Category: Freight

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…

Export Pace Improves: December grain shipments reached 1.137 million tons, up 15.5% year-on-year, signaling stronger logistics and export momentum. Overall Volumes Still Weak: Total 2025/26 MY grain exports at 13.521 million tons are down 30% from 19.359 million tons a year earlier. Wheat Dominates Mix: Wheat leads with 7.569 million tons exported, while corn reached…

Dedicated EU quota: Ukraine secures its first separate annual tariff quota of 30,000 tons for flour exports to the EU starting in 2025. High utilization likelihood: 2024 exports of ~26,000 tons to the EU suggest the 30,000-ton quota is likely to be fully used. Moderately bullish milling outlook: Regulatory certainty supports long-term planning and modestly…

Railcar movements toward Greater Odesa ports declined by 26 units/day to 9,360 units, with average daily loading falling by 112 railcars to 1,205 units. Danube ports recorded a sharper downturn, as weekly grain railcar flows dropped by 76 units to 194 railcars. Despite lower incoming volumes, daily grain railcar unloading rates at Greater Odesa and…

Bearish for volumes: Bashkortostan’s grain and oilseed exports fell by roughly 50% year-on-year, from 401,600 tons in 2024 to just over 200,000 tons in 2025. Neutral for quality: All export batches fully met EU, EAEU, and destination country phytosanitary standards with zero detections of quarantine organisms. Mildly bearish for freight: Lower interior Russian export flows…

Bullish: Kazakhstan’s 2026–2028 roadmap targets over $1 billion in annual fat and oil exports, backed by infrastructure and processing investment, while Siberian oilseed shipments surge 43%. Bearish: Russia’s record 139 million ton grain harvest faces severe logistics bottlenecks and quality mismatches, limiting export potential and complicating Black Sea flows. Kazakhstan Oilseed Export Roadmap Kazakhstan has…

Exports contract: Russian food and agricultural exports fell 10.3% year-on-year to $31.5 billion in Jan–Oct 2025, extending pressure on outbound Black Sea freight volumes. Imports surge: Agricultural imports jumped 14.2% to $35 billion, flipping the trade balance and signaling stronger inbound logistics demand. Decline moderates: The export drop slowed slightly versus the 11.1% fall through…

Australian canola exports plunged 61% in October to 62,710 tonnes as stocks tightened ahead of the new-crop harvest. Japan absorbed 91% of Australia’s October canola shipments, underlining its role as the dominant buyer. Russia expanded its grain and oilseed flows to Asia, shipping 3,500 tonnes of oats and 1,300 tonnes of rapeseed to China from…

Bullish: Stable outbound grain flows from Russia’s central region support continuity of internal supply chains. Bearish: Export volumes remain modest versus Black Sea terminals, limiting upside for regional freight and export margins. Neutral: Overall impact on Black Sea grain benchmarks and freight rates is assessed as neutral. Ryazan Grain and Quarantine Shipments Overview Rosselkhoznadzor reported…

Kazakhstan–China rail exports up 11%: Second track on the Dostyk–Moiynty route boosts eastbound freight flows. Stronger rail performance overall: Operational freight turnover reached 264 billion tonne-km, up 7.4% year-on-year. Backbone export cargo growth: Volumes from key enterprises rose to 80 million tonnes, a 6.5% increase. Trade route implications: Additional eastbound capacity may slightly ease pressure…