It is reported that Russia and western countries still distrust each other on the issue of Ukraine's grain export. In this regard, countries from Europe and the United States believe that Russia intends to pressure the grain exports of the Black Sea ports in exchange for exemption from economic sanctions.
However, another news shows that after Russia expressed its willingness to help Ukraine export food, western countries have no intention of relaxing sanctions at present, but are stepping up sanctions, and Ukraine has no intention of clearing drifting mines outside the port.
According to the latest news, during the evacuation from upor, Mali, Ukraine set fire to the port warehouse where a large amount of grain was stored, resulting in as many as 57,000 tons of corn and wheat stored here turning black and rotten, and even unable to be used as feed.
At the same time, according to the feedback from international traders, although the West has not directly sanctioned Russian food, the financial and shipping sanctions against Russia have made it difficult to pay, making international shipping companies reluctant to carry Russian goods.
It is reported that at present, European ports do not accept Russian ships, which leads to the fact that Russia's logistics and capital chain related to food supply are essentially under sanctions.
Just last week, the United States also indicated that it would send "letters of condolence" to these trading companies to help Russia export grain and fertilizer in international trade.
The data shows that Russia and Ukraine account for nearly one-third of the global wheat supply, while Russia is also the second largest exporter of chemical fertilizers in the world, and Ukraine is the main exporter of corn and sunflower oil.
Earlier, Turkey expressed its willingness to play a role in the "observation mechanism" to escort oil tankers leaving Ukraine and passing through the Turkish Strait.
However, Ukraine's ambassador to Turkey claimed last Friday that Turkey had bought food "stolen" by Russia from Ukraine.
At the same time, Ukraine hopes to get more international assistance to help its food export.
Torreiro, chief economist of FAO, said in an interview that the food crisis triggered by the Russian-Ukrainian conflict may last until 2023.
Judging from other countries in the northern hemisphere, China and India, the world's largest wheat producers, are also unable to provide more wheat exports in the near future.
It is reported that China is currently welcoming a large-scale summer grain purchase, but due to the growth of domestic demand, the purchase price of new wheat has set a historical record this year.
At present, China, as the world's largest grain importer, is trying to curb market demand by auctioning all kinds of national grain reserves, reducing the purchase of international grain sources, and does not have the conditions for grain export.
According to the data, in order to meet the domestic demand for feed corn, China restarted the auction of overdue stored rice, with a weekly quantity of about 2 million tons, which eased the rising corn price.
However, judging from the crop production cycle, it will take three months for China to put a large number of new season corn on the market.
India, the second largest wheat producer in the world, once said that it would export100000 tons of wheat. However, with the domestic output lower than expected this year, it has stopped exporting wheat, but the wheat imported from some low-income countries will be satisfied.
At the same time, as the world's largest rice exporter, India said it would not restrict rice exports.
In addition, India recently approved 62 sugar factories and exporters to export 1 10,000 tons of sugar.
India is the second largest sugar exporter in the world, and has previously announced a ban on sugar exports.
From the international market, except Russia, the current international wheat prices are all below $400, and the wheat exporting countries such as the United States, Argentina, France, Canada and Australia all quote above $400, mostly between $430 and $450. Considering the processing problem, the actual consumption price has surpassed that of rice in Southeast Asia.
At present, rice in Southeast Asia has become one of the cheapest staple foods. Brazil recently lowered its rice import tariff by 10%, and Southeast Asia also lowered its import tariff on Indian rice.
But for high-income countries, the current food problem is the second biggest problem after energy.
Although the current global food prices have risen sharply, and some varieties are in regional supply shortage, the United States, as the world's largest grain exporter, recently issued the requirements for compulsory blending of biofuels in 2022 and the first two years, requiring refineries and importers to blend 20.63 billion gallons of renewable fuels in gasoline and diesel this year, of which as many as 654.38+05 billion gallons will use traditional renewable fuels, such as ethanol.
On the one hand, it will alleviate the shortage of domestic energy supply, on the other hand, it will provide more policy support for its domestic grain production.
It is reported that under the current complicated situation in the Black Sea, on the one hand, it has caused regional grain circulation problems; On the other hand, Russia and Belarus are the largest exporters of chemical fertilizers in the world. In the current environment, the United States and other food-producing countries are also facing the problem of planting costs. If farmers' income cannot be raised, it will also bring instability in grain production.
In the domestic market, wheat harvesting is still in progress. With the acceleration of harvesting progress, the acquisition speed of new grain in local storage warehouses has accelerated, and the price is slightly higher than the price announced by previous storage points.
According to the latest data, the Yangshan Branch, the Yangshan Branch and the Yanjin Branch of China Grain Storage Company started harvesting wheat on June 7, with the purchase price of Grade I 1.54 yuan/kg, Grade II 1.53 yuan/kg and Grade III 1.52 yuan/kg. The purchase price of China Grain Reserve Shandong Branch will be unified, with Grade I 1.5 1 yuan/kg, Grade II 1.5 yuan/kg and Grade III 1.49 yuan/kg; On June 7th, the storage directly under Hongdong of China Grain Reserve began to harvest wheat, which was higher than the national standard. The purchase price was 1.52 yuan/kg. Linyi Grain Depot began to purchase new wheat this year on June 7th, with a bulk density of 750g/L and a purchase price of 1.54 yuan/kg. For each 5g increase in bulk density, the price will increase by 0.005 yuan/kg, and the price will be capped at 1.58 yuan/kg.
It is worth noting that the performance of corn price is relatively weak in the process of the strong rise of wheat price in the new season recently.
According to the recent investigation of new wheat production in Henan, Hebei, Shandong and other places by the reporter of Futures Daily, many grain brokers, traders and large and medium-sized grain depots in the mainland have encountered the problem of how to deal with the storage of corn.
According to the news from JCI, an industry organization, since May, relevant parties have been guiding to put expired stored rice on the market at a scale of 2 million tons per week to meet the demand of feed consumption.
In addition, although the discount price of wheat is relatively high at present, in the grass-roots new wheat purchasing market, the price of wheat with different moisture levels purchased by small vendors is 1.40- 1.47 yuan/kg. This year, the quality of new wheat is generally good, and there are no problems such as aflatoxin and vomiting toxin exceeding the standard. Compared with the current price of corn in various places, new wheat still has certain advantages.
At the same time, it does not rule out the current popularity of the wheat market, so that traders are more optimistic about the wheat market outlook and continue to give the warehouse operation of wheat acquisition.
In other respects, a delivery ceremony was held in Lusaka, Zambia, on the 3rd.
It is reported that after the transfer of the project, China will also provide technical support to Zambia for three years to help the country's agricultural development and food self-sufficiency.