Russia’s exit from a breakthrough deal that allowed Ukraine to export grain safely from its seaports via the Black Sea could drive global grain prices up by 10%-15%, the International Monetary Fund (IMF) warned Tuesday but said it was continuing to assess the situation. The Black Sea grain deal had …
Read More »FAO: GLOBAL FOOD IMPORT BILL TO JUMP TO RECORD 1.9 TRILLION DOLLARS!
Global spending on food imports is expected to reach a record $1.94 trillion in 2022, the UN’s Food and Agriculture Organization warned on Nov. 11, a 10 percent jump compared to the previous year due to rising prices. The new forecast would mark “an all-time high”, and is due to the depreciating values …
Read More »US: ISTANBUL GRAIN AGREEMENT BRINGS DOWN GLOBAL FOOD PRICES
US says Russia has exacerbated global food security crisis… ISTANBUL The US said late Thursday that the historic Istanbul grain agreement for safe exports from Ukrainian ports brought down global food prices by bringing over 2.7 million metric tonnes of grain to world markets. In a press release, the State …
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