Euronext wheat edged up on Friday but was set for a sharp decline over the year after stiff export competition from the Black Sea region eased worries about war disruption to the grain trade.
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EU wheat prices set for annual fall as Black Sea trade withstands war
War in Ukraine propelled grain prices to record highs in 2022, but prices subsided this year
Deal reached to resume Ukraine grain transit with five EU countries
Agreement includes support package for local farmers
Brussels | Reuters — The European Commission said Friday it had reached a deal in principle to allow transit of Ukrainian grain to resume through five European Union countries that […] Read more
Poland pledges aid for farmers as PM slams EU response
PM says EU offer a 'drop in the ocean'
Warsaw | Reuters — European Union measures to help farmers affected by a glut of Ukrainian food imports are too little too late, the Polish prime minister said on Friday, […] Read more
EU plans import curbs on Ukraine grain, farmer supports for border countries
Grain would be let into five countries only for export
Brussels | Reuters — The European Union is preparing 100 million euros (C$147.4 million) in compensation for farmers in five countries bordering Ukraine and plans to introduce restrictions on imports […] Read more
Morocco adjusts wheat import scheme in nod to Black Sea
Move could bump up competition among exporters
Rabat/Paris | Reuters — Morocco, a major cereal importer, has modified its wheat import subsidy scheme to make it easier for companies to bring in cargoes from the Black Sea […] Read more
EU’s oilseed yields expected to decline in 2022-23
USDA's attaches predict uptick in EU's oilseed acres
MarketsFarm — The U.S. Department of Agriculture’s (USDA) attachés in Europe have projected oilseed production in the 27-member European Union to increase just slightly in 2022-23. The 18 attachés involved […] Read more
U.S. grains: Chicago wheat limit up to 14-year peak
Soyoil sets record on Russia-Ukraine crisis
Chicago | Reuters — Chicago Board of Trade wheat futures soared by the daily limit to their highest level in almost 14 years on Tuesday as traders feared prolonged disruptions […] Read more
EU predicts pain for farmers, consumers from Ukraine crisis
Brussels | Reuters — Russia’s invasion of Ukraine and EU sanctions on Moscow will prove painful for farmers, consumers, fertilizer makers and exporters of farm products, the European Commission warned […] Read more
EU parliament committee approves farm subsidy reforms
Brussels | Reuters — The European Parliament’s agriculture committee on Thursday approved a deal to overhaul the European Union’s huge farming subsidies, including new measures aimed at making agriculture greener. […] Read more
EU countries approve deal to overhaul farming subsidies
Subsidies to focus on sustainability, 'eco-schemes'
Brussels | Reuters — European Union countries on Monday gave the green light to reforms of the bloc’s huge farming subsidy program, after a three-year battle over rules to make […] Read more