- Feb 22, 2017
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First...
“Ukraine said it had dispatched its biggest convoy of grain vessels under a U.N.-brokered deal so far after 13 ships set sail from its ports on Sunday carrying 282,500 tonnes of agricultural products to foreign markets.”
...
Eighty-six ships have since set sail from Ukrainian ports under the deal, carrying 2 million tonnes of agricultural products to 19 countries, the Ukrainian Infrastructure Ministry said in a statement on Facebook.
and also...
“Australia, one of the world’s largest wheat exporters, will produce another huge crop this season, which is set to boost agricultural export earnings by almost 50% from a decade ago.
“Growers are on track to harvest 32.2 million tons of wheat in 2022-23, just shy of last year’s all-time high of 36.3 million tons, according to government forecaster Abares. That’s up 6.3% from its previous outlook as favorable weather conditions during winter buoyed yield potential across most crops.”
Wall Street Journal writer Stuart Condie reported today that, “Australia forecast another bumper wheat crop following above-average rainfall on its east coast, but supply chain bottlenecks could limit its ability to export more and ease concerns about global food security.”
and Finally....
“Global food prices fell for a fifth month after demand for some products weakened and there was a seasonal uptick in supplies.
Wheat harvests in the northern hemisphere are helping ease supply constraints, while more grain trickles out of ports in Ukraine. A United Nations index of world food costs dropped 1.9% in August from the previous month, data showed Friday. The index remained at the lowest level since January.
“Falling prices may offer some relief to consumers as they grapple with a deepening cost-of-living crisis. Still, the declines are not as sharp as in July when food prices plunged the most since 2008, and remain higher than a year ago. Food inflation shows no signs of easing in many nations, with higher energy prices likely to boost processing costs
Thirteen Ships Sail From Ukraine, Biggest Grain Convoy Yet, While Australia Wheat Production Climbs - Farm Policy News
Reuters writer Aleksandar Vasovic reported earlier this week that, "Ukraine said it had dispatched its biggest convoy of grain vessels under a U.N.-brokered deal so far after 13 ships set sail from its ports on Sunday carrying 282,500 tonnes of agricultural products to foreign markets."
farmpolicynews.illinois.edu
“Ukraine said it had dispatched its biggest convoy of grain vessels under a U.N.-brokered deal so far after 13 ships set sail from its ports on Sunday carrying 282,500 tonnes of agricultural products to foreign markets.”
...
Eighty-six ships have since set sail from Ukrainian ports under the deal, carrying 2 million tonnes of agricultural products to 19 countries, the Ukrainian Infrastructure Ministry said in a statement on Facebook.
and also...
“Australia, one of the world’s largest wheat exporters, will produce another huge crop this season, which is set to boost agricultural export earnings by almost 50% from a decade ago.
“Growers are on track to harvest 32.2 million tons of wheat in 2022-23, just shy of last year’s all-time high of 36.3 million tons, according to government forecaster Abares. That’s up 6.3% from its previous outlook as favorable weather conditions during winter buoyed yield potential across most crops.”
Wall Street Journal writer Stuart Condie reported today that, “Australia forecast another bumper wheat crop following above-average rainfall on its east coast, but supply chain bottlenecks could limit its ability to export more and ease concerns about global food security.”
and Finally....
World Food Prices Drop For Fifth Month in a Row in August - Farm Policy News
Bloomberg writer Agnieszka de Sousa reported today that, "Global food prices fell for a fifth month after demand for some products weakened and there was a seasonal uptick in supplies."
farmpolicynews.illinois.edu
“Global food prices fell for a fifth month after demand for some products weakened and there was a seasonal uptick in supplies.
Wheat harvests in the northern hemisphere are helping ease supply constraints, while more grain trickles out of ports in Ukraine. A United Nations index of world food costs dropped 1.9% in August from the previous month, data showed Friday. The index remained at the lowest level since January.
“Falling prices may offer some relief to consumers as they grapple with a deepening cost-of-living crisis. Still, the declines are not as sharp as in July when food prices plunged the most since 2008, and remain higher than a year ago. Food inflation shows no signs of easing in many nations, with higher energy prices likely to boost processing costs
