The Russian invasion of Ukraine, inflation, drought… The year 2022 is behind us. What happened in the agricultural sector in 2022, a year full of many problems?
The agricultural policies, perspectives on agriculture and production planning implemented by the governments of each country in the world were very different.
January 2022
- Cellular agriculture has begun. Animal-free meat grown in a laboratory is being put on the market…
- Wheat prices are rising! Wheat prices may rise further due to the Black Sea tensions.
- The EU has granted Ukraine a quota import of 77,833 tons of wheat for February.
- Ukraine’s harvest is threatened by fears of Russian invasion.
- Australia is expecting a record harvest.
- Ukraine plans to impose export duties on grain.
- Ukraine is trying to protect its agricultural stakeholders.
February 2022
- Global feed production grew despite problems.
- Feed prices continue to rise in the world.
- Crude oil is approaching $100 per barrel and natural gas has risen in Europe. Wheat continues to rise.
- Russian export wheat prices are also falling, largely due to geopolitical risks.
- Input costs in agriculture and food prices in the market are rising.
- Crises in the global world affect agriculture!
- Soybean and grain prices are rising due to the Russia’s invasion of Ukraine
- Chicago wheat futures rose more than 7.72% on Tuesday, corn rose 4.82% and soybeans also gained ground.
- Ukrainian sunflower oil export prices rose last week.
- European natural gas prices rose sharply amid tensions in Ukraine.
- Food prices are breaking records in Europe and around the world. Further price increases in food products are expected if the invasion goes on by Russia.
- Electricity prices have risen to a record high.
March 2022
- The war in the Black Sea is not only taking lives, it is also driving up the cost of wheat, cooking oil, lubricants and energy. Wheat futures in Chicago hit their highest level in nearly 14 years on Tuesday on concerns about supply shortages. War hits also the agriculture
- For importing countries, which have to buy grains at very high prices, the conflict will add to supply challenges.
- Russia’s invasion of Ukraine could cause a global food crisis USDA’s 2022 food price inflation forecasts are rising as expected…
- Flower exporters are affected by the uncertain situation due to the Ukraine war.
- Spain braces for a grain crisis.
- Russian wheat exports have reportedly resumed in the Black Sea, albeit gradually.
- In Italy, wheat prices are rising.
- Grain has become up to 80% more expensive in Spain in just one year.
- The chaos of vegetable oils in Spain: consumers are paying 60% more for olive oil than a month ago.
- War in Ukraine has halted shipments of sunflower oil.
- In the war between Ukraine and Russia, tens of millions of tons of grain have become unavailable for export.
- The food crisis is growing as rising prices trigger export bans.
- Palm oil prices soared as Indonesia halted exports.
- Serbia banned exports of wheat, corn, flour and cooking oil.
- Yara cut fertilizer production in Italy and France.
- Ukraine banned fertilizer exports.
- World food prices continued to rise this month, hitting a record high in February, rising 20.7% year-on-year, according to the United Nations food agency.
- Hungary announced last week that it would ban all grain exports.
- Bulgaria also announced that it would increase its grain reserves and may restrict exports until it realizes planned purchases.
- Analysts predict that even if the war ends tomorrow, export flows will continue to be disrupted for months.
- In Brazil, another agricultural powerhouse, farmers cannot get the fertilizers they need.
- Some major cities in Ukraine are experiencing food shortages.
- We could see a worldwide increase in hunger.
- Hungary imposes controls on grain exports.
- Serbia has said it will soon stop wheat shipments.
- India has increased wheat shipments in recent years.
- In Brazil, a major supplier of corn and soybeans, a crippling drought is devastating crops.
- Fertilizer Prices Set New Records.
- European fertilizer factories are drastically reducing production due to high energy prices.
- Russia has decided to halt fertilizer exports.
- Major Norwegian fertilizer group Yara was forced to cut production due to high gas prices.
- Ukraine banned fertilizer exports due to the war.
April 2022
- The war will affect already strained chip production.
- Wheat supplies are dwindling and prices are skyrocketing.
- About half of global neon gas production is made by two Ukrainian companies. One is based in Mariupol. The other is in Odessa. Why is this important? Neon gas is needed for the lasers used in chip production.
- The World Bank has warned that rising fertilizer and energy costs pose a threat to harvests after global food prices rose by more than a third.
- In the near term, there has been a marked increase in the price of staples, including wheat and wheat substitutes.
- The world is facing a “human catastrophe”… People in low- and middle-income countries are most affected by the effects of the war in Ukraine on food supplies.
- The conflict has also had repercussions. Fertilizer prices are rising. Farmers’ costs are rising. Food prices are rising.
May 2022
- Climate change is a hot topic.
- In Germany, food is becoming more expensive as a result of expensive fertilizers, the war in Ukraine, drought.
- In Spain, 6% of the value of Spanish agricultural production – more than 550 million euros – is lost each year due to climate change.
- The World Bank has approved Lebanon’s request for 150 million dollars to finance wheat imports.
- Food shortage warning in Germany!
- The enormous rise in prices around the world is alarming…. Fertilizer prices also continue to rise.
- In Brazil, farmers are struggling to find fertilizer for the next soybean crop.
- Spanish agronomists warn: grain and oilseed supplies are “at risk”.
- Peru has run out of urea…
- Iran shuts down the internet amid protests over rising bread prices and the cost of living.
- Indonesia extends palm oil export ban to include crude, refined varieties.
- Drought has affected the current agricultural season in Argentina.
- Coupled with climate shocks, conflict in places like Ethiopia and supply chain shortages caused by COVID-19, the war in Ukraine is exacerbating the impacts on food and economic security in Africa.
- According to the UN food agency, milk and meat prices hit a record high in April, reflecting ever-increasing global demand for protein and high prices for animal feed, particularly corn and soybeans.
- US inflation data for March showed the index for meat, poultry, fish and eggs up 14% and beef up 16% from a year ago.
- The World Bank estimates that wheat prices could rise by more than 40% by 2022.
June 2022
- Oil, gas and fertilizer prices are rising around the world.
- Fertilizer prices are at record highs… Now exceeding prices seen during the food and energy crisis of 2008.
- US natural gas prices are rising as Europe moves away from Russian energy.
- Fertilizer prices are expected to stay high for longer…
July – August 2022
- Canadian wheat plantings hit a 9-year high as food prices rise.
- In Argentina and Paraguay, wheat and soybean crops are victims of the ongoing drought. Drought causes devastation in Argentina and Paraguay.
- Serbia’s wheat yields are down 30% due to drought.
- India has restricted wheat flour exports. The reason is the global wheat crisis.
- Malaysia banned poultry exports from June 1 to fight inflation.
- Kyrgyzstan banned sugar exports for six months on June 1, fearing sugar shortages and high inflation.
- Russia has banned sugar exports as a whole until August 31. It also banned the export of wheat, rye, barley and corn to neighboring countries of the former USSR until June 30. These shipments were made under a free trade regime without duties and quotas.
- The Republic of Serbia imposed an embargo on exports of wheat, flour, corn, sunflower and its derivatives in order to stabilize its domestic market.
- In Spain, due to the drought, olive yields have fallen. But quality improved. They earned a good income from a small crop. This is because the olive fly could not harm them due to the drought.
- European farmers stood up. It started with the Dutch. Farmers rose up en masse to protest their government’s destructive climate policies that threaten their livelihoods and the global food supply. It has spread to Germany, Poland and now Italy.
- Natural gas increased by more than 20 percent.
- Agriculture is severely harmed by drought.
September 2022
- Russia’s natural gas giant Gazprom: “We stopped gas deliveries to ENGIE in July due to insufficient payments for gas supplies. We will continue to do so from September 1 until all payments are completed.
- Fertilizer shortages in agriculture. Fertilizer producers are in a gas crisis: Yara is almost at a standstill. Yara has reduced ammonia production in Europe to just a third of possible capacity.
- European gas prices have reached a new high of 310 euros per megawatt hour. Gas prices in Europe are now more than ten times the long-term average for the season.
- On Wednesday 24 August, a spokesperson for SKW nitrogen works Piesteritz, one of Germany’s largest fertilizer producers, announced that all production at the company had to be stopped.
- Economists are already expecting double-digit inflation rates and an increasingly severe recession in the fall.
- A severe heat wave is gaining momentum in the United States. Temperature records are expected to be broken for September.
October 2022
- Metaverse-1 in Agriculture!
- Is the world moving from an age of plenty to an age of scarcity in agriculture?
- Central banks have aggressively raised interest rates in recent months to slow high inflation. While these policies aim to cool the economy, they also increase the risk of recession
- Low levels of the Mississippi River are affecting farmers!!!
November-December 2022
- Black Sea Grain Initiative! An agreement has been reached again in the Black Sea. This agreement has a negative impact on US wheat and corn exports. Corn and wheat prices in Ukraine are much lower than in the US. This makes the US less competitive in the global market.
- The fertilizer problem has become a crisis in agriculture sector
- Food prices are not falling.
We wish that the New Year brings health, peace and happiness to everyone.
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