East Africa’s wheat prices to remain high on sharp drop in Ukrainian production

EAST AFRICA- The Economic Intelligence Unit (EIU), the research and analysis division of the Economist Group, is forecasting higher wheat commodity prices for East African countries due to their high reliance on Ukraine. According to EIU, while demand may slow, supply won’t rise high enough to put enough downward pressure on prices, following a sharp decline in grain production in…

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Romania overtakes Ukraine to become Egypt’s second-largest wheat supplier

EGYPT – Romania has overtaken Ukraine as Egypt’s second-largest wheat supplier as the North African nation diversifies its import suppliers to minimize the risk of overreliance on few source countries.  Egypt produces approximately 9.8 million tonnes (Mt) of wheat against its annual consumption of nearly 20 Mt. The country imports the rest majorly from Russia and Ukraine but due to…

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Ukraine to export grain to Nigeria, plans new logistics hub to facilitate food deliveries

NIGERIA-Nigeria is set to receive 25,000 tonnes of grain from Ukraine as part of the European country’s efforts to supply food to the countries in need despite its ongoing war with Russia. The grains will be delivered under the “Grains from Ukraine” program which Ukraine is implementing in partnership with the UN World Food Programme. Ukrainian Minister of Agrarian Policy…

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Ukraine ramps up grain export via Poland as Russia gears up for record wheat production in 2023

UKRAINE – Faced with a hostile neighbor on its eastern border, Ukraine, one of the world’s largest grain producers, is turning westwards to Poland in search of an export route for its vast reserves of grain. According to a Reuters report citing Poland’s infrastructure minister, Fifty percent more Ukrainian grain is moving via Poland monthly compared to the middle of…

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FAO grain index forecast decreases as Ukraine reports low grain export in November

GLOBAL  – The United Nations Food and Agriculture Organization’s (FAO) forecast for world cereal production in 2022 has been cut by 7.2 million tonnes this month and is now pegged at 2 756 tonnes, 2.0 percent (57 million tonnes) lower year-on-year. The global cereal stock-to-use ratio is estimated to drop to 29.3% in 2022-23 from 30.9% in 2021-22, registering the lowest level…

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