This site has limited support for your browser. We recommend switching to Edge, Chrome, Safari, or Firefox.

European wheat without realization for the moment

Европейската пшеница без реализация за момента

Wheat exporters in the European Union continue to raise the alarm about problems with Ukrainian grain, as well as cheaper Russian grain, killing competition.

The farmers' union in Austria called on the EC to redirect Ukrainian grain to Africa instead of Europe. "Ukrainian grain should be sent to the countries of Africa and the Middle East, not to European markets. Food must go where it is needed most," the statement said.

In addition, the Union expressed concern that Ukrainian grain is being used in bakery products that will no longer meet "high Austrian standards".

The organization called on the European Commission to take appropriate measures and prevent shocks in the EU markets.

According to representatives of the organization, the global food crisis in which the world finds itself is the result of several main factors. Food inflation is extremely high in most parts of the world, with the effects felt most by people living below the poverty line.

As a result, protests against the cost of living and food broke out in 148 countries, including the UK, Germany, France, Spain, Argentina, Indonesia and Iran.

Against this backdrop, global leaders are racing to save an international deal that allows grain to be shipped from Ukraine by sea. But apparently in Ukraine they are not so optimistic.

Kernel Holding SA, the country's biggest sunflower oil exporter, said it was ready to maintain the cargo flow if the defense and infrastructure ministries approved. Ukraine's government last month set up a $547 million insurance fund to compensate companies with ships that would call at Black Sea ports if the export deal collapses.

It is unclear whether shipping companies would want to cross a war zone without the support of an international agreement. Turkish officials, speaking on condition of anonymity, said future Ukrainian shipments appeared unlikely if the pact ended.

Leave a comment

Please note, comments must be approved before they are published