Author: Viktoriia Ray
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Russian Grain Exports Surge 14% in Mid-December
Mid-December rebound: Russian grain exports for December 1–20 reached 3.389 million tons, up 14% year-on-year, driven by a sharp pickup in the second ten-day period. Wheat-led strength: Wheat exports nearly doubled in the second ten-day period to 1.679 million tons, pushing total December wheat shipments to almost 3.1 million tons (+18.5% YoY). Partial recovery in…
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Russian Sunflower Oil Export Duty Up 36.5% — Prices Rise
Bullish: Russia’s 36.5% hike in sunflower oil export duty and Black Sea tensions are lifting global sunflower oil prices and tightening forward supply into early 2026. Bearish: Zero export duty on sunflower meal and record Russian oilseed harvests partially offset tightness by supporting byproduct availability and overall vegoil supply. Russia Lifts Sunflower Oil Export Duty…
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Ukrainian Corn Prices Drop Pre-Holiday; China Plan Looms
Ukrainian Corn Prices Drop as Holiday Demand Softens; China Signals Long-Term Market Shift Ukrainian corn down: Feed corn bids eased by UAH 100–300/t this week to UAH 8,100–9,600/t CPT amid weaker export demand and pre-holiday trader caution. China’s expansion: Beijing targets an extra 50 million tons of grain, mainly corn and soybeans, aiming to sharply…
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Odesa Port Congestion Worsens: Grain Rail Backlog Rises
Rail congestion is worsening at Greater Odesa ports, with the grain railcar backlog rising to 11,656 units despite weaker unloading. Throughput constraints are tightening, as average daily loading to Greater Odesa ports slipped to 1,077 railcars/day, deepening network bottlenecks. Danube corridor support is weakening, with unloading down to just 22 railcars/day, reducing an important alternative…
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Russian Wheat Export Duty Cut 10.8% — Market Impact
Russia cuts wheat export duty by 10.8% to 97.3 rubles/ton from January 12, down from 109.1 rubles/ton. Barley and corn duties remain at zero, preserving Russia’s competitive edge in global feed grain markets. Indicative wheat price edges up to $228.4/ton from $227.9/ton, signaling steady export demand. Duty changes are short-lived, applying only for January 12–13,…
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Russian Sunflower Oil Aid: 163 Tons Sent to Africa
Humanitarian Focus: Russia shipped 163 tons of fortified sunflower oil to Zambia and Mozambique via the UN World Food Programme. Recipients: Mozambique received 70 tons of oil, while Zambia received 93 tons of oil plus 648 tons of yellow split peas. Funding Framework: Shipments were facilitated through OleoScope under Russia’s annual $10 million WFP contribution…
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Russian Sunflower Export Duty: Meal Zero, Oil +37%
Bearish meal: Elimination of Russia’s sunflower meal export duty in January 2026 could pressure global protein feed prices as Black Sea export volumes rise. Bullish oil: A 37% jump in Russia’s sunflower oil export duty may tighten export availability and support higher international sunflower oil prices. Policy divergence: Lower costs on meal but higher taxes…
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Vietnam Soybean Crushing Capacity Doubles with $100M JV
VAL’s $100M second crushing line lifts total daily capacity to 7,800 tonnes, solidifying Vietnam’s role as a major regional soybean processor. Annual output of 2 million tonnes of soybean meal and 500,000 tonnes of crude oil will cover ~30% of Vietnam’s feed demand and curb dependence on imported meal. Market impact is neutral to bearish…
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Irkutsk Spring Wheat: 81% Food-Grade in 2025 Harvest
81% food-grade spring wheat: 135,900 tons of the 2025 Irkutsk Region harvest meets food-industry standards, supported by strong protein and gluten quality. Comprehensive state monitoring: 167,400 tons assessed across 17 districts, with 31,500 tons classified as feed-grade wheat. Export readiness: Quality certification under Russia’s federal export program supports additional milling-quality supply into global markets. Market…
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Ukraine Danube Ports Target 15M Tons by 2026
Capacity Goal: Ukraine targets raising Danube port cargo turnover to at least 15 million tons annually by 2026. Current Throughput: Danube ports handled over 8 million tons in the first 11 months, versus nearly 68 million tons at Greater Odesa ports. Jobs & Efficiency: Development measures are expected to preserve 2,000+ jobs and cut administrative…