New York Times writer Matina Stevis-Gridneff reported today that, “Russian and Ukrainian negotiators are scheduled to meet Wednesday in Istanbul, in the increasingly desperate effort to release huge amounts of grain from Ukraine’s ports and ship it to a world facing rising hunger.”
Farm Policy News
Russia, Ukraine, Turkey and UN to Hold Talks on Grain Exports Wednesday, While Russia Expecting “Massive” Wheat Crop
Reuters writer Max Hunder reported yesterday that, “Ukrainian President Volodymyr Zelenskiy said on Monday he had held talks with Turkish leader Tayyip Erdogan on the need to unblock Ukraine’s ports and resume its grain exports.”
Russia’s War Contributes to Worst Hunger Emergency Since 1960s, While Moscow Says Ukraine Grain Export Talks on the Table
Gabriele Steinhauser reported in today’s Wall Street Journal that, “The worst hunger emergency in a half-century is afflicting Somalia and some of the world’s other poorest countries, where the effects of drawn-out conflicts and increasingly extreme weather are being exacerbated by the economic disruptions from Russia’s invasion of Ukraine and the coronavirus pandemic.”
Food Prices Fall for Third Consecutive Month, But Remain Very High
Reuters News reported today that, “World food prices fell for a third consecutive month in June, but remained close to record high levels set in March, the United Nations’ food agency said on Friday.”
Doubts Persist on Black Sea Grain Export Breakthrough, As Food Inflation Fears Ease- But 10% of World Population Faces Hunger
Bloomberg writer Volodymyr Verbyany reported yesterday that, “Ukraine’s top diplomat cast doubt on a near-term breakthrough in talks to unblock crop exports from the war-ravaged nation’s Black Sea ports, as fears of a global hunger crisis intensify.”
Ukraine in Talks with Turkey, UN on Securing Grain Exports, as Port Damage Persists, and Ukraine Harvest Continues
Reuters writer Ronald Popeski reported yesterday that, “Ukraine is holding talks with Turkey and the United Nations to secure guarantees for grain exports from Ukrainian ports, President Volodymyr Zelenskiy said on Monday.”
Wheat, Corn Prices Tempered- Easing Global Food Cost Concerns
Yusuf Khan and Will Horner reported in today’s Wall Street Journal that, “Fine farm weather and a rush of Russian grain ships through the Black Sea have taken the sting out of global wheat prices, a welcome sign for vulnerable countries struggling with surging food costs.”
Grain Markets at a “Pivot Point,” Global Food Security Could “Take Years” to Return, as War and Weather Hurt Supplies
Bloomberg writers Kim Chipman, Eleanor Song, and Tarso Veloso Ribeiro reported yesterday that, “Global grain markets are at a pivot point, with prices finally starting to ease after a dizzying surge earlier this year.”
Policymakers Ponder Russian Sanctions that Minimize Food Inflation, as Some See Improving Ag Supply Outlook, Lower Prices
Alan Rappeport reported in today’s New York Times that, “As the United States and Europe contemplate their next rounds of sanctions to starve Russia of the revenue that is funding its war, there is growing concern that the fallout is fueling an alarming hunger problem around the world that will not easily be reversed.”
Diplomats Address Deepening Food Crisis, While Romanian Agriculture in Focus; Egypt Trims Wheat Imports
Missy Ryan reported in Saturday’s Washington Post that, “Top diplomats urged swift global action on Friday in the face of a mounting food crisis, as the war in Ukraine worsens conditions that have pushed millions of people into hunger.”
Ukrainian Farmers “Feeling the Heat” of Fighting as Harvest Begins
Thomas Grove reported in today’s Wall Street Journal that, “The wheat on Pavlo Sergienko’s 7,400-acre farm is ready to harvest.”
Russian Forces Targeted Two North American-Owned Grain Terminals in Ukraine
Alistair MacDonald, Bojan Pancevski and Drew Hinshaw reported in today’s Wall Street Journal that, “Russian forces targeted at least two large North American-owned grain terminals in the Ukrainian port of Mykolaiv on Wednesday, as part of what Kyiv and Western governments say is a campaign to degrade Ukraine’s ability to export food.”
Fertilizer Inventories Climb, Wholesale Prices Declining
Bloomberg writers Tarso Veloso Ribeiro and Elizabeth Elkin reported late last week that, “The fertilizer shortage that threw the agricultural sector into disarray and pushed food costs higher globally may be fading.”
Ukraine Grain Harvest Begins, Farmers Running Out of Storage Options
Bloomberg writers Megan Durisin and Volodymyr Verbyany reported on Friday that, “From a dramatic loss of export revenue to mine-riddled fields and exploding machinery, Russia’s invasion has taken a massive toll on Ukraine’s agriculture sector.”
UN Negotiations on Ukraine Grain Exports Struggling to Make Progress
Reuters writers Tuvan Gumrukcu and Michelle Nichols reported yesterday that, “Russia on Wednesday said it has offered ‘safe passage’ for Ukraine grain shipments from Black Sea ports but is not responsible for establishing the corridors and Turkey suggested that ships could be guided around sea mines.”
President Biden Highlights “Temporary Silos” to Help Export Ukraine Grain
Reuters writer Michelle Nichols reported yesterday that, “U.S. President Joe Biden said on Tuesday that temporary silos would be built along the border with Ukraine in a bid to help export more grain and address a growing global food crisis.”
Under Russian Fire, Ukraine Farmers Face Harvest Scramble
Reuters writer Conor Humphries reported today that, “As 10-metre high mounds of sunflower meal smoulder among the blackened ruins of one of Ukraine’s top agricultural terminals, farmers in this front-line region are scrambling to survive a harvest under Russian fire.”
In Southern Odesa, Ukrainian Grain Harvest Begins, While USDA Increases Ukraine’s Corn Production Estimate From Last Month
Reuters writer Pavel Polityuk reported today that, “Farmers of Ukrainian southern Odesa region have started the 2022 grain harvest taking advantage of favourable weather, regional officials said late on Sunday.”
Food, Gas Prices Soar, While Fertilizer Prices Show Signs of Moderating
Washington Post writer Rachel Siegel reported on the front page of Saturday’s paper that, “Inflation in May reached a new pandemic-era peak of 8.6 percent compared with a year earlier, with soaring energy, housing and food prices driving up costs at the fastest pace in 40 years.”
Amid Production Concerns, Food Import Costs Heading For Record, While Export Ban Worries Persist
Yusuf Khan reported in today’s Wall Street Journal that, “The European Union faces a disappointing wheat harvest this year, dimming hopes that one of the world’s biggest producers might help fill a widening global grain gap left by the war in Ukraine.”