Russia agrees to extend Black Sea grain deal, but only for 2 months
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.
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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.
The FAO Cereal Price Index was down fractionally from January and 1.4% above its level one year ago.
Once again, the production estimate for Argentina's crops was reduced as a result of the adverse weather conditions that have accompanied the development of the crops in this new season.
World prices of rice and maize rose, while those of barley and wheat fell in January.
Against a background of rising commodity prices, European pig farmers are reducing their production, which will lead to a decrease in supply on the hog market in 2023 and to prices remaining at high levels.
Here's how commodity production evolved in China in 2022.
Cereal prices were 18% higher on average in 2022, pushing the average annual FAO price index to a new record high.
A look back on the hottest topics of the year from Pig333.
EU agri-food exports and imports are both on the rise in September 2022.
This year Santa is going to bring something we didn't ask for...
Decreases are accentuated for corn production in Ukraine and the European Union; the latter would demand more imports of the grain to compensate for the drop in its domestic supply.
EU production of arable crops is expected to decrease slightly in the medium term while the production of pulses and soya beans are expected to increase significantly.
Belarus will allow, without preconditions, the transit of grain from Ukraine through its own territory.
MEPs reached a preliminary agreement with EU governments on a new deforestation-free law that will oblige companies to verify and issue a declaration.
This month’s downgrade mainly concerns maize and, albeit by a smaller amount, wheat production.