Grains

Grains and oilseeds: Russia to profit from illegal seizures

February 2, 2024 at 12:19 PM , Der AUDITOR
Play report as audio

BRUSSELS. Russia’s wheat industry is set to profit from illegal land seizures in Ukraine. Improved weather conditions have turned the table for corn. Sluggish demand in China has highly embarrassing consequences for US soybeans. Canada’s canola production may fall short of expectations.

Russia wheat to profit from seized land in Ukraine

Sluggish demand, a sharp upturn in shipments from Ukraine and the pressure to sell in the Black Sea Region are weighing on the wheat market. Russia’s exports dipped to 3.7 million mt in January as opposed to the 4.3 million mt exported in January 2023. At 21.8 million mt stocks range a bit lower here than last year’s 22.1 million mt. Seizures from occupied regions in Ukraine should drive up Russia’s area sown with grains by 300,000 ha and boost supplies. In 2023 the country’s grain production

View related articles

Go to the News Overview
Oilseeds
Jun 20, 2024
NEW DELHI/ISLAMABAD. Good crops in countries such as Pakistan are putting pressure on the Indian market. Thanks to successful tenders, South Korea is the most important buyer of sesame seeds from India.
Oilseeds
Jun 19, 2024
SOFIA/KYIV. Market players are focussing on the new crop. However, traders remains cautious in the hope of price reductions.
Oilseeds
Jun 19, 2024
ASTANA/MOSCOW. Experts are confident that the flaxseed crops in Kazakhstan and Russia will exceed last year's level. China is increasingly turning into Kazakhstan's most important trading partner.
Oilseeds
Jun 18, 2024
OTTAWA/KYIV. Experts are expecting a decline in acreage in Canada. However, favourable weather conditions have benefited yields so far, but there are also reports of damage caused by flea bugs.