Author: Igor Nam
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India Rapeseed Meal Exports Surge to China
India’s rapeseed meal exports to China surged to 581,800 tonnes in Jan–Oct from just 14,900 tonnes a year earlier, transforming China into the key growth driver. Total Indian rapeseed meal exports still rose to 1.25 million tonnes despite sharp declines in shipments to South Korea and Bangladesh. For Black Sea exporters, the shift is neutral…
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Ukrainian Corn Prices Fall on Weak Export Demand
Ukrainian feed corn prices declined by UAH 100-200 per tonne over the past week amid weak export demand. A modest increase in available grain supply from producers added to the downward pressure on domestic prices. The most notable price weakness was recorded in the southern regions of Ukraine, where CPT bids adjusted lower. Market Update…
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Thai Tender Excludes Black Sea Wheat; 240,000t Bought
Bearish for Black Sea wheat: Thailand’s tender explicitly excludes Russian and Ukrainian origins, removing a key demand outlet. Steady demand for alternative origins: 240,000 tonnes of feed wheat secured on optional-origin terms, supporting exporters outside Russia, Ukraine, Brazil, and Pakistan. Forward demand visibility: Shipments scheduled across H1 2026 provide longer-term demand support for non-excluded suppliers.…
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Black Sea Sunflower Oil Tanks, Pressuring Oilseed Markets
Bearish Black Sea sunoil: FOB Black Sea sunflower oil for December fell by $20/t to $1,185/t, weighing on the broader regional oilseed complex. Domestic oilseed pressure: Record Russian soybean (9.1 Mt) and rapeseed (6.1 Mt) harvests plus export duties are capping domestic prices despite some farmer holding. Limited upside for seeds: December sunflower seed prices…
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Ukrainian Port Fumigation Contracts at Risk – Export Delays
USPA is reportedly imposing new, “unreasonable” demands on fumigation companies seeking mandatory port access contract renewals. With contracts expiring within weeks, there is a heightened risk of disruption to grain export logistics if fumigation services are interrupted. FAU has appealed to multiple Ukrainian ministries, warning that a decade-long routine renewal process has been unexpectedly disrupted.…
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Kazakhstan Barley Exports Pivot to Central Asia
Kazakhstan’s barley exports to key markets Iran and China dropped sharply at the start of 2025/26 amid high freight costs, Russian competition, and rail bottlenecks. Central Asian demand has increased, with shipments to Uzbekistan and Tajikistan rising, but this growth does not fully offset losses to Iran and China, keeping the regional tone bearish. Russian…
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Odesa Port Throughput Rises, Rail Queue Shrinks
Improved Port Throughput: Daily grain railcar unloading at Greater Odesa ports increased to 1,338 cars, helping clear existing congestion. Queue Reduction: The railcar queue to Greater Odesa ports fell by 697 units week-on-week to 9,386 cars, indicating better alignment between arrivals and port offtake. Shift from Danube to Deep-Sea Ports: Rail flows to Danube ports…
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Ukrainian Corn Prices Drop as Port Attacks Hit Trade
Ukrainian feed corn prices are declining as Russian attacks on port infrastructure slow trade and worsen export logistics. Increased farmer selling and weakness in adjacent wheat and barley markets are adding further downward pressure on CPT prices. Stable foreign demand and strong price competitiveness of Ukrainian corn are limiting the scale of the price drop.…
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Russian Wheat Prices Fall on Southern Hemisphere Surge
Russian 12.5% protein wheat export prices have eased to $228–230/t FOB, their lowest level since mid-September. Growing competition from large expected wheat harvests in Australia and Argentina is pressuring global export prices lower. Slow farmer selling and relatively tight global wheat reserves are limiting further downside in international prices. Russian Wheat Prices Weaken on Southern…
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Southeast Asian Palm Oil Exports Recover, Demand Shifts
Recovery in exports: Combined palm oil exports from Indonesia, Malaysia, and Thailand rose 1.4 MMT year-on-year to 36.4 MMT in Jan–Oct 2025, rebounding from an eight-year low. Shift in supply dynamics: Indonesia’s exports increased by 2.4 MMT YTD to 22.47 MMT, offsetting a 1.34 MMT YTD decline in Malaysian shipments to 12.73 MMT. Demand rebalancing:…