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China's intentions to collect a record wheat harvest were destroyed by heavy rains in May, which flooded wheat fields in the main agrarian provinces of the country just before the start of harvesting. The extent of the damage has not yet been determined, but according to preliminary data, up to 20% of wheat crops were damaged and the quality of the grain significantly deteriorated.   China is the world's largest producer and consumer of wheat. According to the USDA forecast,...

Ukraine and Moldova are working on reducing the tariffs for railway transportation of Ukrainian agricultural products in the direction of the ports of Reni, Giurgiulesti and Galati, which will allow the Moldovan railway to significantly increase the volume of transit transportation. This issue was discussed during an online meeting between the Minister of Agrarian Policy of Ukraine M. Solskyi and the head of the Ministry of Agriculture of Moldova V. Bol.   Such a step will not only...

On the night of June 6, the Russian occupiers blew up the machine room of the Kakhovskaya HPP, which led to the destruction of 11 of the 28 spans or 170 m of the dam. Ukrhydroenergo reports that the HPP is completely destroyed and cannot be restored. This will lead to catastrophic ecological, economic and man-made losses, therefore, according to the Geneva Convention, it is a war crime and equates to the use of weapons of mass destruction, such as blowing up a nuclear power plant or an atomic...

The weighted average purchase price of grains and oilseeds in Ukraine on CPT terminals, EXW elevators, CPT processors, FCA, CPT dollar, FOB, DAF, CIF Purchase prices in Ukraine  EXW elevators, UAH CPT processor, UAH FCA, UAH CPT terminal, $ FOB, $ DAF, $ CIF, $ Wheat mill offals 4200 135 200 Mustard seeds 60000 Peas 10000 229 Sugar beet pulp gran 9500 Corn 4850 4945 172 ↑ 2 180 160 201 ↑ 5...

In May, India continued to cut palm oil imports and increase purchases of sunflower and soybean oil amid lower prices.   According to local operators, in May palm oil imports decreased by 14% compared to April to a 27-month low of 441,000 tons, although in the first half of 2022/23 MR averaged 818,203,000 tons per month. At the same time, the import of soybean oil grew by 10% to 290,000 tons, and sunflower oil by 28% to 319,000 tons. The decrease in palm oil imports was caused by a...

In June, representatives of the SCC in Istanbul did not conduct any inspection of vessels within the scope of the grain initiative, which indicates the deliberate blocking of grain exports from Ukraine by representatives of the Russian Federation.   Many experts claim that the grain agreement is more useful for the Russian Federation, as it allows it to export about 5 million tons of grain every month without any restrictions, and also to demand the restoration of transit and export...

The European Commission has extended the ban on wheat, corn, rapeseed and sunflower imports from Ukraine to Bulgaria, Hungary, Poland, Romania and Slovakia until September 15 in order to protect local farmers and eliminate logistical problems caused by the supply of cheap Ukrainian grain.   Ukraine did increase exports of wheat, sunflower and corn to C, but this allowed European processors to get cheap raw materials, increase meat production, due to which food inflation in the EU...

After falling during the past week to the lowest level since 2021, wheat quotations on world exchanges began to recover against the background of intensification of speculative demand and purchases by importers. They are also supported by the uncertainty with the harvest in the USA and Australia, where the production will be lower than last year, as well as the possible termination of the grain agreement due to the Russians blocking the passage of ships to the ports of...