Monday, 27 February 2017

Black Sea agribusiness news in brief

Egypt purchased 360kmt of milling wheat from Ukraine and Russia with shipment scheduled for March and April at the average price of $208.65/mt C&F.

SovEcon cuts 16/17 Russian wheat exports forecast from 27.9mmt to 26.6mmt (USDA 28.5mmt) which is now just slightly above the previous season.

Russia’s Ministry of Agriculture reports the accumulated farmer’s supply of mineral fertilisers is up 9% on last year.

Russian PM Dmitry Medvedev has appointed Eugene Nepoklonov Deputy Minister of Agriculture; previously Nepoklonov was Deputy Head of Rosselkhoznadzor.

Concerns in Ukraine that snow, which protected winter wheat, could start to cause problems if it lasts much longer.

Ukraine’s Ministry of Agriculture preliminary report the 2017 total crop area is expected to reach 26.8 million hectares.

Favourable weather has encouraged Ukrainian farmers in the south of the country to start spring works with fertiliser applied to 600kha of wheat and 96kha of winter oilseed rape so far.

Black Sea Crop Tours is now open for membership priced at £350 for the full season’s reports, email for details.