Grains and oilseeds: bad boy Russia

February 17, 2023 at 12:30 PM , Der AUDITOR
Play report as audio

BRUSSELS. Russia’s intensified attacks on Ukraine coupled with threats that the Black Sea grain corridor will not be extended after 18 March are giving rise to concerns and expectations that prices will rise for wheat, corn, rapeseed and soy.

Russia delays Ukrainian wheat exports

While low prices and high demand are driving Russian wheat exports, inspection delays deliberately caused by Russia are slowing down Ukrainian exports. SovEcon estimates that Russia exported 3 million mt of wheat last week alone and that total exports have climbed to 44.2 million mt this season. This is clearly up on the 33 million mt registered last year.

Ukraine has shipped 800,000 mt of wheat in February so far and 10.55 million mt this season, which is 29% down on last year, 3 million mt still remain to be shipped. F

View related articles

Go to the News Overview
Oilseeds
Apr 1, 2025
SOFIA/DALIAN. The European Commission expects production to increase by 20% in 2025 compared to last year. In Romania alone, higher yields are expected to increase the sunflower seed crop by almost 80%.
Oilseeds
Apr 1, 2025
DALIAN. Various factors, including increased demand from the USA, are causing prices for Chinese pumpkin seeds to increase. Speculators are already stocking up on goods.
Nuts
Mar 31, 2025
NEW DELHI/BRASÍLIA. Due to supply difficulties from Sudan and a renewed trade war with the USA, Brazil could become the most important source of supply for Chinese buyers. Prices in India remain volatile.
Oilseeds
Mar 27, 2025
NEW DELHI/DODOMA. With the coming summer crop, the Indian sesame seed market lacks any basis for rising prices. In Tanzania, farmers have completed sowing.