Reading Time: < 1 minute Istanbul | Reuters — Turkish Foreign Minister Mevlut Cavusoglu said Wednesday he thought the Ukraine Black Sea grain deal could be extended for at least two more months, as officials from the parties involved held the first day of talks on an extension in Istanbul. Russia has said it would not extend the pact beyond […] Read more
Black Sea grain deal could be extended two months, Turkish minister says
Inspections of outbound vessels have resumed
Russia to keep talking with UN before Black Sea deal deadline
Deal on table for talks Friday in Istanbul
Reading Time: 2 minutes Moscow | Reuters — Russia said on Wednesday that it will keep talking to the United Nations about the future of a deal that allows the safe Black Sea export of Ukraine grain, but would not do anything to harm its own interests. Top UN trade official Rebeca Grynspan is due to travel to Moscow […] Read more
EU sets Ukraine grain import restrictions in five countries until June 5
Supports pledged for farmers in those countries
Reading Time: < 1 minute Brussels | Reuters — The European Commission said on Tuesday it set restrictions until June 5 on imports of Ukrainian wheat, maize, rapeseed and sunflower seed to ease the excess supply of these grains in Bulgaria, Hungary, Poland, Romania and Slovakia. The EU executive arm said that during that period, Ukrainian wheat, maize, rapeseed and […] Read more
U.S. grains: Chicago wheat hits 25-month session low on good crop conditions
Market eyes talks on Black Sea grain corridor
Reading Time: 2 minutes Mexico City | Reuters — Chicago wheat hit a 25-month low in the session to close lower on Tuesday, on weather that looked good for U.S. crop development and improving crop conditions. Wheat has been pressured down in recent days after the winter wheat crop rating as of Sunday was up two points from the […] Read more
European Commission to ban Ukrainian grain exports to Romania
Talks ongoing with Ukraine's other neighbours
Reading Time: < 1 minute Bucharest | Reuters — The European Commission will ban Ukrainian grain and oilseeds exports to Romania until June 5, Romanian Agriculture Minister Petre Daea said on Wednesday. Romania has stopped short of enforcing a ban, whereas Poland, Hungary, Bulgaria and Slovakia took unilateral steps to protect local markets from a flow of Ukrainian farm products. […] Read more
Russian envoy says no breakthrough on grain deal
Ukraine says Moscow blocking ships
Reading Time: 2 minutes Geneva | Reuters — Russia’s envoy to the United Nations in Geneva on Wednesday said “no real progress” had been achieved in resolving issues raised by Moscow over the Black Sea grain deal, which is set to expire next month. Separately, Ukraine accused Russia of blocking the passage of four grain ships from its Black […] Read more
CBOT weekly outlook: U.S. rain, StatCan report biggest influences
Russia's sabre-rattling not yet swaying markets
Reading Time: 2 minutes MarketsFarm — The three to five inches of rain received Wednesday in Kansas and Oklahoma have put pressure on Kansas City and Chicago wheat prices on the Chicago Board of Trade (CBOT), according to broker Ryan Ettner of Allendale Inc. Added to that, Statistics Canada’s (StatCan) report on prospective plantings, also received Wednesday, has weighed […] Read more
Moscow would scrap grain deal if G7 bans exports, Medvedev warns
G7 said to be considering blanket ban on exports to Russia
Reading Time: 2 minutes Reuters — Former Russian president Dmitry Medvedev said on Sunday that if the G7 moved to ban exports to Russia, Moscow would respond by terminating the Black Sea Grain deal that enables vital exports of grain from Ukraine. The Group of Seven (G7) countries are considering a near-total ban on exports to Russia, Japan’s Kyodo […] Read more
Poland pledges aid for farmers as PM slams EU response
PM says EU offer a 'drop in the ocean'
Reading Time: < 1 minute 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, after the government approved 10 billion zlotys (C$3.23 billion) in aid for Polish agriculture. Central European countries are trying to thrash out a deal with […] Read more
CNH sheds Russian business
New Holland, Case IH maker had suspended shipments last year
Reading Time: 2 minutes The maker of Case IH and New Holland tractors and combines is selling its business activities in Russia for about US$60 million. CNH Industrial, which employs about 200 people in Russia, announced the divestment in a release Wednesday without naming the buyer. CNH in March last year suspended all shipments and supplies to Russia and […] Read more
A message from April Stewart, Country Guide's Associate Editor
