The Romanian government is considering measures that would give local farmers preferential access to the port of Constanta, which would make it more difficult to export Ukrainian production.
– During the week of June 19-25, 391,800 tons of grain were exported from the Russian port of Novorossiysk (523,600 a week earlier), including 330,700 tons of wheat and 61,100 tons of barley. Customers for wheat were UAE with 74,800 tons, Saudi Arabia with 66,000 tons, Turkey with 48,900 tons, Senegal with 32,000 tons. Saudi Arabia was the only customer for all 61,100 tons of barley.
– According to a government forecast, the grain production in Ukraine will reach 46 million tons in 2023, which is 5-7% less than last year. Despite the decline in the production, the amount is 2.5 times greater than domestic consumption. Under favorable conditions, the production can reach 50 million tons.
– The Romanian government is considering measures that will give local farmers preferential access to the port of Constanta, which will make it more difficult to export Ukrainian products. Given this and the difficult operation of the grain corridor, we may see extremely low prices for the export of Ukrainian production.
– On Friday, Chicago commodity funds were net sellers of 22,500 contracts of corn, 14,000 contracts of soybeans and 4,500 contracts of wheat.
– The government of Mexico has imposed a 50% import tax on imports of white corn. The country is self-sufficient in white corn.
– According to data from the Indian Food Corporation, the country’s government will reduce the import tax on wheat in order to stabilize domestic production prices.
– The Iranian state company has purchased 4.5 million tons of wheat from local farmers. The government maintains a high domestic price (above the world price) to incentivize farmers.
– From 25.07.2023, the authorities in Turkey limit the import of wheat into the country from companies that have old licenses and do not export flour. Thus, imports are limited in order to stabilize domestic prices and support farmers.
