Further Russian attacks have taken place in Odessa, whilst British Intelligence has issued a warning that the Russian navy are planning to blockade Ukrainian ports, a scenario which could cause wider spread disruption to Black Sea exports, reported CRM...
Wheat prices leaped, leading a strong session for grain futures, as a massive attack by Russia on Ukrainian ports shattered hopes for the country’s grain exports, reports the CRM Agri team.
The Black Sea agri-commodities export corridor, which allowed Ukrainian grain and oilseeds to be shipped safely, is now set to expire, after Russia announced it is pausing its participation in the initiative.
Despite the recently agreed two-month extension of the Black Sea grain export corridor, it has emerged that dozens of ships are still unable to reach Ukraine for loading with grain exports.
Moscow’s signing up to a third extension of the Black Sea grain export deal, confirmed late Wednesday, keeps open the safe corridor for Ukraine’s grain shipments and removes doubts over access to Russia’s substantial exportable wheat supplies too, commented...
Wheat futures staged their biggest rally in six months after an alleged attack on the Kremlin heightened Russia-Ukraine tensions, stoking doubts over the renewal of the Black Sea grain export deal, warned CRM Agri.
Grain markets have returned to prior levels following the late March rally after speculation about Russian export bans and the withdrawal of major trading companies from Russia, finds CRM Agri.
US agribusiness giant, Cargill, said it will further scale back its business activities in Russia, with it planning to stop handling Russian grain at its export terminal by mid-summer.
Unresolved talks over the extension of the Ukrainian grain export corridor ensures uncertainty remains in grain markets short and longer term, say analysts.
The latest data reveals that grain exports out of Russia gathered some pace in November, with both corn and wheat exports jumping, relative to October, finds CRM Agri.
Texas, US based, Core Protein LLC, is bringing a court case against Unibio US APS over the protein innovator’s alleged threatened termination of an exclusive licensing agreement.
BioMar reported very strong revenue growth for its first quarter in 2022 but its earnings were down due to increased costs of raw materials and energy. It is lowering its profit guidance, mainly as a result of the Russia/Ukraine situation.
Russia’s invasion of Ukraine has led to volatility in several sectors of the global economy. For India and the region, trade is being disrupted in the grains, oilseeds, fertilizer, and energy sectors, among others.
The conflict in the Black Sea region continues, and the global agriculture sector is braced for a huge shake-up as a direct result of the Russian invasion of Ukraine.
China is seeing its biggest COVID-19 outbreaks in two years, with partial or citywide lockdowns in multiple places and mostly for non-essential services. We look at the implications along with potential market disruption from the Black Sea conflict.
Several feed businesses have issued statements in recent days on the continuity of their Black Sea operations given the ongoing conflict in the region.
Global crude oil values have rallied sharply as the conflict in Ukraine continues to escalate and markets price in risk premium, with growing uncertainty in global markets, finds CRM Agri in its latest outlook.
UK based analysts say it is impossible to forecast whether the escalating tensions between Russia and Ukraine will have an impact on physical supply of grains.
The main driver in the agri-commodities market this week was the grain stocks report from the US Department of Agriculture (USDA); it was released yesterday.
Russia’s largest meat producer, the Cherkizovo Group, has announced a series of investments aimed at boosting regional pork and poultry production over the next two to three years, including the construction of a feed plant.
The USDA FAS forecasts a small recovery in feed demand in Russia as the livestock husbandry sector recovers from dampened demand during the COVID-19 pandemic.
Under a new agreement, Stafilies, the parent company of Russian based Uniprotein production licensee, Protelux, will buy a shareholding in Danish feed protein player, Unibio, in exchange for cash and intellectual property.
Factors such as steady demand for chicken meat, availability of feed from an ample grain crop in Russia and growing imports of soybean meal (SBM) support marginal poultry production growth in Russia next year, finds a USDA report.
Rabobank expects a slight increase in global poultry production (+0.8% YOY), mostly as a result of poultry expansion in China and Vietnam, where African swine fever has reduced pork availability, and also from expansion in the US.
In what is going to be a week focused on supply and demand with the next USDA WASDE out today, the most recent US Crop Progress report gave little in the way of shocks, says CRM AgriCommodities
Dublin-based agtech company, Cainthus, has released its first product, ALUS Nutrition, bespoke technology that allows a producer to track accessibility of feed 24/7; the system highlights times when feed is inaccessible, enabling adjusting of feeding...
Single cell protein (SCP) producer, Unibio International plc, said it has raised additional capital from Mitsubishi Corporation, Japan’s largest trading company.
Global poultry markets are expected to see some recovery in the coming months. However, such a rebound will be under fragile conditions, says Rabobank.
The Cherkizovo Group, the largest vertically integrated meat and feed producer in Russia, is one of several agribusiness operators in that country being investigated for alleged tax evasion. That company says it remains tax compliant.
