Australia, China seek truce in barley dispute.
Australia announced on April 11 that it has taken steps to attempt to reopen the Chinese market to Australian barley, which essentially has been banned by China during the past three years after its government imposed an 80% import tariff in 2020.
Cargill to stop elevating Russian grain exports.
Citing mounting challenges to its grain export operations in Russia, Cargill will cease elevating Russian grain in the new export season that begins July 1.
Focus on South Korea
With less than a quarter of its land used for agriculture, South Korea relies heavily on imports, particularly wheat and corn, while producing a significant amount of rice.
Grain market review: Oilseeds
A likely record Brazilian crop, with Argentina’s production problems already factored in, and subdued demand were at the top of the list of factors behind easing oilseeds prices in recent weeks.
Bunge joins canola collaboration
Bunge will collaborate with Corteva Agriscience and Chevron U.S.A. Inc., a subsidiary of energy giant Chevron Corp., to introduce proprietary winter canola hybrids that produce plant-based oil with a lower carbon profile, driven by opportunities in the renewable fuels sector.
Ukraine grain exports tumble
Entering its second year of war, Ukraine’s grain exports have tumbled to 31.8 million tonnes, down 27% so far for the 2022-23 season as Russia’s invasion grinds down agricultural production and infrastructure that previously contributed substantially to world markets, Reuters reported, citing Feb. 27 agricultural ministry data.
China corn production on upswing
Corn production in China for 2022-23 is trending higher at 277.2 million tonnes, up 1.7%, or 4.6 million, from last year, and feed mills have resumed mixing more corn amid higher wheat and sorghum prices, according to a Global Agricultural Information Network report from the Foreign Agricultural Service (FAS) of the US Department of Agriculture.
French soft wheat exports outside the EU on rise
The forecast for 2022-23 soft wheat exports from France outside the European Union has continued to climb to 10.6 million tonnes, 21% more than last year, on strong demand from North Africa, Reuters reported, citing farm office FranceAgriMer.
India eyes better year for wheat
Higher prices and better weather could help India’s wheat production take a leap forward with farmers planting high-yielding varieties in a wider area, Reuters reported, citing scientists and traders in the world’s second-largest grower of the grain.
Ukraine urges faster ship inspections
Ukraine sees faster ship inspections, rather than opening additional ports, as the key to increasing its exports under the Black Sea Grain Initiative, Reuters reported, citing a senior Ukrainian government official.