Cereal complex global scenario

Published 2023년 10월 7일

Tridge summary

The European Union is dealing with a dispute over the blocking of agricultural imports from Ukraine, resulting in a formal appeal to the WTO. However, a bilateral agreement has been reached between Poland and Ukraine to resume the transit of Ukrainian products through Poland. Outside the EU, there are concerns about global food security due to factors such as China's and Russia's dominance in wheat and corn stocks, Brazil's leading production of soybeans and corn, and India's impact on rice prices. Confagricoltura suggests the EU should engage in a dialogue with BRICS countries to ensure global food security and protect its own agricultural production.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

At European level, attention continues to be paid to the dispute that arose over the blocking of imports of some agricultural products from Ukraine which the Commission removed as of 15 September and which some Member States have, instead, confirmed with measures taken at a national level. Decisions to which the Kiev government responded by submitting a formal appeal to the WTO against Poland, Slovakia and Hungary. The latest news is represented by the announcement of a bilateral agreement reached between Poland and Ukraine for the resumption of transit of Ukrainian products on Polish territory, to be destined for other member states or outside the EU. The situation - underlines Confagricoltura - has certainly been affected by political events and internal electoral events. However, it should be highlighted that the flows of agricultural products arriving from Ukraine have recorded a sharp increase. According to data from the European Commission, in the first half of this year ...

Source: Agricolae