TURKEY BANS WHEAT IMPORTS
The Turkish Agriculture Ministry recently announced that it will halt wheat imports from June 21 through mid-October to protect Turkey’s farmers from price decreases and other negative impacts during this year’s harvest. This action taken by one of the world’s largest wheat importers likely will cause more price fluctuation in an already volatile global market. The measure will have its greatest impact on Russia, Turkey’s top wheat supplier.
Russia is expecting a slightly smaller production and export totals in the 2024-25 marketing year, which has caused wheat prices to surge in recent weeks. However, after Turkey announced its import ban last week, Chicago wheat futures fell 7.5%. With the wheat harvest just getting started in Turkey, the Turkish Statistical Institute’s first forecast for the country’s 2024 crop production projects wheat output was at 21 million tonnes, a 4.5% decrease compared to last year. It projected a 5.4% decrease in overall grain production this year.
(Link: WorldGrain)
FRENCH WORRIED OVER UKRAINIAN GIGA-POULTRY FARMS IN CROATIA
Under pressure from poultry farmers, particularly in France, the EU recently re-introduced caps on the quantity of chicken that can be imported duty-free from Ukraine. However, those caps don’t apply to poultry produced by Ukrainian companies in an EU country. In other words, by building large-scale poultry farms in Croatia, they can fully profit from the free internal market. The plans are developed by 2 large Ukrainian agro-companies, MHP and PCC, which, according to Anvol, are ‘lead by oligarchs’. On the eve of the European elections, Anvol asks the EU authorities as well as candidates for its Parliament not to allocate any European funds to these projects.
(Link: VietnamAgriculture)
