Turkey has increased the fees for transporting goods through the Bosphorus and Dardanelles five times. For years, the fee has been 0.8 USD/ton, and from 07.10.2022 it will be 4 USD/ton.
According to ProZerno's forecast, the grain production in Russia will reach 145 million tons in 2022, domestic consumption is estimated at 83 million tons, and the export potential is expected within 55-56 million tons, including 44 million tons of wheat.
According to Conab's forecast in 2022/23, the production of cereals and oil crops in Brazil will reach 308 million tons, including 150.36 million tons of soybeans (124 in 2021/22) and 125.5 million tons of corn (+10.8 compared to 2021/22).
Through direct negotiations, Egypt has purchased 240,000 tons of Russian wheat at a price of 368 USD/ton C&F, which is 8% lower than the last purchase in July.
Given the severe drought, MARS forecast an average corn yield in the EU in 2022 of 6.63 tons/hectare (7.25 in the previous estimate, -16% compared to 2021 and -16% compared to the five-year average).
As of August 18, 2022, 6.1 million hectares of grain crops were harvested in Ukraine (55% of the area), 23.4 million tons of grain were harvested with an average yield of 3.82 tons/hectare.
The Ministry of Agriculture of India raised its forecast for the wheat production in the country from 106.41 million tons to 106.84 million tons (109.59 last season).
According to data from the European Commission, 3.57 million tons of wheat were exported from the EU over the period of 01.07 - 14.08.2022 (3.14 a year earlier).
