Brazil: Despite continued delays in planting a record corn harvest is expected
In Argentina, on the other hand, new downward adjustments in estimates led to a reduction in world production.
In Argentina, on the other hand, new downward adjustments in estimates led to a reduction in world production.
The Commission committed to launch in 2023 an EU Fertilisers Market Observatory. The Commission published the call for applications with a view to formally launch the group of experts before summer 2023. The call is open until 4 April.
Russia announced earlier that it would agree to a 60-day extension, which is half the number of days agreed when it first expired in November.
Soybean harvest this season is forecast to be 20.6% higher than in the previous season, which indicates a recovery in the productivity of the crops that were affected by adverse weather conditions in 2021/22.
The current "Black Sea Grain Initiative" agreement, which has allowed grain exports to date, expires on March 17.
Brazil has harvested only 23% of the 152.88 million tons forecast for the 2022/23 season.
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Corn production is again forecast lower due to further declines in the U.S., Argentine, and Brazilian crops. For soybeans, a 4 million ton reduction in the Argentine crop is expected due to drought conditions affecting crop yields.
Season forecasts depend on the sustainability of the cereal corridor in the Black Sea.
With the total planted area in the country estimated at 77 million hectares, Brazilian agriculture maintains trending growth.
Decreases are accentuated for corn production in Ukraine and the European Union; the latter would demand more imports of the grain to compensate for the drop in its domestic supply.
Belarus will allow, without preconditions, the transit of grain from Ukraine through its own territory.
MEPs reached a preliminary agreement with EU governments on a new deforestation-free law that will oblige companies to verify and issue a declaration.
There is a serious problem with fertilizer accessibility. In the EU, fertilizer prices went up 149% from September 2021 to September 2022.
In the 2021/22 marketing year, 20.9 million t of grains were used for animal feed in Germany, around 16% less.
The latest report on corn and soybean crop estimates showed slight variations from the October report. Highlights include a decrease in European Union harvests and an increase in ending stocks for Brazil and Ukraine.
Russia has agreed to extend the agreement on Ukrainian grain exports from Black Sea ports for four months.
The scenario projected for world corn production suggests an upward trend in demand for Brazilian exports.
Conab's first survey for the next agricultural year foresees an 8.5% increase in comparison with the previous period, reaching 18.2 million tons.
The Communication exposes several good practices, such as promoting the use of organic fertilizers.
Russia decided late last week to suspend its participation in the "Black Sea Grain Initiative", thus obstructing the export of grain through the Black Sea.
The spread of animal diseases and the economic impact of the war in Ukraine are the main factors reducing demand.
Compared to the September report, new cuts in U.S. production and export projections for corn and soybeans stand out, while for Latin America, increases are estimated for oilseeds in these two indicators.