Trade

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.”

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.”

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.”

Thomas Grove reported in today’s Wall Street Journal that, “The wheat on Pavlo Sergienko’s 7,400-acre farm is ready to harvest.”

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.”

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.”

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.”

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.”

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.”

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.”

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.”

Wall Street Journal writer Jared Malsin reported yesterday that, “Russian and Turkish officials ended talks Wednesday without a significant breakthrough toward creating a sea lane to export grain from Ukraine across the Black Sea as a part of a United Nations-backed effort to address a global food crisis.”

Wall Street Journal writer Jared Malsin reported today that, “Russian Foreign Minister Sergei Lavrov began talks with Turkish officials on Wednesday toward a possible deal to create a sea lane to export grain from Ukraine as a part of a United Nations-backed effort to address a global food crisis.”

Reuters writers Simon Lewis and Daphne Psaledakis reported yesterday that, “U.S. Secretary of State Antony Blinken said on Monday there are ‘credible reports’ that Russia is ‘pilfering’ Ukraine’s grain exports to sell for profit.”

Declan Walsh and Valerie Hopkins reported on the front page of today’s New York Times that, “Russia has bombed, blockaded and plundered the grain production capacity of Ukraine, which accounts for one-tenth of global wheat exports, resulting in dire forecasts of increased hunger and of spiking food prices around the world.”

Financial Times writer Max Seddon reported today that, “Ukraine has warned that the world faces a critical food shortage unless Russia lifts its Black Sea port blockade, as improvements to other transport options would only enable it to deliver a fraction of its total grain stockpile. “Oleksandr Kubrakov, Ukraine’s infrastructure minister, told the Financial Times […]

Andrew Higgins and Erika Solomon reported in yesterday’s New York Times that, “The Baltic Sea port has silos to store plenty of grain, railway lines to transport it there from Ukraine, where it has been trapped by the war, and a deep harbor ready for ships that can take it to Egypt, Yemen and other countries in desperate need of food.”

William Mauldin, Jared Malsin and Evan Gershkovich reported in today’s Wall Street Journal that, “An effort to ship grain stranded by the Russia-Ukraine war showed progress Wednesday, as a top Russian official blessed Turkey’s role in removing mines from the Black Sea and a top U.S. official said Washington was working to keep sanctions from blocking Russia’s exports.”

Reuters writer Michelle Nichols reported yesterday that, “A senior U.N. official had “constructive discussions” in Moscow with Russian First Deputy Prime Minister Andrei Belousov on facilitating Russian grain and fertilizer exports to global markets, U.N. spokesman Stephane Dujarric said on Tuesday.”

Financial Times writers Polina Ivanova, Leila Abboud and Max Seddon reported late last week that, “European leaders have stepped up diplomatic efforts to loosen Russia’s hold on Ukraine’s grain supplies as Kyiv’s prospects in the eastern Donbas region worsen and the risk of a global food crisis mounts.”