Increased Global Sunflower Production According to recent forecasts from the United States Department of Agriculture (USDA), global production of oilseeds, including sunflowers, is set to grow by 7% in the 2023/24 season. This increase is primarily attributed to significant production booms in soybeans in South America and sunflowers in the European Union, Ukraine, and the … Read more
The Russian Federation’s Disruption of the Grain Agreement The ongoing grain agreement dispute, primarily involving Russia and Ukraine, is revealing a significant power play in the realm of international trade. According to Ukraine’s Permanent Representative at the UN, Serhiy Kyslytsia, Russia has been manipulating the situation to its advantage, alleging that the grain agreement is … Read more
Increased Oilseed Supplies from Ukraine and Australia In the global commodities market, the law of supply and demand invariably holds sway. Recently, a significant surge in the delivery volumes of canola from Australia and sunflower from Ukraine to Europe has precipitated a dramatic drop in vegetable oil prices. According to the Australian Bureau of Statistics, … Read more
The grain trade negotiation, a critical aspect of global food security and international trade, has hit a roadblock recently. The discussions held on May 5, 2023, ended without a resolution, pushing the negotiation to be postponed until the following week. The situation presents challenges and potential shifts in the international grain market. The Unresolved Meeting … Read more
Disruption in the Grain Initiative The Ukrainian Ministry of Reconstruction recently announced that Russian representatives have effectively halted the operation of the grain initiative by refusing to register and inspect vessels intended to move to Ukrainian ports via the grain corridor. Such actions contradict the existing agreement’s terms, causing significant disruption in the international grain … Read more
Soybean and palm oil prices have continued to rise, despite lower oil prices, as traders anticipate increased imports by China and India. In the context of the US Fed’s interest rate increase to 5-5.25% and an expected recession in the US economy, traders have turned to agricultural assets as a more attractive investment. This article … Read more
The Dominance of Ukrainian Oilseeds in EU Market In the 2022/23 marketing year, Ukraine emerged as the leading supplier of sunflower seeds, rapeseed, sunflower meal, sunflower, and soybean oil to the European Union. This significant import increase, up 68% from the previous season to 9.8 million tons, reshaped the EU’s import landscape for oilseeds. The … Read more
EU Rapeseed Production Forecast Revised Upwards Strategie Grains experts have revised their EU rapeseed production forecast for 2023, increasing it from 19.5 to 20 million tonnes compared to April estimates. This boost in production is attributed to favorable weather conditions across most of Europe, which surpasses the previous year’s output of 19.4 million tonnes. The … Read more
In April 2023, grain exports from Ukraine experienced a decline compared to March, from 5.34 million tons to 3.62 million tons. Although this still surpasses the 923,000 tons shipped in April 2022, when all Black Sea ports were blocked due to Russian aggression, the challenges posed by the blockage of the grain corridor and EU … Read more
Despite ongoing conflict and instability, Ukraine’s grain export industry continues to thrive. In March 2023, Ukraine exported the largest monthly volume of grain in its history, signaling the resilience of the country’s agricultural sector. Overview of Ukraine’s Grain Export Industry Ukraine is one of the world’s leading producers and exporters of grain, including wheat, barley, … Read more