PIXABAY

May 31, 2022

Russia Ready to Allow Grain Exports from Ukraine Ports

Putin: if sanctions are lifted, Russia can export more

On Monday, President Vladimir Putin said Russia was ready to facilitate the unhindered export of grain from Ukrainian ports in coordination with Turkey, according to a Kremlin readout of talks with President Tayyip Erdogan, Reuters reports.

"During the discussion of the situation in Ukraine, emphasis was placed on ensuring safe navigation in the Black and Azov seas and eliminating the mine threat in their waters," the Kremlin said of Putin's call with Erdogan.

Reuters reports that Putin said Russia to facilitate the unhindered sea transit of goods in coordination with Turkish partners. This also applies to the export of grain from Ukrainian ports.

Putin, according to the Kremlin, added that if sanctions were lifted, then Russia could "export significant volumes of fertilizers and agricultural products."

Global food crisis from Russia's invasion

When it comes to the global food supply chain, the invasion of Ukraine by Russia has sent the price of grain, cooking, fertilizer and energy soaring.

On May 25, reports said newly declassified U.S. intelligence showing a Russian naval blockade had halted maritime trade at Ukrainian ports, in what world leaders called a 'deliberate attack' on the global food supply chain that has raised fears of political instability and shortages unless grain and other essential agricultural products are allowed to flow freely from Ukraine.

Lisa Cleaver

Recently Added to Buyer's Guide

Ribbon Blenders

  • 5-cubic-foot unit features special three-piece grate designed with angled and pitched profile
  • All three sections of the grating have position sensors which interlock with the control panel, ensuring operator safety while running

Infinifeed Loop

  • Continuous feed loop system
  • Capacities available up to 1,800 bushels/hour

Loop Conveyor System

  • Can be used to fill and empty grain bins and flat storage structures or applied to feed processing and other conveying applications
  • Available in 8-, 10- and 12-inch diameters with capacities up to 10,000 bushels/hour

BioShield

  • 5-minute ELISA testing kit
  • Use a common extraction protocol for ease of use

Q-Sage Air Screen Cleaners

  • Separates grain by length and size to specifications
  • Numerous flow patterns available to accommodate each unique product and processing need

Vertical Blender

  • For reliable, gentle mixing of friable solids, abrasive materials and shear-sensitive products
  • For processing large volumes where floor space is limited

Magazine

Marketwatch: Aug, 18

US Corn Price Idx: ZCPAUS.CM

open: 6.6945
high: 6.737
low: 6.6326
close: 6.6866

US Soybean Price Idx: ZSPAUS.CM

open: 14.3219
high: 14.4169
low: 14.2107
close: 14.3029

US Hard Red Winter Wheat Price Idx: KEPAUS.CM

open: 8.3035
high: 8.351
low: 7.9626
close: 8.0508

US Soft Red Winter Wheat Price Idx: ZWPAUS.CM

open: 7.3573
high: 7.4048
low: 7.0429
close: 7.0505