The struggle against inflation is much more complex now because of Russia’s war on Ukraine, and central banks and governments will need a deft hand on the controls to avoid pushing world economies into recession. Before the invasion, central banks in the United States, Canada, the European Union and other western countries were ending their […] Read more
Tag Archives Ukraine war — page 18
War forces Dutch dairy farmer to flee Ukraine
Kees Huizinga, a large dairy farmer in Ukraine, never envisaged this day would come. When Vladimir Putin’s Russian army started a war with Ukraine, the entire world felt the aftershocks. For the past 20 years, Huizinga and his two business partners have run their 37,000-acre farm, called TOV Kischenzi, in the middle of Ukraine in […] Read more
Ukraine’s canola crop in doubt
Most of the agricultural news surrounding the war in Ukraine revolves around wheat and corn, but another important crop could also be affected. Ukraine is the world’s third largest exporter of canola behind Canada and Australia. War has placed the country’s 2022 crop in jeopardy despite it being seeded in the winter before the outbreak […] Read more
Russian commodities at risk
Many headlines have noted the huge impact of Russian and Ukrainian production on world export crop and fertilizer supply. Russian gas and oil exports are high visibility issues for several countries. But Russia is also a critical player in dozens of other commodities, all of which face shortages of Russian supply as Black Sea exports […] Read more
Russian grain exports boom despite invasion
Russia is shipping wheat like gangbusters despite many reports to the contrary. North American grain analysts indicate Russia’s exports have essentially been shut down by the war in Ukraine. They say shipping lines are no longer servicing Russian ports and insurance costs have climbed so high that it is not economically feasible for the world’s […] Read more
G7 ag ministers condemn invasion of Ukraine
The G7 agriculture ministers, along with the agriculture commissioner for the European Union, the Ukrainian minister and several international food and agricultural organizations, today condemned the Russian invasion of Ukraine. “We are all appalled by and condemn the large-scale aggression by the Russian Federation against the territorial integrity, sovereignty and independence of Ukraine, enabled by […] Read more
Russian gas export ban could see big fertilizer price hike
Russia’s ban on fertilizer exports is prolonging the bull run in that market but there is one more step that could cause a stampede, says an analyst. Russia’s industry minister Denis Manturov announced March 10 that the country is temporarily suspending exports of fertilizer products. StoneX fertilizer analyst Josh Linville said the market was already […] Read more
Invasion of Ukraine increases possibility of stagflation
Russian president Vladimir Putin shocked most of the world when he launched a military assault on Ukraine. He also shocked commodity and financial markets, which are racing to catch up with the reality that Russia’s invasion of Ukraine is unlikely to be resolved soon. Industries worldwide are facing the prospect that all commodities in which […] Read more
Putin’s disastrous war threatens global food security
Countries that rely on Russian and Ukraine grain to meet a large part of their wheat and corn needs must be feeling nervous about where they will get supply. It’s an immediate concern as Russia’s unprovoked invasion of Ukraine disrupts the latter’s ability to ship and to seed crops and the former’s ability to conduct […] Read more
Foodgrains bank asks for Ukrainian refugee help
Canadian international aid organization part of larger humanitarian mission to assist people displaced by Russian invasion
Humanitarian and non-governmental aid organizations across Canada continued a massive appeal effort this week, seeking monetary donations to help refugees and residents from war-torn Ukraine. In late February, the Canadian Red Cross launched the Ukraine Humanitarian Crisis Appeal, aimed at assisting individuals and families affected by ongoing conflict. Monetary donations to the Red Cross will […] Read more
