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Vessels are seen as they await inspection under the Black Sea Grain Initiative, brokered by the UN and Turkey, in the southern anchorage of the Bosphorus at Istanbul on Dec. 11, 2022. (File photo: Reuters/Yoruk Isik)
Crops, Markets, Reuters

Russia’s leverage on grain to decline, senior U.S. official says

Attacks on ships may hurt pricing

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New York | Reuters — Russia’s leverage over Ukraine’s export of grain via the Black Sea will likely erode in weeks to come as more ships are able to leave Ukrainian ports and rising costs could prompt Moscow to reconsider its abandonment of the grain deal, a senior U.S. State Department official said. James O’Brien, […] Read more
File photo of a bulk vessel at a port grain terminal at Constanta, Romania. (Sergii Zhmurchak/iStock/Getty Images)
Crops, Markets, Reuters

Romania, Ukraine to work on grain import-export licensing system

Three other EU countries have bans in place

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Bucharest | Reuters — Romania will work with Ukraine over the next 30 days on a grain export control plan that will help protect Romanian farmers, Agriculture Minister Florin Barbu said on Wednesday. Romania is among five eastern European Union countries along with Bulgaria, Hungary, Poland and Slovakia that saw a surge of Ukrainian grain […] Read more
(Juanmonino/E+/Getty Images)
Crops, Markets, Reuters

Kyiv acts on ‘compromise’ plan after filing WTO complaint over food ban

Three EU countries have restricted Ukraine grain imports

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Kyiv | Reuters — Ukraine appealed to three neighbouring countries in the European Union on Tuesday to embark on “constructive dialogue” to end a dispute over agricultural trade, and approved what it called a “compromise scenario.” Poland, Slovakia and Hungary announced restrictions on imports from Ukraine on Friday after the European Commission decided not to […] Read more
(Juanmonino/E+/Getty Images)
Crops, Markets, Reuters

Farm trade dispute creates rift between Ukraine and its allies

Ukraine sues three EU member states at WTO

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Brussels/Kyiv | Reuters — A dispute over agricultural trade created a rift on Monday between Ukraine and some of its strongest allies in the European Union after three member states imposed unilateral measures to restrict imports from the war-torn country. Poland, Slovakia and Hungary announced restrictions on imports on Friday after the European Commission decided […] Read more
File photo of barley being unloaded at a grain terminal in Ukraine on June 23, 2022. (Photo: Reuters/Igor Tkachenko)
Crops, Markets, Reuters

Poland, Hungary, Slovakia to continue own bans on Ukraine grain

European Commission decides not to extend ban

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Brussels/Warsaw | Reuters — Poland, Slovakia and Hungary will impose their own restrictions on Ukrainian grain imports, the governments said on Friday, after the European Commission decided not to extend a ban affecting Ukraine’s five EU neighbours. Restrictions imposed by the European Union in May allowed Poland, Bulgaria, Hungary, Romania and Slovakia to ban domestic […] Read more
File photo of barley being unloaded at a grain terminal in Ukraine on June 23, 2022. (Photo: Reuters/Igor Tkachenko)
Crops, Markets, Reuters

EU ag commissioner pushes for extension of Ukraine grain import ban

Restrictions due to expire Friday

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Brussels/Bucharest | Reuters — The EU agriculture commissioner said on Tuesday said he believes the European Commission should extend a temporary ban on Ukraine imports into five neighouring EU states, as the measure helped boost exports outside the bloc. Ukraine has become entirely dependent on alternative European Union routes, called Solidarity Lanes, for its grain […] Read more
(Bhofack2/iStock/Getty Images)
Crops, Markets, Reuters

U.S. food companies go deal hunting as pandemic growth fades

Twinkies maker Hostess exploring a sale

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Reuters — U.S. packaged food companies are set for a flurry of deals in a push to revamp their brand portfolios as their pandemic-era fortunes fade and benefits of price hikes start to taper off. Last month, Campbell Soup struck a $2.7 billion deal for Rao’s sauce maker Sovos Brands (all figures US$). Unilever bought […] Read more
A vessel is seen arriving at Odesa in southern Ukraine under the Black Sea Grain Initiative on April 12, 2023. (Photo: Yulii Zozulia/Nurphoto via Reuters Connect)
Crops, Markets, Reuters

Russian Agricultural Bank could have SWIFT access within 30 days, U.N. tells Moscow

Russia seeking 'actual exemptions' from sanctions

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Reuters — A Russian Agricultural Bank subsidiary in Luxembourg could immediately apply to SWIFT to “effectively enable access” for the bank to the international payments system within 30 days, the United Nations told Russia in a letter, seen by Reuters on Friday. “SWIFT has confirmed that RSHB Capital S.A. would be eligible to apply for […] Read more
Liberia-flagged bulker K Sukret, carrying grain under the Black Sea Grain Initiative, waits for inspection in the southern anchorage of Istanbul on May 17, 2023. (Photo: Reuters/Mehmet Emin Caliskan)
Crops, Markets, Reuters

UN working on guarantees for Russia to restore grain deal, Moscow skeptical

Bombing of Ukraine ports, grain facilities erodes other partners' goodwill, Guterres says

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Reuters — The United Nations is “actively engaged” in trying to improve Russia’s grain and fertilizer exports in a bid to convince Moscow to again allow the safe Black Sea export of Ukraine grain, Secretary-General Antonio Guterres said Thursday. “We believe that it’s necessary to create a system of mutual guarantee,” Guterres told reporters on […] Read more
Turkish President Tayyip Erdogan (r) and his Russian counterpart Vladimir Putin arrive at a press conference after their meeting in Sochi on Sept. 4, 2023. (Photo: Murat Cetinmuhurdar/Turkish Presidential Press Office/Handout via Reuters)
Crops, Markets, Reuters

Turkey’s Erdogan says Black Sea grain deal can be restored soon

UN seeks to bring Russia back into deal

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Moscow | Reuters — Turkish President Tayyip Erdogan said after talks with Russia’s Vladimir Putin on Monday that it would soon be possible to revive the grain deal that the United Nations says helped to ease a food crisis by getting Ukrainian grain to market. Russia quit the deal in July — a year after […] Read more

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