Author: Viktoriia Ray
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Egypt Wheat Imports: 700,000t from Black Sea & France
Key Takeaways Volume Secured: Egypt’s Mostakbal Misr booked about 700,000 tons of wheat via private deals. Diverse Origins: Supplies will come from Black Sea exporters (Russia, Ukraine, Bulgaria, Romania) and France. Forward Deliveries: Shipments are scheduled for January–February 2026, supporting strategic reserves. Bullish Signal: Large, early forward buying is supportive for Black Sea export prices.…
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Moldova grain imports: licensing lifted Jan 2026
Policy shift: Moldova will end its Ukrainian grain import licensing regime on January 1, 2026, reverting to standard import procedures. Limited past impact: Only 25 import licenses were issued between October 2023 and December 2025, underscoring Moldova’s minor role as a grain destination under the restrictions. Ongoing oversight: Enhanced market monitoring will remain in place,…
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Uzbekistan Grain Imports Surge in 2025
Oil & fats imports jump 49.3%: Vegetable oil and fat imports reached $417.3 million in Jan–Nov 2025, highlighting rapidly growing demand. Oilseed inflows up 34%: Oilseed imports climbed to $83 million, while exports grew 10% to $23 million. Grain trade expansion: Grain imports rose 10% to $919.5 million, with exports surging 42% to $501.3 million.…
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Global Wheat Prices Fall on Ample Supply, Weak Demand
Global prices ease: Benchmark wheat grades across Russia, the US, EU, Ukraine, Romania, and Argentina all declined on abundant supply. Demand risks: China canceled 132,000 tons of US wheat purchases, reinforcing bearish market sentiment. Supply boost: Argentina’s harvest forecast rose to 27.1 million tons, with yields up 51% year-on-year. Stable Black Sea competitiveness: Russian and…
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Novorossiysk Spot Wheat Trading Launches on NCE
Structural shift: NCE launches spot trading for Class 4 wheat (12.5% protein) at Novorossiysk starting January 19, 2026, using a bilateral anonymous auction format. Logistics split: Two separate order books for CPT Novorossiysk deliveries: rail (70-ton minimum) and truck (30-ton minimum) to three key terminals. Transparency boost: Platform aims to enhance price discovery and create…
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Ukraine Agricultural Exports Drop €2.2B — EU Policy Risk
Bearish: Ukraine’s agricultural export revenues declined by €2.2 billion as of December 1, 2025, with 95% of the loss linked to reduced access to the EU market. Bearish: Unpredictable EU trade policy for Ukrainian agricultural imports is undermining pricing visibility and forward freight planning. Neutral/Structural: Ukraine must implement 20 EU production standards by end-2028, creating both…
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Exoil Oilseed Processing to Double in 2026 Despite Squeeze
Capacity Expansion: Exoil Group’s new soybean and rapeseed plant is set to double total oilseed processing output from 2026, with potential annual value up to 50 billion rubles. Margin Compression: Southern drought, export duties on oil and meal, inflationary costs, and high interest rates are squeezing processors’ profitability, keeping many near breakeven. Bearish Outlook for Processors:…
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Argentina Wheat Harvest Crushes Global Prices
Bearish for Black Sea Wheat: Argentina’s record 27.1–27.7 MMT wheat crop and aggressive FOB offers at $206–209/ton for January delivery are undercutting Black Sea, French, and U.S. origins. Neutral to Bullish for Russian Logistics: Russia’s National Commodity Exchange is launching a new wheat spot trading platform with priority rail access to Novorossiysk, potentially strengthening export…
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Novorossiysk Wheat Spot Trading Launch via NTB Exchange
Structural shift: NTB launches spot trading for 12.5% protein fourth-class wheat on a CPT Novorossiysk basis from January 19, 2026, with priority rail allocation for exchange trades. Logistics incentive: Separate order books with 70 t (rail) and 30 t (road) minimum lots aim to boost liquidity and address Black Sea transport bottlenecks. Oilseed strength: Black…
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Russian Grain Exports Stabilize at Five-Year Average
Rice policy shift: Russia ends its paddy rice export ban and introduces a quota system, signaling confidence in domestic supply and renewed export ambitions. Grain exports stabilize: 2025 grain exports projected at 53–55 million tons, aligning with the five-year average but below the 2023–2024 record, capping upside for freight demand. Logistics expansion: FESCO’s management of…