“The wheat harvest is over in most EU countries. Harvest reports indicate that drought and high temperatures have took a toll on the wheat crop“, says the report.
Also on Friday, Bloomberg writer Megan Durisin reported that,
Drought on European farms is expected to drive up prices for meat, milk and cheese even further, adding to pressure on consumers as everything else in the grocery aisle becomes more expensive.
“The scorching heat of summer dries out pastures and reduces harvests by cereals intended to feed the herds. British cattle and sheep farmers are tapping into their winter fodder reserves at the height of summer. The corn fields in France are in their worst form in a decade and withering elsewhere, exacerbating the future deficit in livestock feed.”
Durisin explained that “the extreme weather conditions aggravates the difficulties already faced by farmers in the European Union, largest exporter of pork and cheese. Livestock producers are grappling with rising grain and energy costs, as well as labor shortages and disease outbreaks. This reduced herds and pushed EU meat prices up in June by around 12% on a year earlier – the biggest jump on record.
The Bloomberg article added that “More European farmers are razing maize fields early for silage as yield prospects deteriorate. They can also mix more wheat into livestock rations since this grain was collected before the drought shock and trades at a rare price compared to maize.
Meanwhile, Reuters editors Pavel Polityuk and Daren Butler reported today that “the ship Brave Commander has left the Ukrainian port of Pivdennyi, carrying the first shipment of humanitarian food aid to Africa from Ukraine since the invasion of Russia, data from Refinitiv Eikon showed on Tuesday.
The Reuters article noted that “Ukraine can export 3 million tonnes of grain from its ports of September and be able in the future to export 4 million tons per month, Deputy Infrastructure Minister Yuriy Vaskov said.
“He said that Ukraine had received requests for 30 ships come to Ukraine in the the next two weeks export cereals while total export volume so far was about 600,000 tons.”
Polityuk and Butler added that “despite the unblocking of ports, Ukraine’s grain exports are down 46% year on year to 2.65 million tonnes so far for the 2022/23 season, this report said. week the Ministry of Agriculture.
“Ukraine has exported 948,000 tons of grain in the first half of augustdown 1.88 million tonnes in the same period a year earlier.
Also today, Financial Times writer Emiko Terazono reported that “the first grain transport vessel to leave Ukraine since the Russian invasion appears to have docked in the Syrian port of Tartous after it stopped transmitting its location signal early Friday, according to satellite photographs.
“Since the departure at the beginning of the month, the destination of the ship has been the subject of much speculation. The cargo of 26,500 tonnes did not reach its original destination of Lebanon after buyer rejects it on quality grounds,” the FT article reads.