BLOG

Ukraine, currently facing conflict with Russia, has lodged a complaint with the World Trade Organization against Poland, Hungary, and Slovakia over their grain export bans.

According to the spring 2022 edition of the short-term outlook report published by the European Commission, EU grain production is projected to reach 297.7 million tonnes for the 2022 harvest. The Commission forecast that EU grain exports would increase by almost 40% to 41.4 million tonnes in 2022/23 season.

A declaration passed by the International Grains Council calls on Russia to ‘immediately and unconditionally’ cease its aggression against Ukraine.

The European Commission has announced a €500 million support package to help European Union farmers most affected by the war in Ukraine.

The Russian offensive into Ukraine has increased the supply risk for grain markets. Ukraine stopped activities in its ports after Russia launched a military operation. Russia has also suspended the movement of commercial ships in the Sea of Azov until further notice. Prices for grains rose amid concern that the conflict could hit exports from the Black Sea to world markets.

Russian rail operator RusTransCom, specialising on transportation of grain, mineral fertilisers, an...