The passage of agricultural products to Danube ports slowed down by 14%, — Spike Brokers

Over the past week, the average daily volume of agricultural products shipped to Danube ports decreased by approximately 14% compared to the beginning of the month.

This is stated in the weekly review of Spike Brokers.

Over the past seven days, 248.9 thousand tons of agricultural products, or 35.6 thousand tons per day, were shipped to Danube ports, including Orlivka. At the beginning of the month, this figure was 41.5 thousand tons per day.

The largest volume was provided by Izmail MTP – 331.8 thousand tons, or about 57% of the flow. Reniy MTP accounted for 176.9 thousand tons, Orlivka – 69.1 thousand tons, Ust-Dunay MTP – 2.9 thousand tons.

The main cargo remains wheat – 400.3 thousand tons, or about 69% of the flow.

According to customs clearance data, total agricultural exports for October 1–15 amounted to 1.533 million tons for $790.1 million. For October 9–15, 777.5 thousand tons were cleared, or 111.1 thousand tons per day, compared to 94.4 thousand tons in the first eight days of the month.

Grains provided 702.8 thousand tons, or 45.8% of the total tonnage. Wheat was cleared for 557.6 thousand tons, corn for 120.6 thousand tons, and barley for 24.5 thousand tons.

In the breakdown of wheat exports by mode of transport, sea accounted for 65.9%, rail for 28.8%, and ferry for 5.1%. The main recipients were Egypt (136.9 thousand tons) and Algeria (110.7 thousand tons), which together provided 44.4% of the registered exports. The top five also included Turkey, Spain and Italy.

Corn, on the other hand, was exported mainly by rail — 89.6% broken down by mode of transport. Sea transport accounted for only 5.6%. Almost half of the corn went to Italy (47.3%), another 19.3% — to Germany.

Meanwhile, the accumulation of grain wagons on the railway is growing. According to a consolidated statement by Ukrzaliznytsia, as of October 14, it amounted to 4,422 wagons, which is 327 more than in the previous report.

The average rate of transfer through the Polish direction decreased from 106 to 84.8 wagons per day. Hungarian and Romanian directions accelerated, but did not fully compensate for this reduction.

November corn on MATIF rose in price by 7% in a week. However, according to Spike Brokers, due to logistical restrictions on the Ukrainian and European sides, this did not translate into an increase in spot indices on the main export bases. Corn CPT Odesa remained at $165 per ton, FCA Chop fell by $5 to $200 per ton. Wheat 11.5% remained at $175 per ton CPT Odesa, feed wheat – at $160 per ton.

Among oilseeds, the most noticeable acceleration was in the registration of rapeseed exports. 210.3 thousand tons were registered for October 1–15, and the daily rate for October 9–15 increased to 16.4 thousand tons compared to 12 thousand tons in the first eight days.

USM previously reported that imports of goods into Ukraine have exceeded exports by more than twice since the beginning of the year.