Global News

Bulgaria has plans to bolster its grain reserves and buy enough grain from local producers to ensure domestic needs for a year ahead as it weighs in risks from Russia’s invasion of Ukraine and volatility of grain markets, its deputy premier said. Grain producers in the Black Sea country said …

Tahir Büyükhelvacıgil: The inability to import from these countries due to the Russia-Ukraine war caused concern in the oil industry. Stating that ships to import raw materials from both countries could not come to Turkey during the war, Tahir Büyükhelvacıgil, Chair of the Vegetable Oil Industrialists’ Association (BYSD), said, “Price …

Just over a week into Russia’s invasion of Ukraine, the fallout of the war and unprecedented sanctions on Moscow are shaking global supply chains and financial markets, with the impact already being felt in Africa. With Russia a major producer of commodities including oil and wheat, sanctions and supply chain disruption are causing commodity …

Wheat price reaches $444 per ton after fire breaks out at nuclear plant amid clashes between Ukrainian, Russian forces… ISTANBUL… Following nuclear fears related to the fire that broke out in Ukraine’s Zaporizhzhia Nuclear Power Plant amid clashes with Russia, wheat prices neared the level of $500 per ton in …

FAO food price index jumps 24.1% from last year… World food prices reached an all-time high in February, the Food and Agriculture Organization (FAO) said in a statement Friday. FAO said its food price index averaged 140.7 points in February, up 3.9% from January — a significant increase of 24.1% …

With some farmers leaving Ukraine and farm staff fighting for their country there are fears the Russian invasion will significantly hurt this year’s Ukrainian harvest. As Russian troops advance to most areas of the country farmers are unsure if they can start seeding spring crops in March to get this …

Organic farming areas are expanding in the EU… The share of organic farming lands approached 10%… The share of organic farming areas in the total agricultural areas in European Union countries has approached 10%. According to Eurostat data, the European statistical administration, the size of organic farming areas in the …

The war in Ukraine is threatening further disruption to already stretched supply chains. Ukraine and Russia may only account for a small proportion of the imports of major manufacturing nations like Germany and the US, but they are essential suppliers of raw materials and energy for many crucial supply chains. Global food prices already rose sharply during …

Wheat prices rose dramatically to over $300 on Thursday after Russia officially launched an all-out invasion of Ukraine by land, air and sea. Futures contracts for March in the United States market for the price of wheat per ton reached around $308, up from $280 on Wednesday. With the intervention, …