Analysts expect the country’s production of the crop to fall by 35 percent this year and exports to decline by 47 percent
There is one crop that has been largely ignored when it comes to talking about the ramifications of the war in Ukraine. “The barley market is not getting the attention it deserves and I think it’s going to be very firm,” said Neil Townsend, analyst with FarmLink Marketing Solutions. “It’s not getting much play because […] Read moreTag Archives Ukraine war — page 15
Food crisis response must hit the rails
Layered on top of COVID-19 supply chain disruptions and the existing global food crisis, the fallout of the Russian invasion of Ukraine has become a massive threat to global food security. Canada can contribute to averting the worst outcomes, but only if we anticipate the situation and are prepared to work toward meeting the demand. […] Read more
Canada inflation surges more than expected in March, hits 31-year high
OTTAWA, April 20 (Reuters) – Canada’s annual inflation rate accelerated faster than expected in March, hitting a 31-year high amid broad price pressures, official data showed on Wednesday, pointing toward another oversized rate hike from the Bank of Canada in June. The headline rate hit 6.7 percent in March, well above analyst expectations of 6.1 […] Read more
IMF sees inflation higher for longer
WASHINGTON, April 19 (Reuters) – The International Monetary Fund on Tuesday slashed its forecast for global economic growth by nearly a full percentage point, citing Russia’s war in Ukraine, and warning that inflation was now a “clear and present danger” for many countries. The war is expected to slow growth and further increase inflation, the […] Read more
Russian wheat prices rise with active exports
April 18 (Reuters) – Russian wheat export prices rose last week amid active supplies from the country’s Black Sea ports, some supplies from the Azov Sea and higher global prices for wheat in Chicago, analysts said on Monday. “Exports are active, but there are some signs of weakening,” Dmitry Rylko, the head of the IKAR […] Read more
Black Sea damage may be permanent
Importers could decide to find safer suppliers, while sanctions may have long-term effects on how prices are structured
The war in Ukraine could shift global wheat trade patterns for years to come, says an economist. Kenneth Scott Zuckerberg, lead grain economist with CoBank, said the war has been a big wake-up call to wheat-importing countries, especially those in the Middle East and North Africa (MENA) region. Their food security has been threatened by […] Read more
Hope remains for Ukrainian grain export season
Black Sea ports remain closed due to the war, but the country is finding ways to ship carryover crop by river and rail
Ukraine’s 2022-23 crop production is going to be reduced but with ample carryover, the country could have decent volumes to ship, says an analyst from the war-torn country. The Ukrainian government estimates farmers will plant 33.1 million acres of spring crops by April 1, which would be 8.4 million acres fewer than last year. But […] Read more
Russian wheat crop may weigh on market if war ends
Wheat markets are in for a rude awakening when the hostilities in Ukraine come to an end, according to a Black Sea grain analyst. “When there is a ceasefire I think the reversal will be quite substantial,” SovEcon managing director Andrey Sizov said in a recent webinar. He believes world wheat prices should be around […] Read more
Farmers urged to prepare for new world order
Geopolitical observer warns of major consequences from the war in Ukraine as Russia weakens and the EU strengthens
The war in Ukraine will result in a new world order that will have profound implications for every sector of the economy, says an expert in geopolitics. “The world is a crazy place (and) I guarantee you it’s going to get crazier,” Jacob Shapiro, founder of Perch Perspectives, said during a recent FarmLink Marketing Solutions […] Read more
WTO warns against food protectionism trend
World Trade Organization fears an increasing move to restrict food exports will threaten the planet’s poorest importers
The world must resist further food protectionism to ensure that the war in Ukraine doesn’t trigger a global food crisis, pleads the head of the World Trade Organization. Ngozi Okonjo-Iweala, the WTO director-general, acknowledged that “it is natural and appropriate that governments will concentrate on the disruption to their own economies, but we must also […] Read more
