Global grain markets were under pressure at the start of the week, likely due to ongoing concerns surrounding the global economic outlook, improved weather conditions in South America and some pressure on short term Brent crude oil futures contracts,...
The impacts of Russia’s invasion are going to change the dynamics of agriculture in Ukraine for years to come, and will inherently impact the global grains and oilseed market, according to insights gleaned from a recent webinar run by AHDB.
EU agricultural production continues to be impacted by the consequences of the Russian invasion of Ukraine, by surging energy prices, increasing input costs and food inflation throughout the EU, according to an outlook released yesterday by the EU Commission.
Louis Dreyfus Company (LDC) generated substantial profits in the first half of 2022, saying it capitalized on its diversified business portfolio and global network to manage global trade challenges and the fall-out from the war in Ukraine.
Demand for soybeans remains subdued and the dollar remains exceptionally strong, further dragging on demand levels, while the war in Ukraine continues to support global rapeseed values, finds a report from CRM Agri.
Ukraine exported 2.17 million tons of grains, legumes, oilseeds, and by-products in June, which is 470,000 tons or 25% more than in the previous month, according to the latest data from Ukraine’s ministry of agriculture.
Experts from the Copa and Cogeca working groups on the cereal and oilseeds markets estimated this week that cereal production in the EU-27 will reach 277m tons in the 2022 harvest, some 4.4% lower than the year prior.
The fall in crude oil markets at the end of last week has pressured vegetable oil and oilseed markets. After last week’s heatwave across the US, this week’s USDA crop progress report will be closely watched, say CRM Agri.
In its third forecast for 2022, COCERAL sees the total grain crop for the EU and the UK as coming in at 309.5 million tons, an increase from the 305.6 million tons it forecast in March, but lower than the 312 million tons harvested last year.
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.
Ukraine’s ministry of agrarian policy and food is trying to increase the export of agricultural products to 1.5m metric tons (MMT) per month by railway, along with 0,6m Mt via ports and 0,2m Mt by land.
Global poultry industries need a sharp focus on operations to offset higher costs and supply chain constraints. Optimal procurement and feed formulation will be vital, say animal protein market specialists.
Feed industry representative group, the Agricultural Industries Confederation (AIC), has hailed the UK government’s announcement that from June 1, 2022, it will remove the 25% import tariff on corn imported to the UK from the US.
In what has been a mixed day for markets, weather forecasts for large parts of US winter wheat are now once again showing little beneficial rainfall over the next week and uncertainty remains around crop conditions, say UK-based agri-commodity specialists.
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.
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.