Reuters – Russian wheat offers at a recent import tender by Egypt were all made at the same price, highlighting what traders classify as behind-the-scenes intervention by Russia’s government that is sowing confusion about the world’s biggest wheat-exporting country. Here is a more detailed look at what is happening: Russian policy In March, sources told
Why are Russian export prices roiling the wheat market?
Dissecting the factors around Russia’s grain movement and its impact on global markets
High pasta prices set to boil over as Canada’s wheat withers
Drought in Prairie durum-growing region adds to global supply woes
Reuters – Pasta lovers must brace to pay higher prices for their favourite dish, as drought in Canada and bad weather in Europe damages durum wheat crops and reduces supplies available to flour millers and food companies. Italy’s government called a crisis meeting in May as prices for the staple food jumped by more than double the national inflation
Richardson buys into European malt market
Winnipeg agrifood firm buys U.K.-based Anglia Maltings
Paris | Reuters — Canada’s biggest grain merchant Richardson International is entering the malt sector through the acquisition of U.K.-based Anglia Maltings Holdings (AMH), targeting rising demand for the beer and whisky ingredient, Richardson said on Friday without disclosing financial terms. Anglia Maltings operates seven malt facilities in the U.K., Poland, and Germany, with combined
Morocco adjusts wheat import scheme in nod to Black Sea
Move could bump up competition among exporters
Rabat/Paris | Reuters — Morocco, a major cereal importer, has modified its wheat import subsidy scheme to make it easier for companies to bring in cargoes from the Black Sea region, an official at state grain agency ONICL said on Wednesday. The revision, also reported by traders, means that as of March importers are able
Europe’s grain crops in good condition as spring approaches
Reuters – Grain crops in Europe are nearing the end of winter in good condition, though low rainfall in the west is a risk for the spring growing period, analysts said. A record dry spell in France over the past month has raised concern about a repeat of the drought that last year damaged later-planted
Greece detects wild ASF case
Reuters – Greece has found African swine fever (ASF) in a wild boar in the north of the country, the World Organization for Animal Health said Jan. 23. The disease was found in a dead wild boar in a forest in the Serres region, which borders Bulgaria and North Macedonia, according to Greek authorities. Greece’s
EU cuts estimate of drought-hit maize crop, raises import outlook
Commission cuts soft wheat exports, raises imports
Paris | Reuters — The European Commission on Friday cut its estimate of this year’s drought-hit maize harvest in the European Union to a new 15-year low while again raising its projection for this season’s maize imports. European maize (corn) crops endured severe drought and several heatwaves during the crucial summer growth period. The Commission
EU wheat exports start strongly as war hangs over season
European Union wheat is being scooped up at the start of the 2022-23 crop season as importers profit from a pullback in prices and seek alternatives to Ukrainian supplies disrupted by war, traders and analysts said. A rare purchase of German wheat this week by Egypt’s state grains buyer, which ramped up direct purchases outside
French seeding down on wheat, up on barley, rapeseed
Reuters – Farmers in France, the European Union’s biggest crop producer, are expected to cut back on wheat and sugar sowing for this year’s harvest, but expand barley and rapeseed area, the country’s Farm Ministry said April 12. The ministry pegged the 2022 area of soft wheat, France’s most grown cereal, at 4.79 million hectares
Food prices hit record high in March, UN agency says
Ukraine conflict driving commodity price hikes
Reuters – World food prices jumped nearly 13 per cent in March to a new record high as the war in Ukraine caused turmoil in markets for staple grains and edible oils, the UN food agency said on Friday. The Food and Agriculture Organization’s (FAO) food price index, which tracks the most globally traded food
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