments to Mexico are up. Algeria is increasingly turning to Russia rather than France.

View related articles

Go to the News Overview
Jun 25, 2024
CHRUDIM. Favourable weather conditions and large acreages should enable a significantly larger blue poppy seed crop in the Czech Republic than last year. The winter crop will also be available on the market in a few weeks.
Jun 25, 2024
DALIAN. The extremely high freight rates are making life difficult for Chinese suppliers, especially when it comes to concluding long-term contracts. Demand for shine skins is unusually high for this time of year.
Jun 24, 2024
NEW DELHI/BUENOS AIRES. Upward trending edible oil markets and increased demand from the Middle East are keeping Indian peanut prices from declining too much. The situation in America is mixed.
Jun 20, 2024
NEW DELHI/ISLAMABAD. Good crops in countries such as Pakistan are putting pressure on the Indian market. Thanks to successful tenders, South Korea is the most important buyer of sesame seeds from India.