The United Nations expects an agreement signed last week in Turkey resuming exports to be implemented in a few weeks
ISTANBUL, Turkey (Reuters) — The United Nations expects a deal to resume Ukrainian grain exports through the Black Sea to be fully operational in a few weeks and restore shipments to pre-war levels of five-million tonnes a month, two senior UN officials said July 22. Ukraine, Russia, Turkey and the UN signed the deal in […] Read moreTag Archives Ukraine war — page 12
Hunger crisis hits new level: coalition
The war in Ukraine and severe climate impacts on farmers worldwide have raised hunger levels to a breaking point. The Canadian Humanitarian Coalition, comprising 12 charity organizations from across the country, has set out to fight the problem. “This is an exceptional circumstance,” said Richard Morgan, executive director of the coalition. “We’ve just come out […] Read more
Ukrainian farmers struggle as war continues
A tenuous agreement allowing some of Ukraine’s Black Sea ports to start shipping grain could be a lifeline for the country’s farmers. The war caused shipping costs to soar to US$160 to $180 per tonne from pre-war levels of $35 to $40 per tonne, said Mykola Gorbachov, president of the Ukrainian Grain Association. Farmers are […] Read more
Grain trader ADM’s profit jumps 74 percent on strong global demand
July 26 (Reuters) – Global grain trader Archer-Daniels-Midland Co (ADM) ADM.N reported a 74 percent rise in second-quarter profit on Tuesday, benefiting from high demand for grains and tighter supplies following Russia’s invasion of Ukraine. Shares jumped 3 percent in pre-market trading. Grain supply-chain middlemen like ADM and its peers have seen increased demand for […] Read more
Weather, currency and Ukraine dominate market news
Grain markets are focused on three issues: the potential for extreme summer heat, changes in interest rates and currency exchange and hopes that Ukraine will be able to resume crop exports by sea. In the U.S. Midwest and Canadian Prairies the cooler than normal weather is shifting to hotter than average conditions for the rest […] Read more
Charity focuses on Ukrainian farmers
Manitoba producer one of many ‘ambassadors’ working with World to Rebuild Rural Ukraine to help damaged farms
Like many Canadians, Jeff Kostuik would like to do something to help the people of Ukraine. Kostuik, who lives and farms near Roblin, Man., would like to assist farmers and the people of rural Ukraine, who have lost their homes, tractors, barns and farm equipment because of bombs and missile attacks during Russia’s invasion. But […] Read more
Ukrainian export optimism based on ports reopening
UkrAgroConsult believes Ukraine’s grain and oilseed exports could be much higher than the United States Department of Agriculture forecasts. “Export potential is serious and supported by unusually high ending stocks,” company grain market analyst Maryna Marynych said in a webinar. She forecasts as much as 31.5 million tonnes of corn and 16 million tonnes of […] Read more
Sovecon ups forecast for Russia’s 2022/23 wheat exports to new record high
June 29 (Reuters) – The Russia-focused Sovecon agriculture consultancy said on Wednesday it had raised its forecast for Russia’s July-June wheat exports by 300,000 tonnes to a new record high of 42.6 million tonnes. Russia is the world’s largest wheat exporter supplying mainly the Middle East and Africa. Exports will be supported by a record-sized […] Read more
Canada supports Ukrainian grain storage
The Canadian government has pledged $52 million to Ukraine for grain storage and laboratory equipment. Prime minister Justin Trudeau announced the funding June 26 during a G7 meeting in Germany. Agriculture minister Marie-Claude Bibeau said she had called the Ukrainian agriculture minister Mykola Solskyi to let him know the help was on its way. “He […] Read more
‘Off the charts’ chemical shortages hit U.S. farms
CHICAGO, June 27 (Reuters) – U.S. farmers have cut back on using common weedkillers, hunted for substitutes to popular fungicides and changed planting plans over persistent shortages of agricultural chemicals that threaten to trim harvests. Spraying smaller volumes of herbicides and turning to less-effective fungicides increase the risk for weeds and diseases to dent crop […] Read more
