Grain

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.

The Russian oil and gas corporation planned to diversify its business through grain trading in Dubai, but US sanctions thwarted the project before operations could begin.

Russian shelling of port infrastructure affects the pace of grain exports from Ukraine and leads to the accumulation of products.

Prices are being pushed up by demand from Turkish buyers and logistical disruptions.

At the same time, American agricultural products will receive duty-free access and state subsidies for wheat imports from the United States.