Kiev/Moscow | Reuters — Ukraine is set to produce more wheat for animal feed and less higher grade bread-making grain this year, as rain damage has shifted the global exporter’s quality balance, traders and analysts said. The altered backdrop is seen heaping further pressure on global prices, while also signalling tougher competition with other European
Rain hits Ukrainian wheat quality
Traders engage in turf war for Russian terminals
Investments planned to take export capacity from 30 million to 50 million tonnes
International trade houses are buying into Russian grain port facilities to try to counter high handling costs from one of the world’s top producers of cereals, making smaller players fear they will lose out. Even with erratic harvests in recent years, Russia normally ranks among the top five global wheat exporters. But a lack of
Russia halts Australia beef byproduct imports over drug
Russia is temporarily banning the import of beef byproducts from Australia, citing the detection in shipments of a growth stimulant it prohibits and throwing into doubt exports that brought in around A$10 million (US$8.81 million) last year for Australia. The ban will be imposed from Jan. 27 and was prompted by the detection of the
Black Sea wheat exports to fall as Russian farmers hold back
Wheat exports from the Black Sea countries could be modest in November as Russian farmers withhold crop in expectation of higher prices and as Kazakhstan needs more time to get a clear estimate of the quality of its harvest, traders said. Russia, Ukraine and Kazakhstan, which are major global wheat exporters via the Black Sea,
Potash sector rocked as Russia’s Uralkali quits cartel
Russia’s Uralkali quit one of the world’s two big potash cartels on Tuesday, heralding a price war for the key crop nutrient and pummeling the shares of companies that produce it. The break-up of the Belarusian Potash Company (BPC), a joint venture with Belarussian partner Belaruskali, leaves North America’s Canpotex as the dominant potash export
Russia’s role of cheap wheat supplier may be hurt in 2013
Russia’s role as one of the cheapest wheat suppliers to the Middle East and North Africa may be jeopardized in 2013 as it looks to rebuild depleted stocks after last year’s drought. The damage to Russia’s 2012 crop generated a huge premium for old wheat crop supplies versus new crop, attracting attention from exporters and
Russia’s role as cheap wheat supplier may be hurt in 2013
Russia’s role as one of the cheapest wheat suppliers to the Middle East and North Africa may be jeopardized in 2013 as it looks to rebuild depleted stocks after last year’s drought. The damage to Russia’s 2012 crop generated a huge premium for old wheat crop supplies versus new crop, attracting attention from exporters and
Russia eyes recovery from drought and return to exports in 2013
There are concerns over Russia’s grain export volumes if the country harvests a modest crop this year, Deputy Agriculture Minister Ilya Shestakov said. Feb. 28. Russia’s officials are targeting an ambitious harvest of 95 million tonnes this year, after last year’s 71 million tonnes when the country was hit by drought. “If the harvest will
Weather puts Black Sea on course to restore grain output
Favourable weather is likely to help the Black Sea region’s three top grain producers — Russia, Ukraine and Kazakhstan — restore grain output this year after a shattering fall in 2012, analysts and officials said. Russia, usually one of the world’s top wheat exporters, was hit by drought last year, which slashed the grain harvest
Russia to face milling wheat, rye deficit
Reuters / Russia’s miller’s union said it has asked the government to ease conditions for importing wheat from Kazakhstan and rye from Germany this spring to cover a shortage after drought slashed grain crops. Russia, historically the world’s No. 3 global exporter, was hit by hot and dry weather this year, which slashed its wheat
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