According to AgRural data, as of 02/02/2023, the harvesting campaign of soybeans in Brazil was carried out on 9% of the areas (+4% for the week and 16% a year earlier).
Egypt's state company GASC has bought 60,000 tons of corn from Ukraine at 323 USD/ton C&F (308 USD/ton FOB + 15 USD/ton freight) with delivery in March.
The Government of Russia introduces a quota for the export of grain from the country during the period 15.02.13.06.2023 in the amount of 25 million tons.
Over the period of January 1-30, 4.39 million tons of grain were exported from Russia (+100% compared to last year), including wheat exports of 3.74 million tons (+120%), corn exports of 492,000 tons (+58%) and barley exports of 124,000 tons (102,000).
IKAR estimates the need to resow areas with winter crops in Russia in the spring of 2023 in the amount of 1 million hectares (0.8 – 0.85 in the previous estimate).
