Just now, Lebanon claimed that it had asked the Ministry of Agriculture in Kiev to give Lebanon priority in exporting Ukrainian wheat.
Previously, some Ukrainian wheat will be transported to Lebanon through the Danube from a cargo ship arriving in Rennie Port, Ukraine. It is estimated that a total of 35,000 tons of Ukrainian and Russian wheat will be imported this week to alleviate the shortage of wheat supply in the country.
As mentioned in previous reports, Ukraine and Russia are important food exporters in the world. About 50 countries around the world import wheat through this region, especially the Middle East and North Africa, and almost all the wheat imported by Lebanon comes from here.
According to the data, at present, the main wheat export areas in the world are concentrated in the European Union, the United States, Australia, Canada and a few countries such as Russia and Ukraine in the Black Sea region.
Geographically, it is located on the east coast of the Mediterranean Sea in southwest Asia, bordering Syria in the east and north, Israel in the south and the Mediterranean Sea in the west, so the relatively cheap Black Sea wheat is the main source of its wheat imports.
However, after the conflict between Russia and Ukraine this year, Ukraine announced the closure of the Black Sea port, while Russia was sanctioned by the West and faced with logistics and payment problems in global trade, which led to the emergency interruption of wheat supply in Lebanon.
In the subsequent procurement, it was found that the price of wheat from the European Union and the United States rose sharply and the transportation cost was high.
In April, the country's wheat stocks were only enough for one and a half months, which forced the country to apply for an emergency loan of $654.38+$50 million from the World Bank for wheat imports. It is reported that a batch of wheat was imported from India.
In normal years, the quality of Indian wheat is low and many of them are used as substitutes for feed wheat.
Therefore, with the improvement of Ukraine's grain exports, the country also demanded the priority of obtaining wheat import rights at the first time.
Just before that, another poor country, Sri Lanka, went bankrupt under the impact of food.
It is worth noting that while these low-income countries may regain the procurement of cheap wheat in the Black Sea region, good news has also come from the market.
With the continuous interest rate hike in the United States triggering the strengthening of the US dollar, the prices of commodities settled in US dollars have become expensive, and global commodity prices, including grains, have to be drastically lowered, which also means that if Russian wheat exports are no longer restricted in the later period, it will be cheaper to settle in rubles.
At least for the next few days.
Since the futures trading prices of most commodities such as steel, copper, iron, wheat and corn are denominated in US dollars, only carbon emission certificates and natural gas prices are linked to the euro. A stronger dollar will lead to an increase in the trading volume of commodities such as wheat and corn, and the profitability of farmers and enterprises is expected to improve. However, 25%-30% of Romania's imported products, especially energy products, will be more expensive, and the prices of local wheat and corn will also rise.
Of course, on the whole, the recovery of grain exports in the Black Sea region is still in the primary stage, and some countries with large demand for wheat imports still need to find new grain sources under the current tense situation.
The latest news shows that the Nigerian flour mill will import 500,000 tons of wheat from India.
It is reported that the relevant parties in India have approved it.
So, if Ukrainian grain exports resume, what impact will it have on China?
According to customs data in recent years, Ukraine has been the main source of corn and barley imports in China, especially corn. In 20021year, it exported about 8.23 million tons to China, accounting for nearly 30% of China's total corn imports.
Judging from the import volume in the first five months of this year, from June 5438 to May, China imported 4.82 million tons of corn from Ukraine, and the number of barley and sorghum dropped sharply. Since May, corn imports from Ukraine have also dropped sharply.
Therefore, once Ukrainian grain exports in the Black Sea region are smooth, it will also be good news for China's corn market.
It is worth noting that while Ukraine's grain exports have good news, the corn export market from Brazil also has good news.
It is reported that China Customs has indicated that it will sign an import quarantine agreement for Brazilian corn, which means that Brazil's corn export to China will soon be realized.
According to the data, Brazil is the third largest corn producer in the world, and the amount of corn available for export every year is close to 40 million tons, accounting for about 20% of the total global corn export, and the export volume is second only to the United States.
At the same time, it was recently reported that a deep processing enterprise in Northeast China locked in the upcoming autumn grain market ahead of schedule, and the purchase price given was about 0.95 yuan for tide grain, up 0. 1 yuan compared with the same period last year. For more corn market, please collect the live video this Friday.