Even a moderate increase in food inflation tends to anger voters and provides easy ammunition to opposition parties
NEW DELHI/MUMBAI, India (Reuters) — Indian officials are considering a raft of measures to boost domestic wheat supplies and cool local prices that surged earlier this month to their highest level in six months. Last year, India banned wheat exports after a sharp, sudden rise in temperatures clipped output, even as export demand picked up […] Read moreTag Archives Ukraine war — page 4
Ukraine claims ship holds stolen grain
BEIRUT, Lebanon (Reuters) — Ukrainian officials asked Lebanon on Aug. 24 to bar a Syrian state-owned cargo ship carrying allegedly stolen Ukrainian grain from docking in Lebanon’s Tripoli port, according to the Ukrainian embassy. The Ukrainian mission said in comments to Reuters that the Finikia was transporting 6,000 tonnes of corn, which it considered stolen, […] Read more
Murky outlook for 2023-24 grain market
As the northern hemisphere’s crops pour into bins and terminals, they’re heading into a global grain market and general economic conditions that create a murky picture for the next few months. Some situations are disruptive but familiar dynamics, while others are new phenomena that nobody can easily assess. Underlying many is the impact of inflationary […] Read more
War is an expensive enterprise both on and off the battlefield
When asked to describe war, Union General William T. Sherman noted that “war is cruelty, and you cannot refine it.” Later, in a speech, Sherman did refine his easily forgettable dictum to the much shorter, impossible-to-forget, “war is hell.” Others thought war to be “politics by other means,” (Clausewitz) or “a wanton waste of projectiles,” […] Read more
Mosaic misses quarterly profit estimates on weak prices
(Reuters) — Fertilizer supplier Mosaic missed Wall Street estimates for quarterly profit on Aug. 1 as a decline in fertilizer prices dented its margins. Fertilizer prices continued their decline during the quarter, pressured by higher supplies as exports from top suppliers Belarus and Russia resumed, while the cost of key input materials such as natural […] Read more
Power cuts a problem in Ukraine
DES MOINES, Iowa — Like most farmers at the World Pork Expo, Yaroslav Bondar was there to pick up the newest ideas about hog production. But unlike most producers there, he’d been trying to manage tens of thousands of feeder pigs while cruise missiles slammed into nearby power plants and threw his barns into darkness […] Read more
Chickpeas face Russian headwinds
Producers in Russia are expected to grow a big kabuli crop this year, which will likely lower prices for Canadian farmers
Canada will face stiff competition from Russia in kabuli chickpea markets in 2023-24, according to a panel of experts. Russian growers are expected to harvest 501,000 tonnes of the crop, up from 434,000 tonnes last year and 324,000 tonnes two years ago. Russia grows small-calibre chickpeas that compete with Canadian product in overseas markets. “With […] Read more
Grain corridor closure would affect crop prices
Russia cancels deal allowing Ukraine to ship grain through Black Sea, which will likely reduce supply of three major crops
Russia is pulling out of the Black Sea Grain Initiative and that could have a profound impact on three crops Canadian farmers grow, says an analyst. A total of 32.9 million tonnes of Ukrainian grain have flowed to markets around the world through the United Nations brokered deal, including nine million tonnes of wheat and […] Read more
Weather problems start to trim global crop expectations
Record American soybean and corn crops are still in the official forecast but too much of the North American plains remains dry or in drought to allow crop markets to relax. A large part of the Canadian Prairies is in drought, threatening canola, durum, spring wheat and other crops. In the United States, July has […] Read more
Grain corridor closure would affect crop prices
Russia is pulling out of the Black Sea Grain Initiative and that could have a profound impact on three crops Canadian farmers grow, says an analyst. A total of 32.9 million tonnes of Ukrainian grain have flowed to markets around the world through the United Nations brokered deal, including nine million tonnes of wheat and […] Read more
