Russia agrees to extend Black Sea grain deal, but only for 2 months
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.
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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.
Significant cuts were made to world corn export estimates compared to the February report, while global soybean production was again projected downward, largely due to losses and low yields in the Argentine crop.
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.
Once again, the production estimate for Argentina's crops was reduced as a result of the adverse weather conditions that have accompanied the development of the crops in this new season.
EU agri-food exports and imports are both on the rise in September 2022.
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.
The National Supply Company (CONAB) expects soybean oil and meal exports to be around 22.5 million tons.
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.