Overall early estimates slightly lower than previous forecasts, but no disasters. In many places yields down on last year. Russia seeing serious variability but high protein wheat being cut with little being sold off farm. French soft wheat is looking like 15-20% down compared to last year, barley 10% down vs. last year. Romania is […]
“Ukraine is now China’s top Frozen Blueberry Supplier as the market Expands” (Produce Report) The fastest growing segment of Ukraine’s fruit and vegetable sector is blueberry production. According to East Fruit, Ukraine now has at least 700 hectares of new blueberry plantations, equating to a 44% increase in recent years. It is expected that exports […]
Where there are challenges, there are also opportunities Introduction With many investors now in the process of reviewing strategies and, in some cases considering alternative, non correlated asset classes, Brown & Co are offering an update on current markets, starting with developed markets of the U.S. and progressing through parts of Europe, going through South […]
Despite rain over the last two weeks, Eastern Europe will see a production impact from drought this season. Draught has caused some significant damage to arable crops in Ukraine. There are areas where crops have dried up already and it has most affected winter crops. The table below presents total drought damaged area by crop […]
Before COVID-19 lockdown farmers in Europe employed hundreds of thousands fo migrant workers from East and Central Europe. Ukrainians, Romanians and Belarusians eagerly joined the workforce abroad because of three to five times higher salaries. With the perspective of fresh fruit, vegetables and berries season start Ukrainian workers queue to receive working visas. Many countries […]
With food security of increasing concern globally – the Russian Government have decided to impose a quota on certain grains exports of 7MMT. The quota is to be in place from April 1-June 30, 2020 (marking the end of the current marketing year for grain) and has already been fulfilled – surprising the market as […]
SAGO, Saudi Arabia’s state grain buyer, has purchased 60,000 tonnes of Ukraine wheat from the Saudi Agricultural and Livestock Investment Company (SALIC). Formed in 2011 SALIC has invested into farmland globally in order to produce and secure food for the Kingdom of Saudi Arabia (KSA). SALIC is 100% owned by the Public Investment Fund (PIF) […]
On March 31, Ukraine’s Verkhovna Rada adopted a law legalizing the trade of agricultural land, ending a 20-year moratorium. The law will come into effect on July 1, 2021. The law is one of the requirements for Ukraine to receive aid from the International Monetary Fund, without which Ukraine will face significant difficulties in managing […]
Ukrainian lawmakers have passed a bill lifting the ban on buying and selling farmland. The ban or moratorium on land sales has been in place since 2001 and effectively prevents the purchase or sale of land or its utilization as collateral to attract investment into the rural sector. If passed it will introduce a land […]
Ukraine, often referred to as the “bread basket of Europe” has the largest stock of agricultural land in Europe comprising 42 million hectares, yet the current ban on the trading of freehold agricultural property in the country, to both Ukrainian and foreign nationals, is stifling growth and investment in the country.