News about International trade

The analytical center Sovecon has adjusted its forecast for wheat exports in the season 2025/26. The forecast for the current season (ending June 30, 2026) has been reduced by 0.6 million tons – 46.8 million tons. Prior to this, the experts of the center twice – in March and April – revised their forecast for the outgoing season upwards.

Ukraine has resumed exporting urea to Europe for the first time in a long time. Last week, 12,000 tonnes of this nitrogen fertilizer were shipped from the Ukrainian port of Chernomorsk to Italy.

Brussels intends to include Rosneft and Lukoil in the 21st package of sanctions against Russia, which the EU countries expect to agree on by the end of next week.

For the first time after 2022, German businessmen are again officially participating in the St. Petersburg International Economic Forum (SPIEF-26). The relevant information is contained in the program of the event.

Norway may return to the issue of joining the EU. The country’s authorities recognize that the changed global environment and the EU’s growing trade influence are forcing Oslo to reconsider its previous approaches to relations with Brussels.

According to a major Russian mineral fertilizer producer, the European Commission extended the measure, but did not prove that dumping by this company’s structures would continue after its cancellation.

Iraq’s Oil Ministry announced the discovery of a major oil field in the southern province of Najaf, near the border with Saudi Arabia.

German businesses that continue to operate in Russia are mostly in favor of resuming purchases of Russian oil and gas.

The Ukrainian Grain Association (UZA) forecasts the harvest of grain and oilseed crops in 2026 at the level of 83.6 million tons. The UZA’s estimate for 2025 is 80 million tons of these products.

Armenian Prime Minister Nikol Pashinyan said that at this stage there are no grounds for holding a referendum in Armenia on the choice between the European Union and the Eurasian Economic Union.

Since May 25, it has become mandatory for cargo ships passing through the Sulinsky Canal to the ports of Ukraine and Moldova to issue a transit declaration T1.

China and the United States are at the center of global trade flows – they dominate both purchases and shipments of goods around the world. Together with Germany, these countries account for a huge share of global trade in goods.

The Polish Inspectorate for the Quality of Agricultural and Food Products (IJHARS) reported on Facebook that it had blocked the import of 63 tons of green coffee from Brazil into Poland. Publications by French and Polish politicians linking this fact to the EU-Mercosur deal are not correct. Green (unroasted) coffee has entered the European market duty-free before. However, the “wave of negativity” quite adequately once again reflected the attitude of a certain part of the European society to this deal.

The six largest economies of the European Union have called for speeding up the implementation of the Capital Markets Union by sending a letter to the European Commission. It was signed by Germany, France, Spain, Italy, Poland and the Netherlands, known as the E6.

A partial opening of the Strait of Hormuz may be imminent. But has a long-term solution to the conflict in the region become more likely?

World vegetable oil production in the 2026/27 marketing season will reach 244.1 million tons. This is about 6.8 million tons more than in the current season. The global supply of this commodity will fully meet the projected demand for it (237.6 million tons).

The Republic of Moldova takes another step towards European economic integration. The Ministry of Economic Development and Digitalization and the Swedish National Board of Trade (NBT) signed a Memorandum of Cooperation for the period 2026-2028.

Bitcoin rebounded to levels near $74,000 on Friday after falling to a near seven-week low in the previous session. Reports that the U.S. and Iran are close to extending a ceasefire agreement helped improve appetite for riskier assets.

Moldova’s integration into the European value chains in the security and defense industry was one of the main topics of the working visit to Brussels by Deputy Prime Minister, Minister of Economic Development and Digitalization Eugeniu Osmochescu and State Secretary Cristina Ceban.

Precipitation in late May – early June, especially prolonged precipitation, may significantly reduce the already pessimistic forecast for this year’s cherry crop. The bulk of production during this period is the so-called “farm cherries”: local early maturing varieties, small caliber, sold exclusively on the domestic market of Moldova.