Author: Viktoriia Ray
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Russian Wheat Export Duty Removed — Prices Rise
Duty Elimination: Russia cuts the wheat export duty from 329 rubles/ton to zero effective April 22, 2025. Grain Competitiveness: Zero export duties across wheat, barley, and corn enhance Russian price competitiveness in global markets. Stable Demand Signal: Wheat’s indicative price edges up to $234.4/ton, pointing to steady underlying demand. Russia Eliminates Wheat Export Duty The…
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Odesa Grain Throughput Rises as Port Queues Fall
Improved Port Efficiency: Daily grain railcar unloading at Greater Odesa ports rose to 1,274 units (+1.1% WoW), while the railcar queue fell to 7,948 units. Stronger Grain Flow: Average daily railcar loading toward Greater Odesa surged 38% to 1,140 cars per day, signaling robust export program support. Logistics Cost Support: Reduced congestion may compress inland…
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Sunflower Oil Prices Slide as Argentina Exports Surge
Record Argentine exports: Sunflower oil shipments reached 432,000 tonnes in Q1 2026, nearly double year-ago levels, led by strong Indian demand. Downward price pressure: Global sunflower oil prices are falling as supply surges and the premium over other vegetable oils narrows. Black Sea competition: Increased Argentine and Bulgarian exports are expected to pressure Ukrainian and…
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Kazakhstan-China Agricultural Exports Poised to Rise
Streamlined Trade: Kazakhstan and China signed a joint Protocol to simplify and standardize agricultural export procedures under the SCO framework. Supply Predictability: Alignment with international standards is expected to enhance shipment predictability and unlock Kazakhstan’s export potential to China. Quality Assurance: Deeper cooperation on product quality control and safety aims to remove trade barriers and…
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TAS Agro Sunflower Planting: 4,800 ha in Kyiv Oblast
Seasonal activity: TAS Agro has launched its 2024 sunflower sowing campaign in Kyiv Oblast, targeting 4,800 hectares. Input strategy: Farmers are applying 3:18:18 fertilizer at planting to support strong early crop development. Market impact: The scale and timing of the campaign are in line with normal seasonal patterns, implying a neutral impact on Ukraine’s overall…
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Russian Soybean Export Duties Could Tighten Global Supply
Russian Oil and Fats Union urges higher soybean and flaxseed export duties to better protect domestic processors. New crushing capacity in Russia’s Far East increases demand for secure domestic soybean and flaxseed supplies. Existing duty regime retains most oilseeds domestically, but flax and some soybean volumes still flow to export. Planned expansion of flaxseed meal…
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Turkey Corn Import Quota: 3M Tons Sparks Black Sea Rally
Policy Shift: Turkey opened a 3 million ton corn import quota from April 20 to July 31, 2025 with a sharply reduced 5% duty. Price Signal: The 125 percentage point duty discount versus the 130% out-of-quota tariff is bullish for Black Sea corn values in Q2 2025. Logistics Impact: First-come, first-served allocation and an 8,000…
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India Sunflower Oil Imports Surge — Black Sea Face-Off
Rising Sunflower Oil Inflows: India’s sunflower oil imports rose 15% year-on-year in March 2025 to 196,000 tonnes, highlighting firm demand despite shifts in supplier shares. Supplier Competition Intensifies: Russia retained the top position but lost volume, while Ukraine and Argentina sharply increased shipments, eroding Russia’s market share. Palm Oil Dominance: Total vegetable oil imports climbed…
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Ukraine Grain Rail Capacity Under 10% — Impact
State-owned grain railcars handled only 9.8% of total grain loadings in April, underscoring reliance on private operators. Roughly 3,500 grain shipments were completed in April, with May volumes to be allocated via Prozorro.Sale auctions. Four long-term grain rail contracts are in advanced stages, with execution expected from April–May, potentially lifting state rail market share. Current…
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Russian Soybean Exports Surge to China in March
Russian soybean exports to China surged 118% year-on-year in March, reaching 0.12 million tons— the strongest monthly performance since December 2023. Export forecast for 2025/26 revised up by 67% to around 1 million tons, reflecting sustained external demand from China, Belarus, and Iran. Domestic ruble soybean prices in Russia’s Central Federal District rose 5% in…