The European Commission has agreed on the cancellation of national restrictions on the import of wheat, corn, rapeseed and sunseed with Poland, Hungary, Slovakia, Romania and Bulgaria. Farmers in these countires will be provided a second aid in the amount of 100 million euros.
According to the forecast of APC - Inform, the sunseed production in Ukraine will reach 12.78 million tons in 2023 (+15% compared to 2022). Sunseed exports are projected to reach 1.4 million tons (-39%).
Refinitiv Commodities Research has lowered its forecast for the 2023/24 EU soft wheat production by 1 million tons to 131.2 million tons (126 in 2022/23).
According to a Rusagrotrans forecast, the wheat production in Russia will reach 83.5 million tons in 2023/24 (+1 compared to the previous estimate). At the end of March, the forecast was increased by 1.5 million tons.
Weather conditions in Ukraine create serious problems for the sowing of spring crops. Rainfall is not much in volumes, but at the same time there are no sunny days to allow the soil to dry out for the sowing process to begin.
Agritel forecast a 2023/24 Russian wheat production of 83.2 million tons. The Ministry of Agriculture of Russia predicts a wheat production of 78 million tons (104.2 in 2022/23).
The Ministry of Agriculture of Russia forecasts a 2023/24 grain production in the country of 123 million tons, including wheat production of 78 million tons.
The European Commission has offered compensation to farmers from Eastern Europe in connection with the supply of Ukrainian grain in the amount of 100 million euros.
