Market News on Grains

Grains

Sep 30, 2022

Grains: Russia at loggerheads with facts

FRANKFURT. While the United Nations has called the grain corridor, which permits Black Sea shipments from Ukraine to take place, a success, wheat and corn traders are far from convinced that the deal will be extended beyond 20 November.

Grain Products

Sep 21, 2022

Bulgur: export quota suspended

GAZIANTEP. Exporters have successfully campaigned for the suspension of the export quota for bulgur in Turkey. They are also quite satisfied with the export performance in August.

Grains

Sep 21, 2022

Buckwheat: lower yields due to heat

BEIJING. The buckwheat harvest is underway and it is becoming clear that the extreme drought has also left its mark here. Prices have nevertheless dropped slightly.

Grains

Sep 20, 2022

Millet: prices might decline further

BEIJING. Despite the arrival of the new crop, demand for millet in the Chinese market remains moderate due to Covid restrictions. Meanwhile, exports to Germany are at a similar level to last year.

Grains

Sep 9, 2022

Corn: EU supplies under threat

PARIS. EU corn imports have recently surged showing that the US Department of Agriculture’s forecast that the EU will step up imports to 19 million mt may very well ring true. Russia’s sharp criticism of the implementation of the grain export deal with Ukraine may, however, cut off the bloc from urgently needed supplies.

Grains

Aug 31, 2022

Millet: new crop from China

BEIJING. New millet from Inner Mongolia should be available on the market from the beginning of September. Meanwhile, the price trend in recent weeks has been downward.

Grains

Aug 30, 2022

Buckwheat: new crop is delayed

BEIJING. The late sowing in parts of China means that the new crop will not be available on the market until mid-September in some cases.

Grain Products

Aug 24, 2022

Bulgur: exporters call for restrictions to be lifted

GAZIANTEP. At a meeting of sector leaders, exporters pleaded for restrictions and the export quota for bulgur to be lifted. The deputy trade minister is not averse to this.

Grains

Aug 3, 2022

Millet: subdued demand weighs on market

BEIJING. High temperatures are slowing trading activities in China and have damaged the millet crop. Refiners would like to see more orders coming in.

Grains

Aug 3, 2022

Buckwheat: ideal conditions

BEIJING. Rain has created ideal conditions for the new buckwheat crop in China. Demand is, however, leaving much to be desired.

Grain Products

Jul 20, 2022

Bulgur: no exports without imports

GAZIANTEP. A new import regulation is to ensure that food safety is guaranteed in Turkey. Global problems such as the Ukraine war, climate change and pandemics are to be counteracted in this way.

Grains

Jun 29, 2022

Millet: sowing in Ukraine shrunk by more than 35%

BEIJING/KYIV. In China, demand in the millet market is low. Missing supplies from Russia and Ukraine were partly covered by the USA. The acreage in Ukraine has shrunk by more than 35%.

Grains

Jun 29, 2022

Buckwheat: acreage in Ukraine declines by 10%

BEIJING/KYIV. In Ukraine, buckwheat sowing declined by 10% year-on-year. Meanwhile, prices in the Chinese market are increasing due to lower availability.

Grain Products

Jun 8, 2022

Bulgur: Turkey keen to gain market shares

GAZIANTEP. As Turkey is the leading producer for bulgur and demand has risen steadily in recent years, the prospects for the export market are excellent. With the world desperately looking for ways for wheat to be shipped from Ukraine to prevent a hunger crisis in poorer countries and India imposing an export ban for wheat bulgur has certainly gained additional attention.

Grains

Jun 2, 2022

Buckwheat: sowing continues

BEIJING/KYIV. Buckwheat is the noted exception in Ukraine at present since this is one of the few commodities for which a rise on sowing has been witnessed. The market, however, hardly dares to speculate on production. China has stepped up imports, which has impacted prices.

Grains

Jun 2, 2022

Millet: 47% slump in sowing in Ukraine

BEIJING/KYIV. Although sowing is underway in Urkaine, acreage will range much lower for millet. Sowing has also declined in China. Suppliers will, nevertheless, do their best to sell their stocks.

More News

May 18, 2022

Wheat: exports to hit unlikely record

FRANKFURT/WASHINGTON DC. While Ukraine won the Eurovision song contest on Saturday, the G7 leaders see little cause to celebrate as they warn that Russia is deliberately giving rise to a global food and energy crisis that may cause 50 million people to be confronted with hunger. They also condemn India’s sudden export ban for wheat. Yet, the 2022/2023 projections for wheat in the United States Department of Agriculture’s (USDA) recently issued World Agricultural Supply and Demand Estimates (WASDE) are rather on the optimistic side of things.

Grains

May 11, 2022

Quinoa: Peru's crop to be 15-20% lower

LIMA/SUCRE. The quinoa market is facing the same problems as all other agricultural products; higher production costs are causing declining cultivation figures in South America. There are, however, not always alternatives for growers.

Grains

May 2, 2022

Grain: Ukraine accuses Russia of large-scale theft

KYIV. Taras Vysotskiy, Ukraine’s Deputy Minister of Agriculture, accused invading Russian forces of stealing grain in areas they have occupied on 30 April. Vysotskiy stated on Ukrainian TV that “there are confirmed facts that several hundred thousand tons of grain in total were taken out of the Zaporizhzhya, Kherson, Donetsk, and Luhansk regions.” Farmers are set to defy the Russian invaders.

Grains

Apr 28, 2022

Buckwheat: massive increase in Russian shipments to the EU

BEIJING/MOSCOW. Last year, Russia exported almost 170% more buckwheat to EU countries than in the previous year. In contrast, shipments from China, whose market is currently facing various difficulties, declined significantly.

Grains

Apr 27, 2022

Millet: slump in shipments to EU

BEIJING/BRUSSELS. High prices are still subduing trading activities in China. Shipments to the EU declined sharply in 2021. The EU largely depends on imports from Ukraine.

Grains

Mar 30, 2022

Buckwheat: "insufficient“ export demand

BEIJING. The Chinese buckwheat market lacks demand and traders fear that imported goods will put pressure on the domestic market. Germany, meanwhile, has reduced its buckwheat imports compared to last year.

Grains

Mar 30, 2022

Millet: lack of demand puts pressure on prices

BEIJING. Low buying interest and declining freight costs are causing export prices for Chinese millet to drop significantly. Meanwhile, Germany's imports have fallen by 18% since the beginning of the season.

Grains

Mar 1, 2022

Buckwheat: Germany increases imports by almost 25%

BEIJING. In the Chinese buckwheat market, the development of demand is of great importance, especially in the domestic market. Meanwhile, the latest import data to Germany show that imports increased by almost a quarter last year.

Grains

Mar 1, 2022

Millet: significant decline in production in Ukraine

KYIV/BEIJING. Even though the decline in production in Ukraine is not quite as drastic as initially expected, production is still more than 20% lower. Trade in China is currently rather sluggish.

Grains

Jan 18, 2022

Millet: Germany increases imports from China and Ukraine

BEIJING/KIEV. Ukraine has been able to multiply its millet exports in recent years, but a significant drop in production is likely to affect this season's export volume. Meanwhile, there is a lack of demand in the Chinese market.

Grains

Jan 18, 2022

Buckwheat: supplies are tight

BEIJING/MOSCOW. Stocks are low in China, yet buckwheat prices have been adjusted again ahead of the New Year. Meanwhile, Germany's imports are down 13% this season.

Grains

Dec 15, 2021

Millet: Ukraine must cut back on exports

KIEV. After Ukraine was able to continuously increase its millet exports in the past years, they will be significantly lower again in the 2021/22 season. The reason for this is the smaller production volume.

Grains

Dec 6, 2021

Millet: weak demand causes prices to fall

BEIJING. In China, demand for millet is currently so low that many processors have temporarily stopped producing. This is also causing prices to decline.

Grains

Dec 2, 2021

Buckwheat: Chinese prices come under pressure

BEIJING. With the arrival of the Eastern European crops on the market, Chinese market players expect increased price pressure. Prices have already fallen slightly compared to last week.

Grains

Nov 23, 2021

Buckwheat: Russia's production reaches 1 million mt

BEIJING/MOSCOW. Russia, Ukraine and Kazakhstan were able to increase their buckwheat production this year. Germany's imports, however, declined noticeably in the first month of this season. In China, prices remained stable.

Grains

Nov 22, 2021

Millet: Ukrainian crop exceeds USDA estimates

BEIJING/KIEV. According to the latest data from the US Department of Agriculture, global millet production has been lower than expected. In China, market players have been able to agree on a price level.

Grains

Nov 4, 2021

Buckwheat: Russia and Ukraine expect larger crops

BEIJING/MOSCOW. According to official estimates, Russia and Ukraine can both expect an increase in production. Ukrainian farmers are even said to have achieved the best crop in recent years. In China, meanwhile, buckwheat prices continue to rise.

Grains

Oct 19, 2021

Millet: USDA corrects global crop forecast

BEIJING/KIEV. The US Department of Agriculture has reduced its estimate for global millet production in the 2021/2022 season by 4%. China's crop is now available in the market and in Ukraine the harvest process is almost complete.

Grains

Oct 19, 2021

Buckwheat: farmers are reluctant to sell

BEIJING/KIEV. Framers in Ukraine have nearly completed harvesting with average yields ranging at 1.31 mt/ha. Prices are firm in China as some farmers are reluctant to sell. Germany has stepped up buying in Ukraine and China.

Organic Commodities

Oct 7, 2021

Organic chia seeds: weather adversities cause prices to rise sharply

ASUNCION/KAMPALA. Frost and drought have severely affected South America's chia crops this year. A massive price increase was the result, accompanied by higher procurement costs in the international market due to logistical hurdles and restrictions.

Grains

Sep 23, 2021

Buckwheat: drought causes prices to rise

BEIJING/KIEV. The buckwheat harvest continues to progress. In China, drought and good demand are driving up prices. Meanwhile, Germany has increased its imports by 50% year-on-year.

Grains

Sep 8, 2021

Millet: harvesting underway in Ukraine and Belarus

BEIJING/KIEV. Recently issued USDA estimates state that global millet production will range at 31.11 million mt this year. This is roughly on par with last year. While production in India is set to rise by more than 2% to 12.80 million mt, production in Niger is expected to decline by more than 1% to 3.80 million mt. Production in China should be similar in size to last year.

Grains

Sep 7, 2021

Buckwheat: export stop not extended so far

BEIJING/MOSCOW. Until recently Russia did not rule out an extension of the export ban for buckwheat. While harvesting is well underway in Ukraine and has started in Belarus, this is still to happen in China. Prospects are mixed.

Grains

Aug 19, 2021

Buckwheat: first price indications for the new crop

BEIJING. Chinese farmers will soon start harvesting buckwheat and market players are very optimistic. The export ban from the Eurasian Customs Union will remain in place until the end of the month for the time being.

Grains

Jul 28, 2021

Buckwheat: container shortage causes export prices to rise

BEIJING. Due to lucrative alternatives for farmers, buckwheat cultivation in China is declining this year. However, the yield prospects are good. Meanwhile, exports from China to Germany took a positive turn in the current season.

Grains

Jun 23, 2021

Buckwheat: China reduces acreage

BEIJING. The comparatively low demand is not without consequences for the Chinese buckwheat market. Despite the suppliers' restraint tactics, rising prices are not on the cards for the time being and the acreage has been reduced compared to last year.

Grains

Jun 17, 2021

Buckwheat: Eurasian Economic Union decides on export quotas

MOSCOW/BEIJING. As previously announced, Russia has stopped the export of buckwheat, buckwheat groats and buckwheat flakes as of 5 June 2021 until 31 August 2021.

Grains

Jun 9, 2021

Cereals daily: wheat harvest starts in the US

CHICAGO/PARIS. Market and price trends with first trade assessments. The wheat harvest has started in the USA and in Russia, spring wheat cultivation is increasing. Agreste has updated the acreage estimats. Ukrainian corn exports are declining.

Grains

May 19, 2021

Cereals daily: Eastern Europe's crops increase tremendously

CHICAGO/PARIS. Market and price trends with first trade assessments. China surprises with further import demand. COCERAL updates its EU production forecast. Algeria announces a new wheat tender.

Grains

Apr 21, 2021

Cereals daily: massive market turbulence

CHICAGO/PARIS. Market and price trends with first trade assessments. Wheat prices shoot up again, corn, barley and rye also increase, in some cases quite strongly. France buys Romanian wheat. Weather markets and price speculation cause tremors on the stock exchanges.

Grains

Apr 1, 2021

Cereals daily: strong price movements before Easter

CHICAGO/PARIS. Market and price trends with first trade assessments. The USDA quarterly report surprises the market and the export market also recovers again after yesterday's price drop. Algeria's wheat tender surprises the market players.

Grains

Mar 17, 2021

Cereals daily: major blow in Russia

CHICAGO/PARIS. Market and price trends with first trade assessments. Grain prices continue to fall on the physical markets. Russia's change of course on customs policy is apparently causing surprise. China continues to buy more corn.

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