London | Reuters — President Vladimir Putin said Monday that Russia was ready to facilitate the unhindered export of grain from Ukrainian ports in co-ordination with Turkey, according to a Kremlin readout of talks with Turkish President Tayyip Erdogan. Besides the death and devastation sown by Russia’s invasion of Ukraine, the war and the West’s […] Read more
Kremlin says Putin ready to facilitate grain exports via Ukraine ports
Russia says will work with Turkey
U.S. grains: Corn, soybean, wheat futures up ahead of holiday
Wheat gains as U.S. rejects easing sanctions
Chicago | Reuters — Chicago Board of Trade corn and soybean futures rose on Friday, supported by forecasts for rain that could slow the tail end of planting in the U.S. Midwest. Wheat futures also were higher, with traders exiting bearish positions ahead of the U.S. Memorial Day holiday weekend. U.S. markets will be closed […] Read more
Comment: The invasion of Ukraine is causing hunger in a host of countries
Reading Time: 4 minutes Russia’s invasion of Ukraine has produced a terrible humanitarian crisis in eastern Europe. It also is worsening conditions for other countries, many of them thousands of miles away. Together, Russia and Ukraine account for almost 30 per cent of wheat exports, nearly 20 per cent of corn exports and close to 80 per cent of […] Read more
Fertilizer maker Yara says world faces extreme food supply shock
Sanctions cut global fertilizer supply 15 per cent, company says
Davos, Switzerland | Reuters — Norwegian fertilizer giant Yara says donors urgently need to close the U.N.’s $10 billion food programme funding gap to avoid a catastrophe as sanctions on Russian fertilizers and Ukraine’s grain export problems have created an extreme global shock. “The world has realized that food can be a weapon and it […] Read more
U.N. chief in talks on restoring Ukraine grain exports
Contact made amid global food crisis
United Nations | Reuters — U.N. Secretary-General Antonio Guterres said on Wednesday that he is in “intense contact” with Russia, Ukraine, Turkey, the United States and the European Union in an effort to restore Ukrainian grain export as a global food crisis worsens. “I am hopeful, but there is still a way to go,” said […] Read more
U.S. grains: Wheat futures slide on Russian crop exports, U.N. grain talks
Soybeans, corn also pull back on wheat pressure, profit-taking
Chicago | Reuters — U.S. wheat futures fell sharply on Wednesday following a report about United Nations efforts to restore Ukraine grain shipments and as forecasts of ample Russian supplies added to the impact on sentiment of expectations high prices will curb demand. Corn and soybean futures also slid as falling wheat prices led profit-taking, […] Read more
Golden arches to go dark in Russia as McDonald’s exits after 30 years
Russia, Ukraine form nine per cent of chain's revenue
Reuters — McDonald’s Corp. on Monday became one of the biggest global brands to exit Russia, laying out plans to sell all its restaurants after operating in the country for more than 30 years following the invasion of Ukraine. The world’s largest burger chain, which owns about 84 per cent of its nearly 850 restaurants […] Read more
Tightening supplies likely to underpin chickpea market
MarketsFarm — Tightening worldwide chickpea supplies could bode well for prices later this year, although Canadian acres will likely be down and there’s still a long growing season ahead. Canadian farmers intend to seed 175,200 acres of chickpeas in 2022, which would be down 5.5 per cent from the previous year and the smallest acreage […] Read more
India sells record 1.4 million tonnes of wheat in April
Sales surge on unavailability of Black Sea supplies
New Delhi | Reuters — India exported a record 1.4 million tonnes of wheat in April, four trade sources said, providing some relief to grain markets as buyers scramble for alternatives to Black Sea supplies hit hard by the war in Ukraine. April is the first month of the fiscal year. India, the world’s second […] Read more
Trudeau pledges help for Ukraine to find options to export grain
Turkey's co-operation seen as important, Joly says
Kyiv | Reuters — Canada will help Ukraine work out options on how to export stored grain to address global food security that has been shaken by Russia’s invasion of the country, Prime Minister Justin Trudeau said late on Sunday. Nearly 25 million tonnes of grains are stuck in Ukraine, unable to leave the country […] Read more
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