The Norwegian government signed an agreement to stockpile grain on June 25, saying the COVID-19 pandemic, war in Europe and climate change made it necessary, the Associated Press reported. The agreement to store 30,000 tons of grain was signed by the Norwegian Minister of Agriculture and Food and four private companies.
Viewing posts from June, 2024
Ukraine's Ministry of Agriculture announced on June 14 that it had raised its grain production forecast by 7% for the upcoming 2024-25 marketing year, which begins July 1.
Taras Vysotsky, acting agriculture minister, said in a press release that production in the war-torn country had been revised upward to 56 million tons, up from 52.6 tons in the previous estimate. The forecast includes 21 million tons of wheat, 28.5 million tons of corn and 5 million tons of barley.
Thanks to favorable weather, Bulgaria expects increased production of both winter and spring grains in the 2024-25 marketing year, according to a report from the USDA's Foreign Agricultural Service (FAS).
In May 2024, global wheat export prices rose sharply in all major producing countries, with many recording double-digit growth. Increasing concerns about the impact of unfavorable crop conditions on the 2024 harvest in the European Union and the Russian Federation led to a 16 percent increase in prices in the EU and a 12 percent increase in the Russian Federation.
Turkey's Agriculture Ministry announced it will ban wheat imports from June 21 to mid-October to protect Turkish farmers from falling prices and other negative factors during the harvest.