Data from the analytical platform Logistic OS.
Last week, tensions around the geopolitical situation between Russia and Ukraine intensified, which pushed the price of wheat futures up.
But, at the moment, the cost of grain is below the November figures — the peak values since 2012.
The fears of market participants are primarily related to the fact that Russia and Ukraine are the two main grain exporters.
Russia and Ukraine account for almost a third of wheat and barley exports and a fifth of corn exports.
Grain cargoes, which play a key role in ensuring world food security, pass through the ports of the Black Sea.
Increased tensions between the two main suppliers of grains to the world market could lead to a global rise in food prices, which have risen to their highest levels in the last decade.
According to analytical data, in January, export shipments from Russia decreased by 48% compared to the same period in 2021.
Export prices for wheat with 12.5% protein fell $7 to $316 per tonne FOB last week at Russian deep water ports.
In the domestic market, demand is relatively low, which was accompanied by a decrease in prices (the average price is indicated without VAT, the European part of Russia):
Grade 3 wheat – RUB 15 050/t (- 150 rubles)
Grade 4 wheat – 14 975 rubles/t (- 175 rubles)
Grade 5 wheat – 14 475 rubles/t (-125 rubles).
From February 07 to February 13, 2022 (week 6), 470 241 tons of grain and leguminous cargoes were exported through the terminals of the Novorossiysk port.
Compared to the previous week, the growth was 267%.
Compared to the same period in 2021, the growth was 6%.
Wheat shipped abroad 421 241 tons.
Compared to the previous week, the growth amounted to 228.9%.
Compared to the same period in 2021, the growth was 4.6%.
42.5% of the total volume of wheat (199 800 tons) was shipped by APK AST Company M LLC.
Most of the export shipments of grain and legumes (49.9%) went to Iran.
Importing countries:
Data on current shipments in the ports of Russia, Ukraine, Bulgaria and Romania, historical data on shipments of grain since 2012 can be generated on the basis of the analytical platform Logistic OS.
The system consists of several modules: Line-up, Export Date, Ratings, Ports, Cargoes, Vessels, as well as a large number of directories.
Users are given the opportunity to use various analytical tools and export data in Excel format.
In order to get data on trade turnover, exporters, importing countries of any port, you need to select a country, type of cargo, port of interest or a specific basin and time interval in the «Ports» module.
(Click here for free trial access)
