War has taken toll on Ukraine’s grain storage facilities
One out of every six, or about 15%, of Ukrainian crop storage facilities, have been destroyed, damaged or controlled by Russia and its aligned forces since it invaded Ukraine on Feb. 24, according to the Conflict Observatory, an American non-governmental organization.
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).
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.
Rain hurts Russian winter wheat quality
The quality of Russia’s winter wheat crop, which accounts for nearly three-fourths of the nation’s annual production, has taken a hit following recent rains in several regions with more expected this week, Reuters reported, citing Russia-focused agriculture consultancy Sovecon.
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.
China expected to import less soybeans
Slower economic growth, high prices and COVID-related restrictions have lowered China’s soybean import expectations for 2021-22, according to a report from the US Department of Agriculture’s Foreign Agricultural Service (FAS)
Argentina grain exports stymied by trucker protest
Loaded grain trucks were not getting to Argentina’s largest port on June 29 as a truck driver protest against high fuel prices brought the country’s agricultural exports to a near standstill, Reuters 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.