Ukraine's new Minister of Agriculture is backing land reform
which including selling leasing rights to encourage banks to lend against
the asset; I’m not yet sure how this differs from current arrangements.
The USDA out the worst kept agricultural secret this week
when they report that an estimated 80% of Ukraine soybeans and 10% of corn are
grown illegally from genetically modified seed.
They don’t go on to expand how those US produced GM bean seeds managed to end up in
Ukraine in the first place though.
Ukraine's Ministry of Agriculture report latest plantings as corn 4.3mha, 95% of forecast (4.1mha at the same period in 2015), sunflower 5.0mha, 95% of forecast (4.5mha in 2015) and soya 1.7mha, 84% (1.9mha in 2015).
Russian cereal plantings are ahead on last year but likely to
slow with wet conditions over much of the region; spring sowing currently stand
at 37.1mha, up 3.7mha on the same point last year.
Russia's Ministry of Agriculture report this week that grain
exports stand at 31.8mmt from July 1, 2015 to May 18, 2016, up 12.8% compared
with the same period last year.
Russia also reported that
fertiliser purchased between January and May is up a substantial 17% on the corresponding
period last year.
Although we reported this last week, commentators are starting to flag up how current weather (rain) has increased the risk lodging in winter grains in Ukraine and Russia. Also worth mentioning that lodging causes humid conditions conducive to mycotoxin production.
Furthermore we have several independent contacts reporting delayed and
missed fungicides leaving the window open to fungal diseases in
particular fusarium with associated mycotoxin and if that wasn't enough the wet weather will have increased
risk of grains sprouting in the ear.
Meanwhile France granted the Russian Agricultural Minister an
entry visa even though he is on the EU banned list and he has now met with his
French counterpart while at the same time the EU admit they have made limited progress in talks
with Russia to restore the pork trade.
At this moment it certainly looks like France might break
ranks to negotiate a better trading position for themselves with Russia.
And finally it was reported this week that UK rural
broadband is ‘worse than ex-Soviet bloc’ which is not news to some of us is it Virgin Media?