Grain

Low freight rates force shipowners to subsidize trade
Freight rates for grain transportation from the Black Sea region have already fallen below operating costs.

Turkey increases imports of Ukrainian corn ahead of new quota
Turkish importers are actively buying up Ukrainian corn, trying to catch up with the possible introduction of a new import quota with reduced duties.

Algeria purchased up to 170 thousand tons of Black Sea wheat
Algeria’s state grain agency bought a large batch of wheat in a tender held on February 25.

Transportation of grain by rail to ports has become cheaper
Prices for grain transportation within the country have fallen due to reduced demand and reduced border clearance.

Since the beginning of the month, UZ has processed 1.4 million tons of grain
Over the 18 days of February, 1.408 million tons of grain were loaded onto the Ukrainian railway network, which is 27% less than in February last year.

Grain unloading in the ports of Great Odesa continues to decline
The rate of unloading of grain wagons in the ports of Great Odesa continues to decline, while the flow of wagons in the direction of these ports is increasing.

Kernel shares rise 26% amid reports of a possible end to the war
The WIG-Ukraine index on the Warsaw Stock Exchange shows record growth after news of possible peace talks.

Global importers reduce wheat purchases due to financial difficulties
Economic recession and currency volatility are holding back grain demand, which, together with low global inventories, is putting pressure on grain prices.

The Ministry of Agricultural Policy announced the minimum prices for export grain in February
The minimum prices for agricultural products for the current month are set within the framework of the export support regime.

Ukraine needs to find an additional $1 billion to insure grain exports, —Ministry of Agrarian Policy
To insure the export of Ukrainian agricultural products, an additional $1 billion must be found.