Reuters — A United Nations source on Wednesday said they have reasons to be “cautiously optimistic” on the renewal of a Black Sea grains export agreement, which is set to roll over on Saturday unless there are objections. The U.N.-backed agreement on July 22 allowed grain shipments to resume from certain Ukrainian ports on the […] Read more
Reasons for optimism seen on renewal for Ukraine grain deal
Deal set to roll over on Saturday
U.N.’s Black Sea grain deal continues without Russia
London | Reuters – Grain was flowing out of Ukraine at a record pace on Monday under an initiative led by the United Nations aimed at easing global food shortages despite Russia’s decision to suspend its participation in the scheme. Russia said on Saturday it was pulling out of the deal, which ensured safe passage […] Read more
Argentina eyes production of genetically modified wheat
Country has given limited approval to a variety with a drought-resistance gene from a sunflower
Reuters – In fields near the Argentine farm town of Pergamino, spiky green shoots of wheat stretch in neat rows to the horizon. It is a crop that developers hope will yield higher thanks to a single gene borrowed from sunflowers to help it better tolerate drought. The field is one of dozens of sites […] Read more
Sunflowers are liquid gold for Norfolk County producer
The Persalls are Canada’s biggest – and only – makers of cold-pressed sunflower oil
Nestled on a quiet road in Norfolk County, Pristine Gourmet is Canada’s only cold press sunflower oil operation. “We are the only processor in Canada producing sunflower oil, and a lot of people are a little bit surprised by that,” said Jason Persall, a fourth-generation farmer. “It’s an opportunity for us.” Why it matters: Entrepreneurial […] Read more
Global grain stocks near worrying decade low
The world’s buffer stocks of corn will be enough for just 80 days’ worth of consumption by the end of 2022-23 crop year
The world is heading toward the tightest grain inventories in years despite the resumption of exports from Ukraine because the shipments are too few and harvests from other major crop producers are smaller than initially expected, according to grain supply and crop forecast data. Poor weather in key agricultural regions from the United States to […] Read more
Russian drones hit sunflower oil terminal, Mykolaiv mayor says
Kyiv | Reuters — Russian kamikaze drones hit tanks with sunflower oil at one of the terminals in the Ukrainian port city of Mykolaiv late on Sunday, the city mayor said on Monday. One of Ukraine’s largest ports, Mykolaiv halted shipments at the start of the Russian invasion, but Ukraine is pushing to open the […] Read more
Russia says annual grain harvest to grow thanks to ‘new territories’
London | Reuters — Russia’s grain harvest is set to grow by about five million tonnes a year thanks to its incorporation of four Ukrainian territories, Agriculture Minister Dmitry Patrushev said Tuesday. “Considering the arable land that exists there, I think at least five million tonnes of grain will be added to the Russian savings […] Read more
Bunge to sell oilseed processing business in Russia
Grain firms scaling back Russian business
Reuters — Agricultural commodities trader Bunge said Monday it has agreed to sell its oilseed processing business in Russia to Karen Vanetsyan, the controlling shareholder of Exoil Group. The sale includes the sunflower processing plant in Voronezh. Bunge and its rivals ADM, Cargill and Louis Dreyfus — part of the so-called ABCD quartet of global […] Read more
Europe facing its worst drought in 500 years
Europe is facing its worst drought in at least 500 years, with two-thirds of the continent in a state of alert or warning, reducing inland shipping, electricity production and the yields of certain crops, a European Union agency said Aug. 22. The August report of the European Drought Observatory (EDO), overseen by the European Commission, […] Read more
Manitoba’s sunflower crop smaller, better
Global supply, demand outlooks remain uncertain
MarketsFarm — If Canada’s 2022 sunflower seed harvest is to be the lowest in five years, you wouldn’t know it talking to producers of the crop. In its July satellite image-based principal field crops estimates released Monday, Statistics Canada projected sunflower seed production for the 2022-23 marketing year at 61,996 tonnes, 24.2 per cent lower […] Read more
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