Page 5 of articles about raw material

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).

Maize prices hit their lowest value since September 2020.

So far this year, soybean meal exports from Brazil have exceeded the volume shipped from Argentina.

Corn production is forecast up from 2022 and soybean production is forecast down from last year.

Total grain sown area, yield per unit area, and total grain output of summer grain in 2023.

Despite the expected drop in EU cereal area and reduced yield growth, EU cereal production is due to be higher this year.

Without Russia's participation, the Black Sea Initiative ceases to function as of July 18.

This corridor, which allows the export of cereals and fertilizers from Russia and the Ukraine, is of the utmost importance to maintain world food security.

In this new update, the projection for world soybean production was cut by more than 5 million tons compared to the June report, due to a lower planted area in the United States. Estimates for corn were slightly higher than in the previous report.

According to Eurostat data, fertilizer consumption in the EU fell by 2% in 2021.

International maize prices saw a fifth consecutive monthly decline.

Global agricultural and food production are projected to continue to increase over the next ten years, but at a slower pace of growth than the previous decade due to demographic trends, according to the OECD-FAO Agricultural Outlook 2023-2032.