Category: Freight

Malaysia cut its unrefined palm oil export duty to 9.5% for January 2026 from 10% in December, responding to weaker global prices. The reference price for palm oil fell to 3,946.17 ringgit/tonne from 4,206.38 ringgit, reflecting about a 6% month‑on‑month decline. Impact on Black Sea sunflower oil is mostly neutral, but cheaper Malaysian palm oil…

Russian pork and by-product exports to Vietnam hit a record 80,000 tons (Jan–Nov), up 28% YoY and worth $186 million. Total Russian pork exports are nearing 400,000 tons globally in 2024, with export revenues close to $1 billion. Rising protein exports from Black Sea origins to Southeast Asia may tighten vessel capacity and support freight…

Bearish exports: Ukrainian grain exports are down 28.6% year-on-year to 13.821 million tons, tightening global supply from the Black Sea region. Corn under pressure: Corn shipments dropped 40% to 4.75 million tons, likely shifting demand toward alternative origins and supporting rival exporters’ prices. Improving flow: December exports accelerated to 1.389 million tons in the first…

Russia’s inland waterways: Planned river links from Siberia and the Urals to Northwest and Azov-Black Sea ports could gradually shift 5–10 MMT of grain per year away from rail, modestly reshaping regional freight flows. Kazakhstan exports: Projected grain exports of around 13 MMT in 2025/26, following a 27 MMT harvest, support continued strong Black Sea–linked…

EU Tightens Safeguards: European Parliament committee backs stricter and faster safeguard rules on Mercosur agricultural imports, lowering the trigger threshold to a 5% average rise over three years for sensitive products. Faster Investigations: Proposed timelines for safeguard probes are cut in half, to three months for standard and two months for sensitive products, with scope…

Export Surge: Processed grain exports from Bashkortostan rose 50% year-on-year to over 29,200 tons in the first 11 months of 2025. Flour-Led Growth: Flour dominated the export mix at 27,370 tons, with demand from Azerbaijan, Kazakhstan, Turkey, Uzbekistan and other markets. Quality Assurance: All 200,000 tons of inspected grain and processed products met international quarantine…

Zero Duties Extended: Russia will maintain zero export duties on wheat, barley, and corn for shipments from December 17–25, preserving export competitiveness. Mixed Price Action: Wheat and barley indicative prices rose week-over-week, while corn prices declined amid seasonal harvest pressure. Neutral to Slightly Bullish Tone: Stable demand for wheat and barley and continued duty-free exports…

Neutral to Bearish: Russian wheat exports fell 21.6% year-on-year in early December, with buyer countries shrinking to 14 from 32. Supportive Demand: Egypt and Turkey increased purchases, while Iran entered as a new buyer, underscoring resilient demand for Russian wheat. Concentration Risk: Export mix narrowed sharply to 7 commodity types, suggesting a focus on wheat…