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EGYPT – Egypt is considering sourcing nearly 500,000 tons of wheat from France and Bulgaria after Moscow blocked the supply of Russian grain, Zawya has reported. The decision came after Russia halted supplying wheat, objecting to the pricing of a mega-deal as the authorities in Moscow seek to impose an unofficial minimum price on grain deals. It’s the second time…
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RUSSIA- Cargill, a leading global player in the agriculture and food industry, has finalized a deal to divest its stake in a Russian grain terminal situated on the Black Sea to Russia’s Delo Group, a prominent transport and logistics entity. Confirming the sale, Cargill stated, “In line with Cargill’s earlier announcement to stop the export of Russian grain in July…
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ALGERIA/MOROCCO -Algeria and Morocco, Africa’s key players in the wheat trade have abandoned French wheat for Russian wheat following increasingly deteriorating relations between the North Africa nations with France, the Ecofin Agency has reported. Alexandre Marie, chief analyst for Agritel (Argus Media France), told the agricultural news daily Terre-Net, on the sidelines of a conference organized in Paris on August 24…
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INDIA- Russian fertilizer suppliers have halted their practice of offering discounted prices on products like di-ammonium phosphate (DAP) to India due to tightening global supplies. This change comes after they emerged as India’s primary suppliers last year, according to three sources in the industry who spoke with Reuters. In August, these Russian companies shifted their strategy to pricing fertilizers at…
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CAMEROON – Russia is considering setting up a fertilizer manufacturing plant in Cameroon, to enhance agricultural cooperation with the country. The blueprint for this groundbreaking collaboration comes in the form of a proposed fertilizer manufacturing plant, a game-changing endeavor that promises to reshape the landscape of trade, bolster self-sufficiency, and cultivate prosperity in both nations. The project was disclosed by…
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RUSSIA – President Vladimir Putin has assured Turkey’s Tayyip Erdogan that Russia is open to discussions about the Black Sea grain deal- an initiative that helped get Ukraine’s grain to market and ease a global food crisis. Russia withdrew from this deal in July, one year after its establishment through the United Nations and Turkey, citing challenges to its food…
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RUSSIA- The German newspaper Bild recently reported that Russia, Turkey, and Qatar are preparing a grain export agreement to supply Russian grain primarily to African countries. Citing correspondence between Ankara and Moscow officials, the report indicates that the emerging deal puts Türkiye in charge of the agreement’s organization, while Qatar will be the chief financial backer. The report adds that…
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INDIA- Various credible and anonymous sources provide that India is in talks with Russia to import wheat at a discount as global prices surge, in a move to boost supplies and curb food inflation in the nation, according to a report by Reuters. The imports would allow New Delhi to intervene more effectively in the market to drive down wheat…
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RUSSIA- A report by the Russian State Center for Animal Feed and Drug Standardization and Quality (VGNKI) indicates that about 10% of Russian feed analyzed contains undeclared genetically modified organisms (GMOs), which the Russian scientists believe could be harmful. Undeclared use of GMOs remains the most widely spread type of fraud in the Russian feed market, the VGNKI scientists told…
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RUSSIA – Major grain exporter, Russia, is facing shipping challenges and rising wheat costs because of a lack of ships and Western grain traders’ shrinking appetite for business with Moscow. These challenges come while the war in Ukraine has spilled quite close to vital Black Sea supply routes. The financial and security risks associated with trading with Russia are driving…
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