Page 3 of articles about raw-material

Total grain sown area, yield per unit area, and total grain output of summer grain in 2023.

Despite the expected drop in EU cereal area and reduced yield growth, EU cereal production is due to be higher this year.

Without Russia's participation, the Black Sea Initiative ceases to function as of July 18.

This corridor, which allows the export of cereals and fertilizers from Russia and the Ukraine, is of the utmost importance to maintain world food security.

In this new update, the projection for world soybean production was cut by more than 5 million tons compared to the June report, due to a lower planted area in the United States. Estimates for corn were slightly higher than in the previous report.

According to Eurostat data, fertilizer consumption in the EU fell by 2% in 2021.

International maize prices saw a fifth consecutive monthly decline.

Global agricultural and food production are projected to continue to increase over the next ten years, but at a slower pace of growth than the previous decade due to demographic trends, according to the OECD-FAO Agricultural Outlook 2023-2032.

Green Deal: Law to fight global deforestation and forest degradation driven by EU production and consumption enters into force

FAO’s latest release of the Food Outlook points to likely increases in production across most categories.

The EU must strengthen its food security, autonomy and resilience of its farming sector in the light of COVID-19 pandemic, Russia’s war against Ukraine, and climate change.

There were no significant changes in the first update of the crop estimates for the new 2023/24 season, which is why the influence of this update on prices and the general market was virtually negligible.

Exports in May reached 1.3 million metric tons of grains and other foodstuffs. That is less than half of the previous month.

The FAO cereal price index decreased by nearly 5% in May.

The suspension of all customs duties, quotas, and trade defense measures on Ukrainian exports is renewed.

Increased crop production in the United States and Brazil, recovery of harvest levels in Argentina and the European Union.