The UN and Turkey-sponsored deal aimed at easing global food shortages by facilitating Ukraine’s agricultural exports from its southern Black Sea ports was extended for 120 days last Friday, though Moscow complained that its own demands had not been fully addressed.
Brazil’s soybean exports are expected to reach 78 million tons this year, 9.3% down from 86.3 million tons in 2021, according to the grain exporters’ association Anec. But the figure is 2.5 million tons higher than the previous 75.5 million tons estimate for full-year soybean shipments.
UK Foreign Secretary, High Representative of the European Union, and US Secretary of State gave a statement on global food security and Russia sanctions. The statement follows on Russia's complaints that it saw no progress on easing its exports of fertilizers and grain – parts of the Black Sea grain deal that Moscow views as fundamental to extending the initiative beyond next week.
Brazil’s JBS SA, the world’s largest meat producer reported last Friday that quarterly profit plunged 47.1%, with results still beating analysts’ estimates as higher revenues helped offset shrinking margins in its U.S. beef division.
The 2022/23 wheat harvest forecast in Argentina has been cut to 11.8 million tons, down from 13.7 million tons previously, the Rosario grains exchange said in its latest report, warning it could fall further amid a protracted drought that is causing great losses for farmers and foreign currency short Argentina.
Chile's Federation of Fruit Producers of Chile (Fedefruta) has reported exports this season could be very good for everyone, thanks to favorable weather, it was reported Wednesday.
Argentine opposition Congressman Luis Mario Pastori of the Radical Civic Union (UCR), a party forming the Together for Change (Juntos por el Cambio - JxC) coalition, Tuesday noted on social media that the Argentine national football team taking part in the upcoming World Cup finals in Qatar had not prioritized home-made products.
The Chinese economy is slowing down, the Yuan is weaker against the US dollar and Beijing is insisting with complete lockdowns in many cities because of Covid 19 or respiratory diseases, reducing considerably activity and consumption.
Ukraine has exported 14.3 million tons of grain so far in the 2022/23 season, down 30.7% from the 20.6 million tons shipped overseas at the same stage of the previous season, agriculture ministry data showed on Monday.
Brazil maize exports reached almost 32 million tons in the first ten months of the year, which is more than double the volume shipped in the same period in 202, (14,5 million tons), according to the country's National Association of Cereal Exporters, ANEC.