The European Commission has stated that the EU will provide assistance for the export of the entire possible quantity of Ukrainian grain during 2023/24. A monthly export of 4 million tons of grain is required.
Authorities in India have imposed a ban on the export of white rice starting from July 20, 2023. Since India holds 40% of the world's rice exports, any policy change there leads to price fluctuations.
Rusagrotrans forecasts a record wheat export from Russia in July, ranging from 4.1 to 4.2 million tons (the previous best result was 4 million tons in 2018).
According to IKAR's forecast, the total grain production in Russia will be 134.5 million tons in 2023, including wheat production of 86.5 million tons (86 in the previous estimate).
Ukraine proposed to the UN and all interested parties to change the route of ships carrying grain from Ukrainian ports through the territorial waters of Romania and Bulgaria to Turkey.
According to Safras&Mercado's forecast for 2023/24, the corn areas in Brazil will be 22 million hectares (22.2 in 2022/23), including a first corn crop areas of 4.1 million hectares (4.2) and a second corn crop areas of 15.4 million hectares (15.5).
During the period from September to December 2023, soybean imports to China from Brazil may increase due to high prices of soyoil in the US, and consequently, the prices of soybeans.
In their July report, Conab analysts lowered their forecast for Brazil's 2023/24 soybean production by 1.2 million tons to 154.6 million tons (125.5 in 2022/23).
