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World: Imports from Ukraine are huge and the international grain market is depressed

Russia
Romania
Published Feb 9, 2024

Tridge summary

Global grain markets are experiencing fluctuations due to various factors such as logistical issues, currency changes, and protests. Europe's low domestic consumption and high imports from Ukraine are depressing the international market, while Russia is set to increase its wheat export duty from 2024. The US is seeing a trade decline due to a strong dollar and weak Chinese demand, leading to a focus on agricultural market diversification. The USDA has announced $1.2 billion in new funding for regional agricultural promotion, targeting growth opportunities in Africa, Latin America, the Middle East, South and Southeast Asia.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Grain exchanges and markets continued to fluctuate during the period due to severe logistical challenges, the fixing of the euro and the dollar, and mass protests. Global analysis says that European domestic consumption is at low levels, imports from Ukraine are huge, and the international market is depressed due to both the lack of new demand and the strong pressure of Black Sea origin. More on the subject: Grain logistics is becoming more expensive At the local level, the meetings between representatives of the sector and the government did not lead to anything constructive. At the moment there is a lack of concreteness, and the proposals of the MC continue to strengthen the division between grain producers and the other subsectors. Prime Minister Denkov announced the proposal of the Council of Ministers and explained that the support will be divided between two sub-sectors - one related to grain production, and the other with milk, meat, fruits, vegetables, honey, rose oil, ...
Source: Agri
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