Russia’s Uralkali quit one of the world’s two big potash cartels on Tuesday, heralding a price war for the key crop nutrient and pummeling the shares of companies that produce it. The break-up of the Belarusian Potash Company (BPC), a joint venture with Belarussian partner Belaruskali, leaves North America’s Canpotex as the dominant potash export […] Read more
Potash sector rocked as Russia’s Uralkali quits cartel
Russia’s role as cheap wheat supplier may be hurt in 2013
Russia’s role as one of the cheapest wheat suppliers to the Middle East and North Africa may be jeopardized in 2013 as it looks to rebuild depleted stocks after last year’s drought. The damage to Russia’s 2012 crop generated a huge premium for old wheat crop supplies versus new crop, attracting attention from exporters and […] Read more
Weather puts Black Sea on course to restore grain output
Favourable weather is likely to help the Black Sea region’s three top grain producers — Russia, Ukraine and Kazakhstan — restore grain output this year after a shattering fall in 2012, analysts and officials said. Russia, usually one of the world’s top wheat exporters, was hit by drought last year, which slashed the grain harvest […] Read more
Russia’s economy minister, deputy PM at odds on grain export curbs
Russian government officials were at odds over the key global wheat supplier’s policy on grain exports, after the economy minister warned on Friday that restrictions could come if domestic prices continue to rise after a severe drought. "The issue of a grain export ban is one of domestic grain price dynamics. We are witnessing such […] Read more
Ukraine to follow suit if Russia limits grain exports
Any effort by drought-stricken Russia to restrict grain exports is likely to provoke a similar move by neighboring Ukraine, leaving markets bereft of supply from two major Black Sea producers at a time when dry weather has slashed grain supply from India to Indiana. Importers moved swiftly to secure supply as the harvest outlook took […] Read more
Weather to favour late Black Sea crops
Mild temperatures and rain early next week are likely to partially restore grain yields in part of the Black Sea region, forecasters said on Friday, raising hopes for stronger crops and exports from Russia, Ukraine and Kazakhstan. Wheat production from the three Black Sea-region producing countries, which normally supply a quarter of world wheat export […] Read more
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