The French agricultural trading giant Louis Dreyfus will stop exporting Russian grain from July 1, the company said in a statement on Monday.
The negative impacts of Russia’s invasion of Ukraine, and the ensuing high input costs and food inflation, continue to weigh on agricultural markets and consumers’ purchasing decisions. In addition, large parts of the EU experienced winter droughts after the hot and dry summer of last year, further worsening water availability in regions with already record low water reservoirs. This might lead impacted farmers to substitute away from more water-intensive crop cultures. The current EU macroeconomic forecast is relatively more positive than in autumn 2022, despite uncertainties about energy supply for next winter and recent financial market tensions. High commodity prices last year helped countering high input costs and farm income increased on average, with significant sectorial and regional disparities.
Funds in the amount of $132 million available for programs, including access to finance for small farmers.
Nearly half of the honey imported into the European Union is suspected of being fake, according to an EU probe.
The research, spearheaded by the European Commission’s Anti-Fraud Office (OLAF) and the Joint Research Centre (JRC), revealed the massive fraud and that many may be buying counterfeit honey labelled as authentic.
In 2023, Ukrainian farmers plan to increase oil crop area and partially reduce grain and corn area.
Romania and Poland are in talks with the European Commission over export tracing mechanisms for Ukrainian grains to ensure local farmers are not hurt by a flood of cheap imports, the Polish and Romanian prime ministers said on Tuesday.
Ukraine, one of the world's largest grain exporters, has seen its Black Sea ports blocked since Russia invaded more than a year ago and has been forced to find alternative shipping routes through European Union states Poland and Romania.
The war started by Russia against Ukraine has left its mark on the country’s economy, particularly on agriculture. The disruption of supply chains and agricultural production has already caused significant damage to the people, the economy, and the environment of Ukraine. Despite these difficulties, the country faces the task of restoring the agriculture sector and making it sustainable.
The bulk carrier NEGMAR CICEK, the sixth vessel under the Grain From Ukraine programme, has left the port of Chornomorsk and joined the caravan of three other vessels.
Yemen is a country in Asia that is suffering from a food crisis. The country will receive 30,000 tonnes of humanitarian Ukrainian wheat thanks to donations from the governments of the United States, France, and Spain.
After a year of cooperation with the UN World Food Programme (UN WFP), Astarta has become one of its key food suppliers for humanitarian purposes in Ukraine.
The DENIZ M bulk carrier will deliver 30,000 tonnes of humanitarian wheat to Ethiopia. Under the auspices of the WFP, more than half a million tonnes of Ukrainian wheat have already been delivered to needy countries in Africa and Asia.