Iran resumed purchases of Russian wheat
Iran has resumed grain unloading at its Caspian ports, but shipments from Russia’s Astrakhan are still proceeding under old contracts, market participants say.
According to them, Russian exporters are not prepared to ship products without prepayment and are also counting on Iranian vessels.
At least five grain carriers are currently en route to Amirabad, all of which were loaded in Astrakhan, according to LSEG data.
As Reuters sources among Russian exporters told us on Tuesday, new grain shipments were suspended following the February 28 attacks on Iran, including via the Caspian Sea, which remains a relatively safe logistics route, unlike routes from the Black Sea via the Persian Gulf.
Russia primarily exports barley and corn via the Caspian Sea, while milling wheat is shipped primarily from Black Sea ports. This season, Iran is among the top three largest importers of Russian grain, including wheat.
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Read also
Agricultural producers redirect oil exports to western borders
High Grain Stocks Pressure Prices While Market Structure Rapidly Evolves
Record Oilseed Output Reshapes Market Balance and Pressures Margins
European soybean meal prices ease from record highs as origin premiums fall
South Korea’s FLC purchases about 132 thsd tons of corn
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon