Argentina: Record soybean imports
Due to the decrease in soybean production, Argentina's raw material import needs are increasing in order to keep mills running.
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Due to the decrease in soybean production, Argentina's raw material import needs are increasing in order to keep mills running.
Increased crop production in the United States and Brazil, recovery of harvest levels in Argentina and the European Union.
This new extension will allow Ukrainian grain exports to continue.
Wheat, maize, rapeseed, and sunflower seeds originating in Ukraine may only be transported through Bulgaria, Hungary, Poland, Romania, or Slovakia and shall not be stored in these territories and shall not be purchased for domestic consumption.
The strongest drop in production occurred in the pig sector.
Following temporary bans by several member states on the import of some Ukrainian agricultural products, the European Commission is calling for a common solution.
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The visit of the Vice Administrator, Mr. Jia Qian, and his delegation was an opportunity to exchange information on grain production and distribution in the countries of the region.
The strong performance is explained not only by an increase in the area planted but also by improved yields. However, the final result still depends on the weather, a determining factor for the development of second and third-harvest crops.
Poland, Hungary, and Slovakia have temporarily banned imports of grain and other agricultural products from Ukraine.
The yield and quality of the 2022/23 crop are excellent in most parts of the country.
Manufacturers saw an overall decrease in the production of compound feed in 2022.
The Black Sea Grain Initiative has been extended but the UN did not specify the length of the renewal.
In Argentina, on the other hand, new downward adjustments in estimates led to a reduction in world production.
The Commission committed to launch in 2023 an EU Fertilisers Market Observatory. The Commission published the call for applications with a view to formally launch the group of experts before summer 2023. The call is open until 4 April.
Russia announced earlier that it would agree to a 60-day extension, which is half the number of days agreed when it first expired in November.
Soybean harvest this season is forecast to be 20.6% higher than in the previous season, which indicates a recovery in the productivity of the crops that were affected by adverse weather conditions in 2021/22.
The current "Black Sea Grain Initiative" agreement, which has allowed grain exports to date, expires on March 17.
Brazil has harvested only 23% of the 152.88 million tons forecast for the 2022/23 season.
The Commission and EU countries should support the transition to organic fertilisers and become less dependent on Russian fertilisers, say MEPs on the Agriculture Committee.
Corn production is again forecast lower due to further declines in the U.S., Argentine, and Brazilian crops. For soybeans, a 4 million ton reduction in the Argentine crop is expected due to drought conditions affecting crop yields.
Season forecasts depend on the sustainability of the cereal corridor in the Black Sea.
With the total planted area in the country estimated at 77 million hectares, Brazilian agriculture maintains trending growth.