Author: Viktoriia Ray
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Kazakhstan Wheat Exports Surge 29% as USDA Raises Forecast
USDA upgrade: Kazakhstan’s 2025/26 wheat export forecast raised to 9.5 million tonnes on stronger early-season shipments. Export surge: September–November 2025 wheat exports jumped 29% year-on-year to 2.34 million tonnes. Uzbekistan demand: Uzbekistan imported 1.47 million tonnes of Kazakh wheat in three months, cementing its role as Kazakhstan’s key buyer. Ample regional supply: Stable Kazakh production…
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Kazakhstan Winter Wheat Survives Early January
Crop resilience: Winter wheat in southern and southeastern Kazakhstan overwintered safely in early January, with no reported freeze damage. Weather support: Air temperatures ran 2–4°C above normal, maintaining tillering node temperatures mostly above critical thresholds across key regions. Moisture risk: Below-normal precipitation and thin snow cover (<5 cm) in some areas pose localized risk if…
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South Korea Soybean Meal: 120,000 Tons Secured
South Korea secures 120,000 tons: KFA and NOFI jointly booked soybean meal for delivery through May 2024, locking in supply at competitive C&F prices. Multi-origin vs. South America-focused: KFA diversified origins (US, China, South America), while NOFI concentrated exclusively on South American supplies. Benchmark pricing for Asia: Deals at $371.71–$373.80 per ton C&F set a…
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Russian Oat Exports Hit Record $62M in 2025
Record Export Revenues: Russian oat exports reached nearly $62 million in 2025, surpassing the previous record of $59.3 million set in 2024. China-Driven Demand: China accounted for over $56 million of imports, more than 90% of total Russian oat export value. Strong Production Growth: Domestic oat output rose 25.8% year-on-year to 3.8 million tons, supported…
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Russian Soybean Production Soars – Tambov Hits 750,000 t
Tambov Region harvested over 750,000 tons of soybeans in 2025, a 1.7x year-on-year increase. Yields jumped 53% to 28.6 centners/ha, from 18.7 centners/ha in 2024. Region now ranks fourth nationally in Russian soybean production and second for yield growth. Market impact assessed as neutral to slightly bearish for Black Sea soybean markets. Russia’s Tambov Region…
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Jordan Feed Barley Secured at $273.50/MT
Jordan’s MIT purchased 60,000 tonnes of feed barley from Cargill at $273.50/MT C&F, covering only half of its planned tender volume. Bunge’s competing offer at $278.45/MT C&F was $4.95/MT higher, highlighting tight competition in the tender. The reduced purchase volume and competitive pricing are neutral to slightly bearish for Black Sea barley exporters, who face…
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Black Sea Corn Prices Fall as Global Supply Rises
Bearish: Ukrainian feed corn export prices declined USD 1–2/ton amid a stronger global supply outlook and USDA’s upward revisions to US and Chinese production. Supportive: Farmer reluctance to sell and stable buyer demand in Ukraine are helping to limit further price erosion despite geopolitical and global market pressure. Global Competition: South Korean tenders favoring South…
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Russian Retail Food Prices Fall 9.3% — Sunflower Oil
Bearish for prices: Socially significant “first price” food products in Russia fell 9.3% year-on-year in December 2025, with borscht vegetables down 28% and broad declines across grains and sugar. Margin pressure: Retailers sold seven key categories below cost, including sunflower oil at a -1.8% markup and deep losses on carrots and white cabbage, reflecting policy-driven…
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Russian grain exports drop 18% amid global competition
Bearish Russian exports: Russian grain exports fell 17.6% in H1 2025/26 MY to 33.9 million tons amid intensifying competition from the EU, Australia, and Argentina. Resilient Turkish demand: Turkey’s November grain imports surged 72% month-on-month to 1.37 million tons, with Russia supplying 92% of its wheat purchases. Diversification to Africa: Russian agricultural exports to Sudan…
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India Sunflower Oil Imports Surge 145% in December
Surging Sunflower Oil Demand: India’s sunflower oil imports jumped 145% month-on-month in December to 349,000 tonnes, a 17-month high. Palm Oil Under Pressure: Palm oil imports fell 20% to 507,000 tonnes, hitting an eight-month low as refiners shifted to competing oils. Overall Veg Oil Imports Higher: Total vegetable oil imports rose 17% to 1.38 million…