How will this affect food prices in the TRNC

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
06/08/2010 14:54

Russian premier Vladimir Putin has ordered a halt to all exports of

wheat and other grains from August 15, raising the stakes dramatically

in the crisis over wheat supplies. "This is very serious," said

Abdolreza Abbassanian, chief grain economist at the UN Food and

Agriculture Organization. "It's a desperate situation because it has

caught everybody off guard. We're not facing the situation of two years

ago but there is a risk of destabilising panic," the Telegraph reports

TRNCVaughan


Joined: 27/04/2008
Posts: 4578

Message Posted:
06/08/2010 15:06

"We're not facing the situation of two years ago but there is a risk of destabilising panic."



I don't remember the situation 2 years ago, so it can't be that bad......

ilovecyprus


Joined: 08/05/2007
Posts: 2880

Message Posted:
06/08/2010 15:11

I am sure I was reading the other day that wheat production has been sound this year, in fact the UK has increased it's yield by something like 7%. Perhaps I read it wrongly.

dizzycows


Joined: 12/05/2009
Posts: 2736

Message Posted:
06/08/2010 15:19

Russia have had a bad wheat crop so will be keeping most of their crop for home consumption. But the good news is the European crop had been underestimated last month so it looks like a bumper crop there...

Food prices are bound to go up, as a lot of the crop has already been forward bought by countries that have the dosh.....

TRNCVaughan


Joined: 27/04/2008
Posts: 4578

Message Posted:
06/08/2010 15:23

Per head of population, I understand that Turkey is the biggest consumer of bread in the world. This also applies to Yoghurt.

I'm not sure about family sized bottles of Coke, though.

cooper


Joined: 23/10/2007
Posts: 3386

Message Posted:
06/08/2010 19:17

Its no surprise to me, I've been expecting this to crop up !!

cyprusishome


Joined: 31/03/2007
Posts: 2381

Message Posted:
06/08/2010 19:32

Russia are protecting their assets quite correctly because large parts of the country is on fire at the moment.



It would be crass stupidity to sell wheat on the world market when they do not know what damage has been done and is still happening to their crops. Werll done for forward planning Mr Putin.

ilovecyprus


Joined: 08/05/2007
Posts: 2880

Message Posted:
06/08/2010 20:03

You are right Dave. I would encourage Putin to stay open and informative about the impact. He does not want his actions to be viewed purely as an act of protectionism. Russia may be viewed as an unreliable trading partner. Much damage has been done over its oil and gas.

Marisa


Joined: 23/04/2009
Posts: 545

Message Posted:
07/08/2010 06:26

The topic is



How will this affect food prices in the TRNC.



Stick to it.

Groucho



Joined: 26/04/2008
Posts: 7993

Message Posted:
07/08/2010 07:22

I believe that Turkey and Bulgaria (the breadbasket of Europe) produce all the grain they need. The TRNC produces quite a lot of grain on the plain the other side of the mountains.

cyprusishome


Joined: 31/03/2007
Posts: 2381

Message Posted:
07/08/2010 08:08

marisa.



we are analysing the situation to ascertain if there may be any affect in TRNC. Russia has made a decision that probably will not directly cause any impact on TRNC however panic buying on world markets may drive up prices in panic buying.



So far you are the one that has made no input to the debate!!!!!!! Excepting cooper of course that always has his own slant on things!! lol

Groucho



Joined: 26/04/2008
Posts: 7993

Message Posted:
07/08/2010 08:30

Being Russian (as I believe Marisa is) I think you've touched a raw nerve David.



Marisa, what is your view of the Russian grain harvest and its distribution?

deputydawg


Joined: 30/03/2010
Posts: 1727

Message Posted:
07/08/2010 11:14

More cynical than that. Will those who trade in grain, jump on the bandwagon of price increases, even if their business in unaffected by the situation in Russia ?

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
07/08/2010 11:49

Deputydawg - you bet they will.

ilovecyprus


Joined: 08/05/2007
Posts: 2880

Message Posted:
07/08/2010 12:05

Does anybody know how many countries are dependent on Russia for their grain and which countries? Just curious

Marisa


Joined: 23/04/2009
Posts: 545

Message Posted:
07/08/2010 13:37

Groucho



even with this summer situation in Russia-drought -the grain harvest is better than last year(acccording to Putin).



You know Russia is a vast country and if in one part we have a disaster like dought it does not mean it affects the whole country.



I do not think it affects foreign partners as well



but I agree with deputydawg



those who trade in grain can jump on the bandwagon of price increases, even if their business in unaffected by the situation in Russia

ilovecyprus


Joined: 08/05/2007
Posts: 2880

Message Posted:
07/08/2010 14:09

msge 16





"even with this summer situation in Russia-drought -the grain harvest is better than last year(acccording to Putin).



You know Russia is a vast country and if in one part we have a disaster like dought it does not mean it affects the whole country"



Are you saying there are no grain shortages? If there are none, why is Putin halting exports?

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
07/08/2010 14:19

He's obviously stock building for a reason.

MarkVPiazza


Joined: 14/08/2008
Posts: 530

Message Posted:
07/08/2010 14:31

I think Putin likes to try and hype up any commodity Russia has - he did the same when oil was peaking.



Good bit of drama always keeps the peasants occupied, and stops them looking at other things..... (remember bird flu and the financial crisis here?)

deputydawg


Joined: 30/03/2010
Posts: 1727

Message Posted:
07/08/2010 14:34

More cynicism. Grains are an essential ingredient of Vodka and Putin will not export what brings him the popularity votes of the p..sheads !

ROBnJO


Joined: 30/06/2008
Posts: 1289

Message Posted:
07/08/2010 15:04

Are Russia that important as a grain supplier?







Rank Country Grain Production inc. Wheat Maize Barley



(million tonnes)



1. United States 376.6 64.5 295.0 5.1



2. European Union* 290.6 139.0 58.1 61.5



3. China 273.5 112.0 152.0 3.7



4. India 114.3 78.0 18.0 1.3



5. Russia 85.6 51.5 - 18.0



6. Brazil 62.6 5.0 55.0 -



7. Canada 49.0 24.5 9.9 10.5



8. Argentina 42.3 14.0 22.8 1.5