Season 2016/2017 was marked with second in a row low corn crop in top-producing EU countries – France, Romania, Italy and Spain. According to European Commission’s estimates, EU corn crop totaled 59.073 MMT in 2016/2017, almost in line with last year volume – 59.066 MMT at the expense of higher production in other top producers…
EU farmers will keep soft wheat area the same for the 2017 harvest despite the depressant of weak prices, Strategie Grains said, citing a limited switching of land to rapeseed instead. The influential analysis group in its first detailed forecast for EU cereals sowings for next year’s harvest pegged soft wheat area at 24.3 million…
The forecasts for 2016/2017 oilseed production in Black Sea countries did not change substantially in the October USDA report. The adjustments only concerned Russia. So, after another cut a month ago, the soybean output forecast for Russia was raised to 3 MMT (up by 300 KMT from the previous estimate). Also, the USDA report presents…
In 2016/2017 season export potential of the Black Sea region is estimated to overcome 105 MMT. Black Sea countries steadily take new positions in the global grain production and trade, overtaking traditional top exporters, such as USA and EU. Despite growing global consumption, grain stocks set new records, intensifying competition for the buyers. The era…
The Southern Gas Corridor (SGC) project is running in very professional manner, European Commission Vice President for Energy Union Maros Sefcovic reported. Sefcovic said that the competition was very tough, but he was confident that Caspian gas would reach Europe before 2020 via the Southern Gas Corridor. “An enormous investment was made. The project is…
The interconnecting gas corridor between Macedonia and Greece will use the Trans-Adriatic Pipeline (TAP) for supply of natural gas from Azerbaijan, CEO of Macedonian Energy Resources Skopje company Krste Miladinov reported. TAP project envisages transportation of gas from the Stage 2 of development of Azerbaijan’s Shah Deniz gas and condensate field to the EU countries.…
In the current season the Black Sea region has become the key player on the world wheat market by achieving record high productivity during the 2016 harvesting campaign. No doubt, in the 2016/2017 marketing year the region will confirm the leadership as world largest wheat supplier. But will the key countries of the region sell…