World Grain - November 2022 - 34

FEATURE: GLOBAL GRAIN TRADE REVIEW
" Looking specifically at the wheat
market, prices have declined as well
since May, " he said. " If we look at
the key exporters, the spread has
been widening. "
" The general decline in the market
has been linked to some seasonal pressure
because harvests have been advancing
in the Northern Hemisphere, "
he said, particularly noting rising estimates
for Russian production, although
it is " very difficult to see how
much that origin can export. "
The resumption of shipments from
Ukraine's Black Sea ports, under
the UN-brokered Black Sea Grain
Initiative, " has also pressured markets,
but that was more a psychological effect
rather than a real effect on fundamentals
because in the initial weeks
we have seen those shipments mainly
focused on maize, but we now see
wheat shipments rise as the harvest has
been complete. "
Improving conditions for planting
in the Northern Hemisphere besides
parts of the United States and Canada,
along with the surging dollar added
to the downward pressure, although
the IGC expert pointed out that uncertainty
over the future of exports from
the Black Sea has triggered a recent
upturn.
Russian President Vladimir Putin
called the deal into question in a speech
in September. The Russian leader repeatedly
has attempted to blame food
shortages on western sanctions, rather
than on Russia's invasion of Ukraine,
something that the EU, in particular,
rejects vehemently.
Karavaytsev also highlighted
downward impetus on prices from
excellent Australian grains production
prospects.
34
November 2022 / World Grain / World-Grain.com
©khismatov - stock.adobe.com
http://www.World-Grain.com

World Grain - November 2022

Table of Contents for the Digital Edition of World Grain - November 2022

World Grain - November 2022 - Intro
World Grain - November 2022 - 1
World Grain - November 2022 - 2
World Grain - November 2022 - 3
World Grain - November 2022 - 4
World Grain - November 2022 - 5
World Grain - November 2022 - 6
World Grain - November 2022 - 7
World Grain - November 2022 - 8
World Grain - November 2022 - 9
World Grain - November 2022 - 10
World Grain - November 2022 - 11
World Grain - November 2022 - 12
World Grain - November 2022 - 13
World Grain - November 2022 - 14
World Grain - November 2022 - 15
World Grain - November 2022 - 16
World Grain - November 2022 - 17
World Grain - November 2022 - 18
World Grain - November 2022 - 19
World Grain - November 2022 - 20
World Grain - November 2022 - 21
World Grain - November 2022 - 22
World Grain - November 2022 - 23
World Grain - November 2022 - 24
World Grain - November 2022 - 25
World Grain - November 2022 - 26
World Grain - November 2022 - 27
World Grain - November 2022 - 28
World Grain - November 2022 - 29
World Grain - November 2022 - 30
World Grain - November 2022 - 31
World Grain - November 2022 - 32
World Grain - November 2022 - 33
World Grain - November 2022 - 34
World Grain - November 2022 - 35
World Grain - November 2022 - 36
World Grain - November 2022 - 37
World Grain - November 2022 - 38
World Grain - November 2022 - 39
World Grain - November 2022 - 40
World Grain - November 2022 - 41
World Grain - November 2022 - 42
World Grain - November 2022 - 43
World Grain - November 2022 - 44
World Grain - November 2022 - 45
World Grain - November 2022 - 46
World Grain - November 2022 - 47
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World Grain - November 2022 - 49
World Grain - November 2022 - 50
World Grain - November 2022 - 51
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World Grain - November 2022 - 73
World Grain - November 2022 - 74
World Grain - November 2022 - 75
World Grain - November 2022 - 76
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