Grain

The increase in the cost of logistics does not increase exporters’ income, since the pressure of freight rates is actually transferred to FOB and domestic prices in Ukraine.

Russian grain exports to Iran have been halted by the war in the Middle East.

In February, Ukraine exported 5 million tons of agricultural products – 0.3% more than in the same period of the previous month.

The share of shipments to ports in the structure of rail grain exports is stable at 91%.

The French President called on the European Union to quickly adopt the 20th package of sanctions, introduce a “complete ban on maritime services” for Russian oil exports, and step up the fight against the so-called “shadow fleet.”

Since February 10, the average daily load has been above 100 thousand tons, and the peak fell on February 15 — 112.5 thousand tons.

Despite the seasonal decrease in activity during the holy month of Ramadan, Egypt is interested in purchasing Ukrainian wheat.

Traders have mostly already formed export batches, and the supply from farmers has increased due to the need for working capital.

The key drivers were exports from South America, soybeans and wheat – and this is already supporting freight indices.

In the February report, the corn harvest in Ukraine was left at 29 million tons, but the export forecast was reduced to 22 million tons.