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Analytics, Forecasts, Comments. Objective information about agricultural markets.
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10 mln tonnes of goods exported via Ukrainian Sea Corridor

During the operation of the sea corridor established by the Ukrainian Navy, more than 300 ships left the ports of Great Odesa, exporting 10 mln tonnes of cargo. On December 19, Deputy Prime Minister - Minister of Development of Communities, Territories and Infrastructure of Ukraine Oleksandr Kubrakov announced this on his Facebook page.

"302 vessels exported products of Ukrainian farmers and other goods to 24 countries of the world. During the 4 months of operation of the corridor, we expanded the range of goods and started their export. I note that the volume of agricultural products has increased significantly – from 278.000 tonnes in the first month to almost 5 mln tonnes now," he emphasized.
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Moldovan farmers insist on sustaining restrictions on grain and oilseed imports from Ukraine

Moldovan farmers, represented by the association "ForΘ›a Fermierilor," are pressing the republic's government to promptly establish a "stable and sustainable mechanism" for restricting the import of grains and oilseeds from Ukraine. This demand was articulated in a statement published on December 18, Newsmaker.md reports.

The representatives of the association reminded that on October 4, 2023, Moldova introduced licensing of the import of grains and oilseeds from Ukraine during the state of emergency, but the state of emergency is planned to be canceled from January 1. In this regard, the agrarians demand that the government urgently implement "a stable and stable mechanism for restricting the import of grain and oil crops from Ukraine, similar to those introduced in Romania and Bulgaria."
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Egypt booked nearly 500 thsd tonnes of wheat in an international tender

According to market participants, Egypt's state grain buyer GASC in an international tender purchased 480.000 tonnes of wheat of Russian origin.
Under tender terms, grain delivery is to be carried out in February 2024.
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Kazakhstan slightly increased barley export

Wheat exports from Kazakhstan fell by 16% in the first 2 months of 2023/24 MY. At the same time, the situation with barley deliveries to foreign markets still looks more optimistic.

According to official statistics, for 2 months of the new season (September-October 2023), Kazakhstan exported 224.82 thsd tonnes of barley, which is slightly higher y-o-y (221.96 thsd tonnes), APK-Inform reports.
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Ukraine's losses from November-December border blockade could hit $1.5 bln – NBU

The National Bank of Ukraine has projected that the reduction in Ukraine's foreign trade volume, resulting from restrictions on freight transport movement through the western borders in November and December, may amount to $1.5 billion. Notably, the specified reduction reached $860 mln in November, with an anticipated additional decrease of $620 mln in December, as reported by RBC-Ukraine.

"According to the NBU's estimates, the blocking of specific land crossing points along Ukraine's western borders resulted in export losses of $160 mln in November, coupled with a reduction in imports by $700 mln. Even greater impact on imports is attributed to their higher reliance on road transport compared to exports," the experts clarified.
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Every region in Russia now authorized to export corn and rice to China

All regions across the Russian Federation will have the opportunity to export corn and rice to China, as outlined in the recently signed Addendum amending the Protocol on phytosanitary requirements for corn, rice, soybeans, and rapeseed shipments from Russia to China. The announcement was made by the Rosselkhoznadzor press service on December 19.
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Soybean prices in Ukraine projected to start decreasing in January

Recent excitement in the Ukrainian soybean market may decline due to shifts in global markets. Such an assumption was made by the experts of the analytical center of the agricultural cooperative "PUSK", created within the framework of the Ukrainian Agrarian Council, during the briefing on December 19, the press service of the UAC reported.

As experts have noted, the supply of soybeans on the Ukrainian market is currently extremely low, despite the sufficient volumes of the oilseed in the country.

β€œBut there is a huge demand generated by traders and other buyers. Prices have been steadily rising in recent months. Soybean sellers observed that the price of oilseed adds 5-10 USD/t almost every week, so they expected further growth and kept the product," they said.
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Ukrzaliznytsia cancels convention for oil processing product transportation to Poland

JSC "Ukrzaliznytsia" will cancel the temporary ban on the transportation of cake, meal and oil in the direction of the IzΓ³w-HrubeszΓ³w border crossing (Poland). This information was made public by Valery Tkachev, deputy director of the company's commercial work department, Rail.insider reports.

"The conventional ban on the shipment of meal/cake/oil (groups 54, 55) in the direction of the IzΓ³w-HrubeszΓ³w border crossing (Poland) will be lifted on December 20, 2023 from 20:00 (except for the cars of JSC "Ukrzaliznytsia")," V. Tkachev specified.
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Transit railway transportation discounts through Moldova's territory extended for 2024

The impact of discounted tariffs on transit rail transportation of goods from Ukraine across the territory of the Republic of Moldova has been prolonged until 2024. This was stated by the deputy director of the commercial work department of JSC "Ukrzaliznytsia" Valery Tkachev during an online meeting with carriers from Romania and Moldova on December 19, Rail.insider reports.

"The Railways of Moldova announced an extension of the tariff discounts for transit transportation throughout 2023 and 2024. Additionally, a special discount has been introduced for transportation through Kuchurgan... And today we have discounts for all transit routes through the territory of Moldova, without exception. I urge Ukrainian shippers to consider maximizing the transportation of goods through Moldova to take advantage of these favorable conditions," said V. Tkachev.
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Russian wheat harvest will exceed 90 mln tonnes in 2024 – forecast

The analytical company SovEkon has revised its projection for the 2024 wheat harvest in the Russian Federation, increasing it by 1.5 mln tonnes from the previous estimate to 91.3 mln tonnes. The updated forecast now closely aligns with the initial assessment of this year's grain harvest, standing at 91.7 mln tonnes, the company said in a statement.
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Ban on the shipment of Kazakh grain, oilseed, and oil exports to China extended until the end of 2023

Problems with the export of Kazakh agricultural products to China continue. As APK-Inform learned from market participants, Kazakhstan's national carrier KTZ extended the ban on receiving agricultural cargo and food products in the direction of China at the Dostyk station.

Effective immediately and lasting until December 31, 2023, a prohibition has been imposed on the transportation of grain, wheat, barley, and oilseeds in grain trucks. Additionally, during this period, a ban is in place on the receipt of sunflower seed, rapeseed, and soybean oil in tanks.
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Ukraine and Poland expected to reach consensus on border situation this week - Kubrakov

Ukraine and Poland hope to come to a common position this week, which will allow unblocking border checkpoints. aiming to facilitate the reopening of border checkpoints. Deputy Prime Minister for Reconstruction of Ukraine and Minister of Development of Communities, Territories, and Infrastructure, Oleksandr Kubrakov, expressed this expectation following a meeting with Poland's new Minister of Infrastructure, Dariusz Klimczak, in Warsaw the day before, as reported by the Ministry of Reconstruction's press service on December 21.

"We discussed several issues in the transport sector, with the main focus on unblocking the border. We presented key figures and analytical data on cargo transportation by Ukrainian and Polish carriers, demonstrating that the issues raised by the protesters do not actually exist," stated O. Kubrakov.
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Kazakh Agricultural Producers Advised to Cultivate High-Profit Crops – NOPA

In the medium term, Kazakhstan needs to diversify its acreage with a transition to highly profitable crops (oilseeds, corn, feed crops). Vice Minister of Agriculture Erbol Taszhurekov announced this task at a meeting with deputies of the Senate of Parliament. The National Oilseed Processors Association (NOPA) fully supports this initiative.

"Currently, we are facing a critical shortage of sunflower seeds in the domestic market," stated NOPA to APK-Inform. "Even with the active processing capacity of sunflower seeds reaching 3 mln tonnes, this year's sunflower seed production stands at 850 thsd tonnes, down 17% compared to last year (200 thsd tonnes). Despite this shortage, in the 2022/23 MY (September 2022 - August 2023), Kazakhstan exported over 312 thsd tonnes of sunflower seeds – a 40% increase from the previous season (September 2021 - August 2022)."
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6 mln tonnes of grain shipped via Odesa's latest export corridor

A total of 6 mln tonnes of grain has already been successfully exported from the ports of the Odesa region since the beginning of operations of the alternative Black Sea corridor. Oleg Kiper, the head of Odesa Regional Military Administration (RMA), stated this during a press conference on December 21, Ukrinform reports.

"Today, not only grain is exported. 2 mln tonnes of other groups of goods were exported through the new corridor. But grain export reached 6 mln tonnes," said O. Kiper.
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Ukraine and Moldova sign protocols for simplified border crossing

Ukraine and Moldova continue to implement agreements on joint control at border checkpoints. Thus, during the online meeting of the Prime Minister of Ukraine Denys Shmyhal and the Prime Minister of Moldova Dorin Rechan on December 21, a number of protocols were signed that will simplify and reduce the time of crossing the Ukrainian-Moldovan border for citizens and goods, the communications department of the Secretariat reported CMU.

"Today's agreements will not only intensify trade and economic cooperation between Ukraine and Moldova, but will also increase the efficiency and effectiveness of the border's capacity using the best European practices. The latter is particularly important in the context of our joint movement towards the European Union," D. Shmyhal emphasized.
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Ukraine to remain one of the TOP-3 agriproducts suppliers to the EU in 2023

Ukraine has demonstrated a notable 11% year-on-year increase in the supply of agricultural products to the European Union during the first nine months of 2023. Ukraine continues to hold the third spot among the largest suppliers of agricultural products to the EU. This is stated in the European Commission's December report on EU agricultural trade, reports Ukrinform.

"Imports from Ukraine showed the largest increase from January to September compared to 2022 – by 891 mln EUR (or by 11%), mainly due to higher imports of grains. However, EU imports from Ukraine, while lower than 2022 levels starting in June, nearly rebounded to the 2021 level by September 2023," the report says.
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10% of corn is yet to be harvested in Ukraine

As of December 21, Ukraine harvested grains and pulses from 10.51 mln ha (96% of the forecast). The tidal production amounted to 57.86 mln tonnes, with an average yield at 5.51 t/ha. This was reported by the press service of the Ministry of Agrarian Policy of Ukraine with reference to operational information on the progress of the harvesting campaign.

As of the reporting date, corn harvesting remains underway, covering 3.57 mln ha (88% of the forecast).
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Trading activity in the wheat market of Kazakhstan remains low

According to the monitoring data from APK-Inform Agency, the food wheat market in Kazakhstan experienced a week of subdued trading and purchasing activity. Many market participants reported plans to resume operations after the New Year holidays.
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GASC announces tender for soybean oil and sunflower oil

According to market participants, Egypt’s state buyer GASC announced an international tender to purchase 30 thsd tonnes of soybean oil and 10 thsd tonnes of sunflower oil.

The delivery is planned for February 14-29 or March 1-14. Offers should be made on payment at sight with a letter of credit within 270 days.

The tender is expected to close on December 27.

At the previous tender, Egypt purchased 50 thsd tonnes of edible oils.
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