India denies reports that it plans to import wheat
Although wheat production is forecast to fall to its lowest level in four years, India’s government on Aug. 21 reiterated that it had no plans to import wheat, Reuters reported
Black Sea Grain Initiative exports top 560,000 tonnes.
More than 560,000 tonnes of grain has been exported from Ukraine’s Black Sea ports since Russia agreed to lift its naval blockade on July 22, according to the Joint Coordination Centre (JCC).
First Ukrainian grain ship headed to Africa
A ship is nearing Ukraine to pick up wheat for Ethiopia, making it the first food delivery to Africa under an UN-brokered plan to deliver grain trapped by Russia’s war, the Associated Press reported
World’s top wheat-producing countries
In 2022-23, the International Grains Council’s July report anticipates worldwide wheat production to reach 770 million tonnes, down from 781 million tonnes in 2021-22, with 195 million tonnes available for trade.
Turkey plans to import more wheat in 2022-23
Turkey plans to import more wheat in 2022-23 to meet domestic food and feed demand, strengthen country stocks and meet stable demand from wheat product producers and exporters, according to a report from the Foreign Agricultural Service of the US Department of Agriculture (USDA
First Ukrainian grain ship leaves Odesa under brokered deal
The first ship carrying Ukrainian grain under a deal brokered by Turkey and the United Nations left the port of Odesa on Aug. 1, carrying 26,000 tonnes of corn destined for Lebanon, The Associated Press reported.
Russia may switch grain export tax to rubles
Russia is considering a gradual switch for state export taxes for grains and sunflower seeds from US dollars to rubles at the behest of commodities traders.
Grain market review: Wheat
World wheat markets are at their highest price levels since 2008 as reduced supplies, held back by the conflict in Ukraine, a move by India to limit shipments abroad, and the weather.