Page 4 of articles about raw-material

The Commission has proposed to renew the suspension of import duties and quotas on Ukrainian exports to the EU for another year, while reinforcing protection for sensitive EU agricultural products.

If projections are realized, the volume would decrease by 13.5 million tons compared to 2022/23.

While for the year as a whole, the FAO Cereal Price Index was down 15% from the 2022 record annual average, international rice prices were up 21% annually.

Compared to the November report, estimates for world corn production and trade improved slightly, and Brazilian soybean projections were cut.

The pig feed sector was most severely affected in 2023, experiencing a further decline of almost 2.5 million tons.

FAO's annual data compilation offers insights into the current global trends in primary crops.

Compared to the October report, estimates for global corn production and exports were upgraded, with a larger U.S. crop expected. As for soybeans, a slight increase was projected for global production and a decrease in ending stocks.

International wheat prices fell while coarse grain prices firmed marginally.

Ministers are holding a series of meetings in parliamentary committees to present the priorities of the Spanish Presidency of the Council.

EU cereal production in 2023/24 is expected to be below the 5-year average, while oilseed production is doing well.

These are the conditions of global wheat, maize, rice, and soybean crops according to AIMS.

This report estimates how production and the availability of products for export could be affected by a changing climate.

This month’s increase was led by a 5.3% increase in international coarse grain prices.

Following the expiration of restrictive measures on Ukrainian exports to the EU of cereals and other food products, Ukraine agrees to introduce measures to prevent a new spike in imports to the EU.

Contrary to the expected cut in the world corn crop, given the adverse effects of the El Niño phenomenon in the United States, the estimate was slightly higher compared to the August report. As for soybeans, the total projection was again reduced due to the lower production expected in the United States.

If the drought continues in the coming months, the impact – including shipment delays and rising costs – would be felt most acutely by agricultural exports transiting from the US (grains and oilseeds).