Food security: spring 2022
UkrAgroConsult
Article author:
The food security this year is of special attention due to 2022 wheat production pessimistic forecasts and russia’s military actions in Ukraine.
USDA May 2022: The world’s wheat harvest will be lower than consumption for the second consecutive year. To avoid hunger, major wheat exporters will have to increase their exports, despite the sometimes bleak prospects for future harvests. Many countries have also decided to step up protectionist measures.
Thus, in 2022/23 MY USDA expects to increase wheat exports from Canada, the EU, India and russia. Canada and russia are expected to see significant crop growth. In the EU and India, wheat production should be reduced compared to the previous season, UkrAgroConsult reports.
On May 13, India restricted wheat exports, and world prices switched to strengthening again.
Full version of the article is available to subscribers of ‘BLACK SEA GRAIN’ Weekly Report by UkrAgroConsult.
Request a free a sample report and apply for subscription here.
Be confident with your business and trade strategy based on professional analysis and forecasts of the Black Sea agri market.
Tags: Ukraine, Russia, EU, Canada, wheat, India, food safety, crop forecast
Read also
Imports of sunflower oil to India decreased by 48% in April
After seven months of decline, FAO Food Price Index ticks up in March, mostly driv...
Monthly Digest of Black Sea & Danube Agricultural Markets Reports from UkrAgr...
Sergey Feofilov, UkrAgroConsult, will speak at the 5th CeMI Commodities Exchange M...
Development of winter crops in Ukraine is 14 days ahead of the norm
Write to us
Our manager will contact you soon