Category: Freight

Polish border crossings handled roughly half of Ukraine’s February road-based agricultural exports, averaging 4,000–5,300 tons per day. Road freight is dominated by processed and value-added products such as poultry, oilseeds, meals, and food products, with bulk grain flows remaining minimal. Romania has emerged as the second-largest corridor via the Porubne–Siret crossing, while Hungarian routes remain…

Resilient agriculture: Non-commodity exports, including agricultural products, increased their share of total exports from 35.2% to 36.4%, partially offsetting weakness in the mineral sector. Weaker trade surplus: Kazakhstan’s trade surplus shrank 33.3% to $14.2 billion as exports fell 3.2% while imports rose 7.4%, pressuring the current account and the tenge. Rising import demand: Agricultural imports…

Rising import demand: Ukraine’s agricultural imports reached $9.12 billion in 2025, up 13% year-on-year and marking a third straight year of growth. EU dominance: The EU supplied 53.9% of Ukraine’s agricultural imports ($4.914 billion), with Poland leading and expanding its exports by 24%. Diversified sourcing: Asia, Latin America, and Africa all increased sales to Ukraine,…

Kyrgyzstan has imposed a six-month ban on mineral fertilizer exports outside the Eurasian Economic Union to secure supplies for the spring planting season. The country needs around 287,000 tons of fertilizers annually but currently covers only 55% of this requirement through imports. Transit cargoes and substandard imported fertilizers are exempt from the restrictions, limiting disruption…

Bearish freight flows: Ukrainian grain exports are down 24.9% year-on-year to 21.2 million tonnes, signaling weaker cargo availability from Black Sea origins. Corn-driven demand: Corn makes up over half of Ukraine’s exports at 10.7 million tonnes, sustaining Panamax and Supramax employment despite overall volume declines. Regional rebalancing: Kazakhstan’s 18.5% export surge to 6.4 million tonnes shifts more grain…

Bearish Ukraine: Delayed approval of calcium ammonium nitrate imports risks a 20% decline in spring crop yields and tens of billions of hryvnias in lost export revenue. Structural Risk: Domestic Ukrainian fertilizer output has fallen roughly 50% since the war, leaving the sector heavily reliant on timely import approvals. Russian Constraint: Despite 73% domestic market…

Export Growth: Crimea targets an additional 150,000 tons of grain exports in 2026, driven by a new barley allocation alongside existing wheat shipments. Stable Wheat Flows: The region retains a 400,000-ton wheat quota for 2025, indicating steady year-over-year export volumes. Oilseed Diversification: Authorities are seeking 25,000 tons of oilseed export capacity (rapeseed and sunflower), which…

Bearish freight outlook: Russian grain exports are running 13% behind last year, with the 20 million tonne export quota likely to be undershot by about 3 million tonnes, creating excess carryover stocks and softer demand for Black Sea freight. Rising domestic stocks: Grain inventories at agricultural enterprises rose 21.5% year-on-year to 28.26 million tonnes in January, signaling slower…

Bearish: Russian grain export volumes through key Black Sea terminals fell sharply in 2025 due to significantly tighter state export quotas. Bearish: Taman grain terminal throughput collapsed 57%, highlighting underutilized infrastructure and constrained global grain supply from Russia. Neutral: Novorossiysk Grain Terminal cushioned the impact by expanding transshipment of molasses and fatty acids, partially offsetting…

Sharp volume declines: Taman Grain Terminal Complex exports dropped 56.8% to 2.42 million tons in 2025, while Novorossiysk Grain Terminal volumes fell 24.4% to 5.47 million tons. Quota-driven constraints: Russian grain export quota for Feb 15–Jun 30, 2025 was cut to 10.6 million tons versus 29 million tons in 2024, materially limiting flows. Capex amid…