GFM Network News

EU deal yet to bear fruit for Ukrainian exporters

Reading Time: 5 minutes Gorodok | Reuters — Ukraine’s Association Agreement with the European Union was meant to lure the bread basket of the former Soviet Union away from its longstanding ties with Russia by offering better access to the EU market. But debate about it was the spark that lit the Maidan street protests in 2013 and a […] Read more

Russia, Ukraine may cut grain crop forecasts as temperatures rise

Reading Time: 2 minutes Moscow/Kiev | Reuters — Major Black Sea wheat exporters Russia and Ukraine may cut their official 2015 grain crop forecasts as recent hot weather has raised the risks to plants and rains elsewhere have delayed the harvest and dented quality, farmers and officials said. Russia and Ukraine’s agriculture ministries have said if hot weather persists […] Read more

Ukraine says no grain export curbs planned

Reading Time: 2 minutes Kiev | Reuters — Ukraine has no plans to restrict grain exports after Russia introduced curbs to stabilize surging prices, and will instead meet with traders to plan the year ahead in “normal operating mode,” Agriculture Minister Oleksiy Pavlenko said Saturday. Last month, Moscow announced it would introduce grain export duties of at least 35 […] Read more

Rain hits Ukrainian wheat quality

Reading Time: 2 minutes Kiev/Moscow | Reuters — Ukraine is set to produce more wheat for animal feed and less higher grade bread-making grain this year, as rain damage has shifted the global exporter’s quality balance, traders and analysts said. The altered backdrop is seen heaping further pressure on global prices, while also signalling tougher competition with other European […] Read more

Ukraine maize crop outlook cut as crisis takes toll

Reading Time: 2 minutes Kiev | Reuters — Crisis-hit Ukraine’s maize crop is expected to slump almost 20 per cent this year, a Reuters poll showed Wednesday, as farmers from the major global exporter feel the impact of reduced financing. As Ukraine teeters on the brink of dismemberment, the crisis has toughened lending conditions and some farmers have been […] Read more

Ukraine to consider lifting wheat export curbs next month

Reading Time: 2 minutes Ukraine will decide next month whether to lift restrictions on wheat exports that were imposed after a poor harvest last year, Agriculture Minister Mykola Prysyazhnyuk said on Wednesday. The ministry has capped exports at 6.3 million tonnes in the current season, which runs to June 2013. "We could discuss the issue around April 10," Prysyazhnyuk […] Read more

Weather puts Black Sea on course to restore grain output

Reading Time: 3 minutes 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

Ukraine traders expect wheat export curbs soon

Reading Time: 2 minutes Grain traders expect the Ukrainian government to introduce curbs on wheat exports early in December but fear that instead of an official ban it might opt for informal restrictions, the grain lobby said Friday. Agriculture Minister Mykola Prysyazhnyuk said last month the government would halt wheat exports from Nov. 15 due to a fall in […] Read more