Ukraine says nearly 300,000 tonnes of grain destroyed.
Russia’s attacks on Ukraine’s agricultural infrastructure and ships since July have destroyed nearly 300,000 tonnes of grain, Reuters reported, citing the Ukrainian government. Since Russia quit the Black Sea Grain Initiative in July, its military forces have hit six civilian ships and 150 port and grain facilities during 17 attacks, destroying crops headed for export, Deputy Prime Minister Oleksandr Kubrakov said in a statement.
UN, Russian officials discuss grain exports
Talks aimed at providing Ukraine and Russia “unimpeded access” to global grain and fertilizer markets were held between the United Nations and Russian officials Oct. 9 in Moscow, Reuters reported. UN spokesperson Stephane Dujarric said top UN trade official Rebeca Grynspan was in Moscow and UN aid chief Martin Griffiths joined the talks virtually.
More ships using Ukrainian seaports
Three ships left Ukrainian ports on Oct. 1, and five more ships are on their way to ports using a new corridor opened by Ukraine mainly for agricultural exports as an alternative to the Black Sea Grain Initiative quit by Russia, Reuters reported. “Five new vessels are waiting to be loaded in Ukrainian ports,” Ukraine Deputy Prime Minister Oleksandr Kubrakov said on the X social media platform. “Bulk carriers OLGA, IDA, DANNY BOY, FORZA DORIA, NEW LEGACY are going to…
Poland to extend embargo of Ukraine grain
Poland announced on Sept. 12 that it will not lift its embargo of imports of Ukrainian grain this week as originally planned. Poland Prime Minister Mateusz Morawiecki said resuming imports would hurt Polish farmers.
Argentina anticipates rebound in soybean crop
Argentina’s soybean crop is expected to rebound in the 2023-24 crop year to an estimated 50 million tonnes, up from 21 million tonnes last season, according to a Sept. 7 report from the Buenos Aires grain exchange. The country is a top exporter of processed soybeans and also a major corn and wheat supplier. A historic drought sharply reduced production last season.
Romania to boost Ukrainian grain exports
With additional staff and the completion of EU-funded infrastructure projects, Romania said it could double its monthly transit of Ukrainian grain to its Black Sea port of Constanta to 4 million tonnes in coming months, particularly via the Danube River, Reuters reported, citing Romania's minister of transport. Ukraine is one of the world’s top grain exporters, and Russia has been attacking its agricultural and port infrastructure after refusing to extend the Black Sea Grain Initiative brokered by the United Nations…
Cargill revenues rise 7% to $177 billion
Excellent execution” and “customers’ partnerships” helped Cargill deliver an increase in revenues in the fiscal year ended May 31. At $177 billion, revenues were up 7% from fiscal 2022, the company noted in its annual report. Cargill said the rise in revenue in part reflected the benefit of several investments undertaken in 2023, including a new joint venture with Wayne-Sanderson Farms, which the company said positions it for growth in North American poultry. Additionally, Cargill acquired Owensboro Grain Co., which…
Russia hits grain infrastructure on Danube River
Russia has continued its attack on Ukraine’s grain infrastructure, destroying a grain warehouse on the Danube River in a drone attack on July 24, Reuters reported. Since leaving the Black Sea Grain Initiative on July 17, Russia has targeted ports in Odesa, Mykolaiv and Chornomorsk, damaging grain terminals, port infrastructure and grain.
Russia Pulls out of Black Sea grain deal
Russia announced on July 17 it was suspending its participation in the Black Sea Grain Initiative which for nearly a year has allowed safe passage of Ukraine grain exports via the Black Sea in the midst of a war between the two countries. The deal, which was brokered by the United Nations and Turkey, was set to expire at 5 p.m. today. The last shipments from Ukraine departed from the Port of Odesa on July 16.
Ukraine convinced Russia will exit grain deal.
Ukraine is nearly certain Russia will leave the Black Sea Grain Initiative as its renewal date approaches because Russia is developing an alternative for its ammonia exports, Reuters reported, citing a senior Ukrainian diplomat. The United Nations and Turkey brokered the Black Sea deal in separate agreements with Russia and Ukraine in July 2022 to alleviate a global food crisis worsened by Russia’s Feb. 24, 2022, invasion of Ukraine.