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UKRAINE- The European Commission is “seriously considering” subsidizing the transport of Ukrainian grain through its member states after several countries banned imports, according to Poland’s public radio. According to the report, the estimated cost of subsidies may be around 30 euros ($32.62) per ton of grain. The report further indicated that the issue of subsidizing the transport cost for Ukrainian…
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UKRAINE- Following the termination of the black sea grain initiative, Ukraine and Croatia have agreed on the possibility of using Croatian ports on the Danube River and the Adriatic Sea for the export of Ukrainian grain. Though the details of the possible collaboration are yet to be ironed out, the two countries held talks on July 31 as Ukraine continues…
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ZIMBABWE – Anxious Masuka, Minister of Agriculture, Fisheries, Water and Rural Development in Zimbabwe recently revealed that the executive has received import requests for a total stock of 350,000 tonnes of maize from Rwanda and the DRC. Maize is the leading cereal produced and consumed in various forms in sub-Saharan Africa and demand for the cereal has been on the…
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RUSSIA- Following its withdrawal from the UN-brokered Black Sea grain initiative, Russia boasts of its ability to replace exports of Ukrainian grain to Africa, according to a recent statement by President Vladimir Putin. According to the statement published on the Kremlin’s website, Russia intends to continue its energetic efforts to provide supplies of grain, food products, fertilizers, and other goods…
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INDIA- Rice traders in India claim that the country’s decision to ban non-basmati white rice exports will force them to cancel rice export contracts of around 2 million metric tons, worth US$1 billion on the world market. On 20th July, India, which accounts for 40% of world rice exports, ordered a halt to its largest rice export category to calm…
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RUSSIA- Wheat exports from the world’s largest grain exporter, Russia, continued to thrive during the 2022/23 marketing year with ample supplies and competitive prices and are likely to hit a record 45.0 million tons, according to a report by the foreign agricultural service (FAS) of the United States Department of Agriculture (USDA). Moreover, export volumes could be even higher had…
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AUSTRALIA- Australia has reached a deal with China to attempt reopening the Chinese market to Australian barley after China imposed an 80% import tariff in 2020 and turned to Canada, France, and Argentina for most of its barley imports. The once-cozy trading partners are on the way to stabilizing their now-sour relationship caused by China’s punitive tariffs on Australian barley…
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RUSSIA- Louis Dreyfus Company announced that it would cease grain export operations from Russia at the start of the new trading season in July. This announcement comes within days of Cargill and Viterra announcing that they also would drop export activities in Russia. “Louis Dreyfus Company (LDC) will cease grain exports from Russia from July 1, 2023, as grain export…
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RUSSIA- Viterra Ltd. is exiting the origination and export market in Russia, a day after Cargill announced its exit from the same market. “Following continued monitoring of the situation over the past year, Viterra has concluded that its activities in Russia no longer fit the long-term direction of the company,” Viterra said. Reuters reported that Nikolai Demyanov, the head of…
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INDIA -The Roller Flour Millers’ Federation of India president says the country’s ban on wheat exports since May last year successfully lowered prices and should continue, Reuters reported. Last year, after Russia invaded Ukraine, grain exports from India, the world’s second-biggest producer after China, surged after the catastrophe boosted global prices. However, a sudden rise in temperatures in March 2022…
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