 |
Russia Wheat-Export Surge Fails to Curb Rally
12.09.2011 09:03 "Agro Perspectiva" (Kyiv) —
This year’s surge in Russian wheat exports, big enough to feed Japan for more than two years, may fail to stop a rally as supply is curbed by droughts from the U.S. to Australia.
Russian sales will gain more than fourfold to 17.9 million metric tons this year, second only to the U.S., the median of 16 analysts’ forecasts compiled by Bloomberg showed. A fourth straight year of record consumption means global stockpiles will shrink to 28.7 percent of demand, the smallest ratio since 2009, U. S. Department of Agriculture data show. Prices will rise 16 percent to $8.50 a bushel by the end of December, according to 20 analysts surveyed by Bloomberg.
Russia resumed exports in July after an almost yearlong ban prompted by its worst drought in a half century. Dry conditions are hurting crops from Texas to Iowa, just as near-record corn prices spur livestock farmers to use the most wheat for feed in two decades. Grupo Bimbo SAB, the world’s largest bread maker, and CSM NV, the biggest manufacturer of bakery ingredients, increased prices as grain costs rose.
«Wheat is definitely a bullish market,» Romain Lathiere, a fund manager at Diapason Commodities Management in Lausanne, Switzerland, which has about $9 billion invested in raw materials, said by telephone on Sept. 5. «We don’t have good news concerning the crop, and there is no solution that will last until farmers seed the next crop during this winter. And demand, particularly for feed, is increasing.»
Wheat rose 18 percent on the Chicago Board of Trade since Russia resumed exports July 1, as drought spread across the Great Plains in the U.S. and Europe began harvesting crops after the driest spring in three decades. The Standard & Poor’s GSCI Agriculture index of eight commodities rose 11 percent while the MSCI All-Country World Index of equities slumped 17 percent. Treasuries returned 6.3 percent, a Bank of America Corp. index shows.
Global wheat demand will advance 3.4 percent to 676.9 million tons in the 2011–2012 season, according to the USDA, which uses a combination of local marketing years for its estimates. The department increased its forecast in a report today. Stockpiles will total 194.6 million tons, up 0.7 percent from a year earlier after plunging 3.3 percent a year earlier, the department said.
24.01.2025 |
|
 |
|
|
 |
16:38 |
Ukraine’s agricultural sector earned $24.5 bln in 2024, setting second historical record |
23.01.2025 |
|
|
|
|
|
15:46 |
Eurobarometer survey shows strong support for the Common Agricultural Policy (CAP) |
22.01.2025 |
|
|
|
|
|
20:54 |
Since the beginning of 2025, 117 agricultural enterprises have received UAH 318.7 million under the Affordable Loans at 5-7-9 programme |
|
20:43 |
Ukrainian agricultural land needs to be cleared and returned to circulation as soon as possible |
21.01.2025 |
|
|
|
|
|
21:45 |
A groundbreaking new study, “Governance and resilience as entry points for transforming food systems in the countdown to 2030”. Key Findings |
|
21:37 |
Nitrogen use efficiency must be improved to reduce harm to human and environmental health |
11.01.2025 |
|
|
|
|
|
11:16 |
Russia Grain Export Quota to Curb Wheat Exports in 2025 |
|
09:12 |
Iraq Emerges as a Soybean Importer |
08.01.2025 |
|
|
|
|
|
22:13 |
FAO Food Price Index dips during the month of December |
|
18:49 |
FAO calls for urgent action to address widening famine in Sudan |
22.12.2024 |
|
|
|
|
|
05:26 |
FAO transfers 185 generators, 6,474 grain hoses to Ukrainian farmers in 2024 |
|
03:53 |
The EU agri-food trade surplus increased by 15% in September 2024, reaching EUR 6 billion |
19.12.2024 |
|
|
|
|
|
09:05 |
World coffee production for 2024/25 is forecast 6.9 million bags higher |
18.12.2024 |
|
|
|
|
|
23:11 |
China’s Expanding Coffee Consumption |
17.12.2024 |
|
|
|
|
|
22:37 |
Bangladesh Soybean Import Recovery Expected to Continue |
14.12.2024 |
|
|
|
|
|
21:03 |
World apple production for 2024/25 is forecast to fall nearly 350,000 tons to 84.0 million |
13.12.2024 |
|
|
|
|
|
09:11 |
U.S. Fresh Pear Exports Fall on Historically Low Harvest |
10.12.2024 |
|
|
|
|
|
21:03 |
Indonesia Grain Imports to Subside after 2023/24 Record |
|
08:14 |
Higher vegetable oil quotations drive up FAO Food Price Index, but lower cereal and sugar prices temper the rise |
|
07:45 |
Cereal trade revised downwards amid weaker demand |
02.12.2024 |
|
|
|
|
|
23:17 |
Prime Minister: Some 50 partner countries have joined the humanitarian demining coalition |
|
22:56 |
Norway pledges additional $4.5 mln to Ukraine's Grain from Ukraine initiative |
01.12.2024 |
|
|
|
|
|
03:30 |
EU agri-food trade slowed down in August 2024 |
26.11.2024 |
|
|
|
|
|
00:06 |
Global sugar production, compared to last year, is estimated up 2.8 million tons to 186.6 million |
24.11.2024 |
|
|
|
|
|
04:43 |
During the Operation of Our Grain From Ukraine Program, We Have Managed to Save 20 Million People from Hunger – Zelenskyy |
|
04:15 |
Ukraine Is Ready to Share Technologies, Military Experiences and Processing Methods with African Countries – the President |
22.11.2024 |
|
|
|
|
|
10:15 |
South Africa Sugar Production and Exports Estimated Down |
19.11.2024 |
|
|
|
|
|
23:04 |
Global Olive Oil Production Forecast to Rebound in 2024/25 |
|
22:47 |
Vitalii Koval discusses Ukraine's European integration with European colleagues |
|
16:06 |
EBRD, European Union and United States help Kyiv prepare for winter |
18.11.2024 |
|
|
|
|
|
09:21 |
Agriculture Development Strategy 2030 – a roadmap to the EU |
|
09:19 |
Ukrainian farmers have sown 96% of projected winter crop area |
01.11.2024 |
|
|
|
|
|
20:31 |
Ukraine has officially joined the International Fund for Agricultural Development |
|
20:29 |
Ukrainian farmers harvested 63.7 million tonnes of grains and oilseeds |
25.10.2024 |
|
|
|
|
|
22:50 |
Agriculture hit hard: October port strikes rack up 30-40 million dollars in losses |
|
21:04 |
Ministry of Agrarian Policy expects exports to rise in dollar terms |
|
10:57 |
Ukrainian corn seed flows to Europe in further farm trade shift |
24.10.2024 |
|
|
|
|
|
23:02 |
Tree Nut Import Markets Highly Concentrated |
23.10.2024 |
|
|
|
|
|
11:18 |
Prime Minister UK warns Russian threat to global stability is accelerating as Putin ramps up attacks on Black Sea |
15.10.2024 |
|
|
|
|
|
09:35 |
Brazil Continues to Dominate Growth in Global Chicken Meat Exports in 2025 |
11.10.2024 |
|
|
|
|
|
23:33 |
China Cottonseed Imports Show Strong Demand in Recent Years |
|
20:30 |
India Removes Rice Export Ban, Spurring Additional Trade |
30.09.2024 |
|
|
|
|
|
17:27 |
List of agricultural machinery with cost compensation expanded to 11,300 items |
29.09.2024 |
|
|
|
|
|
20:21 |
1 in 11 people worldwide faced hunger in 2023, 1 in 5 in Africa If current trends continue, about 582 million people will be chronically undernourished in 2030, half of them in Africa |
|
17:13 |
EU agri-food surplus increased in the first half of 2024 |
27.09.2024 |
|
|
|
|
|
09:02 |
BASF presents new corporate strategy: BASF is setting a new direction for portfolio steering, capital allocation and performance culture |
26.09.2024 |
|
|
|
|
|
10:25 |
BASF sets new direction with corporate strategy and maintains high level of shareholder distributions |
21.09.2024 |
|
|
|
|
|
18:30 |
Three new sites recognized as Globally Important Agricultural Heritage Systems (GIAHS) |
17.09.2024 |
|
|
|
|
|
09:52 |
Cargill and Ducks Unlimited Working Together to Restore Watersheds Across North America |
|
08:44 |
FAO calls for G20 cooperation as hunger targets continue to elude |
Also available: 
|
| |
|
|
