GFM Network News

Russia, Ukraine may cut grain crop forecasts as temperatures rise

Moscow/Kiev | Reuters — Major Black Sea wheat exporters Russia and Ukraine may cut their official 2015 grain crop forecasts as recent hot weather has raised the risks to plants and rains elsewhere have delayed the harvest and dented quality, farmers and officials said. Russia and Ukraine’s agriculture ministries have said if hot weather persists […] Read more

Ukraine says no grain export curbs planned

Kiev | Reuters — Ukraine has no plans to restrict grain exports after Russia introduced curbs to stabilize surging prices, and will instead meet with traders to plan the year ahead in “normal operating mode,” Agriculture Minister Oleksiy Pavlenko said Saturday. Last month, Moscow announced it would introduce grain export duties of at least 35 […] Read more

Rain hits Ukrainian wheat quality

Kiev/Moscow | Reuters — Ukraine is set to produce more wheat for animal feed and less higher grade bread-making grain this year, as rain damage has shifted the global exporter’s quality balance, traders and analysts said. The altered backdrop is seen heaping further pressure on global prices, while also signalling tougher competition with other European […] Read more

Ukraine to consider lifting wheat export curbs next month

Ukraine will decide next month whether to lift restrictions on wheat exports that were imposed after a poor harvest last year, Agriculture Minister Mykola Prysyazhnyuk said on Wednesday. The ministry has capped exports at 6.3 million tonnes in the current season, which runs to June 2013. "We could discuss the issue around April 10," Prysyazhnyuk […] Read more

Ukraine traders expect wheat export curbs soon

Grain traders expect the Ukrainian government to introduce curbs on wheat exports early in December but fear that instead of an official ban it might opt for informal restrictions, the grain lobby said Friday. Agriculture Minister Mykola Prysyazhnyuk said last month the government would halt wheat exports from Nov. 15 due to a fall in […] Read more

Ukraine to ban wheat exports from Nov. 15, traders say

Traders said Friday that Ukraine’s agriculture ministry would ban exports of wheat from Nov. 15 after bad weather hit the harvest, pushing up global wheat futures prices even though traders had expected the move. The ministry, however, is sticking to its earlier formula of allowing traders to export up to a total of five million […] Read more