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Grain Highlights 05.08.2022

Rusagrotrans has raised its forecast for the wheat production in Russia in 2022 from 92.7 million tons to 94.1 million tons. A historically record production is expected in the southern parts of the country.

Grain Highlights 04.08.2022

In July, palm oil stocks in Malaysia rose to the highest level for the last 8 months of 1.79 million tons (+8.3% compared to June).

Grain Highlights 01.08.2022

The first ship loaded with Ukrainian grain has left Odessa port and is due to arrive in Istanbul on 08/02/2022. The ship is loaded with 26,000 tons of corn for Libya.

Grain Highlights 29.07.2022

The European Commission lowered its forecast for the corn production in the EU in 2022 by 5.9 million tons to 65.8 million tons, which is 7 million tons less than the production in 2021.

Grain Highlights 28.07.2022

Lloyd's is ready to insure the export of Ukrainian grain across the Black Sea. Before the war, the insurance premium was 0.25% of the value of the cargo, but now it is 5%.

Grain Highlights 26.07.2022

According to the FAS USDA forecast, wheat exports from Argentina could reach a maximum of 12.35 million tons in 2022/23 (16.2 in 2021/22).

Grain Highlights 25.07.2022

The memorandum concluded between Russia and the UN for the export of Russian wheat and fertilizers is valid for 3 years. In this regard, Russian Foreign Minister Lavrov is on a visit to African countries that are major buyers of Russian grain.