APIA release TODAY! | Agroinfo.ro


Russia does not want to extend the agreement on the Black Sea grain corridor

Russia will not accept a compromise proposal and demands that the state agricultural bank – Rosselhozbank be reconnected to the SWIFT global payments system to prevent the black sea grain corridor agreement from stalling. With 13 days left until the deal allowing Ukraine to export grain from its Black Sea ports expires, Moscow says there has been no progress on any of its demands, including the banking issue.

Turkey – the main importer of Russian wheat

In the current season, between July 1, 2022 and June 30, 2023, Russian wheat exports reported a 51% increase compared to the same period last season, according to data analyzed by Agricensus. Despite the difficult geo-political situation, Russia exported at least 44.7 million tons of wheat, as the country benefited from huge stocks, record production and logistics for high-volume sea transport. Despite the lack of official data on Russian grain deliveries, other sources also confirm the data on large export deliveries, against the background of low international prices.

The EU states were the main one

The EU states were the main “destination” of corn from Ukraine

In the September 2022-May 2023 period, corn exports from Ukraine amounted to 24.24 million tons, 20% more than the similar period (of 9 months) in the 2021/2022 season. Despite numerous obstacles, monthly exports throughout the current season have consistently exceeded 2 million tons of corn. In the last two months alone (April-May 2023), Ukraine’s corn supplies fell below previous monthly averages due to the limits set by the Russian delegation in the Joint Coordination Center.

Coceral reduces the forecast for EU wheat production

Coceral reduces the forecast for EU wheat production

The European Association Coceral reduced the prospects for the wheat production of the EU states to 127.3 million tons, from 129.5 million tons as it estimated in March, but still 0.3% more than the estimates from the same date of 2022. The main reason for the downward revision was the drought in the northern half of Europe, especially in Sweden, Denmark and the Baltic countries. However, the estimates regarding the future production of corn show that the EU harvest will be almost 9 million tons more than the production of 2022, and Romania could obtain approx. 10.3 million tons of corn, compared to 7.2 million tons in 2022.

Bunge completes merger agreement with Glencore-backed Viterra

Bunge completes merger agreement with Glencore-backed Viterra

US agribusiness company Bunge has completed a merger with Canadian company Viterra to create a diversified global agribusiness solutions company, as announced on Tuesday (13/06/2023) in an official statement. The first attempts of the two companies to merge were reported as early as 2017. This merger will create a global business rivaling that of the giants: Cargill Inc., Archer-Daniels-Midland Co (ADM) and Louis Dreyfus.

USDA - record forecast for the upcoming wheat crop

USDA – record forecast for the upcoming wheat crop

In the June report, the USDA sharply raised its forecasts for production, consumption and stocks of wheat for the 2023/2024 season. Such a “bearish” report could have caused wheat stock prices to fall by 3-5%, however, due to a large discrepancy between analysts’ estimates and the market situation, prices almost did not change. In two months, wheat prices have fallen 6-8% to their lowest levels since 2021, and forecasts for US crops remain flat for 2021 and 2022.

The article is in Romanian

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