The non-renewal of agreement for the export of Ukrainian wheat to the Black Sea while the price of durum wheat predicts to 20 euro/ql

Published 2023년 5월 6일

Tridge summary

The article discusses the potential impact of the expiration of the Black Sea grain deal, which has extended a ceasefire for the transit of Ukrainian agricultural products, on the global wheat market. There are concerns that the deal may not be renewed due to unmet Russian demands, leading to a significant increase in wheat prices. The article also criticizes the United Nations for allegedly prioritizing Western interests over humanitarian needs and allowing speculation on Ukrainian wheat. Additionally, a decrease in milling by-products indicates increased milling activity, potentially signaling higher prices for durum wheat in Italy, although the specific article does not provide an in-depth analysis of this point. The situation is further complicated by the geopolitical tensions between Russia and the West, with Russia facing penalties that affect its product exports.

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

Original content

Impossible, in this historical moment, to make forecasts on the trend of agricultural markets. Today we comment on two news items. We read the first in the report by Sandro Puglisi, analyst of international markets. We can read the second one on the DURODISICILIA blog. theme: the price of wheat. Let's start with Puglisi's report, which tells us that yesterday, Friday May 5, “US agricultural markets rose sharply on growing concerns that Russia may not renew the Black Sea grain deal, which expires on May 18 , after a fist fight broke out during the last negotiations”. The analyst of the international markets refers to the agreement strongly desired by the United Nations Organization (UN) which gave life, starting from August last year, to a ceasefire in the Black Sea, to allow the transit of Ukrainian ships loaded with grain, corn, sunflower seeds and other agricultural products. In fact, the ceasefire between Russians and Westerners engaged in the war in Ukraine casts a sinister ...

Source: Inuovivespri