Thursday, 16 February 2017

Mid-week Black Sea agribusiness news

The first train load of Kazakhstan wheat has been delivered to the Far East China port of Lianyungang from where it will be shipped to Vietnam by sea.

This is the first Kazakh wheat to be delivered to Southeast Asia through China and it is estimated will take 20 days which compares favourably to wheat delivered from Australia which takes 30 days.

Kazakhstan intends to export about 500kmt of wheat to Southeast Asia through China in 2017.

Mexico and Russia have concluded a preliminary agreement on the resumption of Mexican meat deliveries to Russia according to the Mexican Agriculture Minister.

In December 2012 Russia's Veterinary and Phytosanitary service limited meat exports from Brazil, Canada, Mexico and the United States due to the content of a banned feed additive ractopamine.

Mexico said they could start delivering 400,000mt of meat to Russia in the near future.

Ukraine made had a robust presence at Europe’s largest organic trade show, Biofach, in Nuremberg, Germany this week with 15 Ukrainian companies showcasing there organic produce.

Ukraine’s Deputy Ag Minister was in attendance and noted that the Ukrainian organic farming is a relatively young sector with 400,000 hectares currently under organic production and over 200 certified producers but that exports had grown 14 times in the last two years.

Ukraine’s agricultural exports reached USD 15.2 billion in 2016 , up USD 4.0 billion on 2015 and accounted for 42% of all exports.

Agricultural imports amounted to USD 3.8 billion, leaving a positive balance of foreign trade in agricultural goods of USD 11.4 billion.