Reading Time: 2 minutes Some 151 ships have used Ukraine's new Black Sea shipping corridor since it was set up in August, the Interfax-Ukraine news agency reported on Friday, citing a senior government official.
Ukraine says 151 ships have used new Black Sea corridor
Promised free grain shipments are headed for Africa, says Moscow
IGC raises world crop projections
If realized, the world wheat crop will the second largest on record
Reading Time: < 1 minute Projected worldwide wheat, corn and soybean production in 2023/24 was raised by the International Grains Council in its latest update, with better-than-expected corn yields in the United States and larger Black Sea wheat crops behind the adjustment.
Nutrien misses quarterly profit estimates as potash prices plummet
Fertilizer demand expected to rise in Q4
Reading Time: < 1 minute Reuters — Nutrien fell short of analysts’ estimates for third-quarter profit on Wednesday, as lower potash prices weighed on the world’s biggest fertilizer producer. Potash prices have been falling after shipments from Belarus and Russia resumed. These exports had been significantly restricted last year following Western sanctions imposed on Russia in response to its invasion […] Read more
Russia destroyed 300,000 tonnes of grain since July in attacks, Kyiv says
Port damage cuts export potential 40 per cent, deputy PM says
Reading Time: < 1 minute Kyiv | Reuters — Russia has destroyed almost 300,000 metric tonnes of grain since July in attacks on Ukraine’s port facilities and on ships, the Ukrainian government said on Friday, underscoring the war’s threat to global food security. In summer, Moscow quit a U.N.-brokered deal that had allowed exports of Ukrainian grain through the Black […] Read more
U.N. held talks in Russia on Monday on grain, fertilizer exports
'Unimpeded access' sought for Ukrainian, Russian grain
Reading Time: 2 minutes United Nations | Reuters — Top United Nations trade official Rebeca Grynspan met with Russian officials in Moscow on Monday for talks aimed at enabling the “unimpeded access” to global markets for grain and fertilizer from Russia and Ukraine, a U.N. spokesperson said. U.N. aid chief Martin Griffiths also attended the meetings virtually, U.N. spokesperson […] Read more
Britain says Russia may target civilian shipping with mines in Black Sea
Intel suggests goal is to deter Ukraine grain exports, Britain says
Reading Time: < 1 minute London | Reuters — Russia may use sea mines to target civilian shipping in the Black Sea, including by laying them on the approach to Ukrainian ports, the British government said on Wednesday citing intelligence. Russia in July pulled out of a deal that had allowed Ukraine to safely ship food products out through what […] Read more
Russia’s leverage on grain to decline, senior U.S. official says
Attacks on ships may hurt pricing
Reading Time: 2 minutes New York | Reuters — Russia’s leverage over Ukraine’s export of grain via the Black Sea will likely erode in weeks to come as more ships are able to leave Ukrainian ports and rising costs could prompt Moscow to reconsider its abandonment of the grain deal, a senior U.S. State Department official said. James O’Brien, […] Read more
Cargill agrees to sell stake in Russian grain terminal
Buyer says deal under government review
Reading Time: < 1 minute Reuters — U.S.-based commodities trader Cargill said on Thursday it had agreed to sell its stake in a Russian grain terminal to Russia’s Delo Group. “In line with Cargill’s earlier announcement to stop the export of Russian grain in July 2023, we can confirm we have reached an agreement with Delo to sell our 25 […] Read more
Russian Agricultural Bank could have SWIFT access within 30 days, U.N. tells Moscow
Russia seeking 'actual exemptions' from sanctions
Reading Time: 3 minutes Reuters — A Russian Agricultural Bank subsidiary in Luxembourg could immediately apply to SWIFT to “effectively enable access” for the bank to the international payments system within 30 days, the United Nations told Russia in a letter, seen by Reuters on Friday. “SWIFT has confirmed that RSHB Capital S.A. would be eligible to apply for […] Read more
U.S. grains: Soy futures stumble as trade awaits harvest, crop data
U.S. corn harvesting starts early in some areas
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell on Thursday as grain traders waited for farmers to harvest their fields and the government to release updated crop estimates next week. Most-active soybean futures ended down 16-3/4 cents at $13.59-1/2 a bushel at the Chicago Board of Trade (all figures US$). CBOT wheat futures declined 9-1/4 […] Read more
A message from April Stewart, Country Guide's Associate Editor
