Archive for April 19th, 2022

BAGHDAD, IRAQ — Drought continues to plague Iraq as the Iraqi Ministry of Agriculture recently cut agricultural cropping in irrigated areas of the country to 50% less than the previous year due to shortages in surface water, according to a Global Agricultural Information Network (GAIN) report from the Foreign Agricultural Service of the US Department of Agriculture (USDA).

The USDA forecasts 2022-23 wheat production at 3.25 million tonnes, well below the estimated 5.47 million tonnes in the 2021-22 crop year.

Though Iraq ...

MOSCOW, RUSSIA — About 900,000 tonnes of wheat has been loaded in Russian ports during the first 13 days of April, in line with March’s pace, according to Logistics OS, Bloomberg reported, despite economic sanctions and soaring shipping costs in the Black Sea region following Russia’s Feb. 24 invasion of Ukraine.

The resiliency of Russian grain exports has led analysts to downgrade their outlook for wheat exports from the European Union, one of Russia’s top competitors. The US Department of Agriculture ...