Workers unload wheat sacks from a truck at a Punjab Grains Procurement Corp. facility in the Ludhiana district of Punjab, India, on Sunday, May 1, 2022. T. Narayan | Bloomberg | Getty Images India has banned wheat exports, becoming the latest country to do so as the price of grain surged this year due in … Read more
India, the world’s second-biggest wheat producer, has blocked all exports of the grain with immediate effect. Bloomberg | Bloomberg | Getty Images India banned wheat exports with immediate effect on Saturday, just days after saying it was targeting record shipments this year, as a scorching heatwave curtailed output and local prices hit an all-time high … Read more
Restrictions and tariffs imposed by China in two major commodities – fertilizer and pork – have caused prices to surge worldwide. Deng Gang | Visual China Group | Getty Images Russia is guilty of creating a food security crisis and higher energy prices through its war with Ukraine, but China has – under the radar … Read more
Agriculture technology and nuclear stocks are set to benefit as the global economy reels from Russia’s invasion of Ukraine, according to Eric Jackson.
Dale Nething, 86, transfers a load of corn from his truck to a grain silo on his family farm in Ravenna, Ohio, October 11, 2021. Dane Rhys | Reuters The surging price of corn hit another milestone on Monday morning as the cost of global commodities continues to push higher. The contracts for July corn … Read more
The price for wheat, corn and fertilizer has shot higher since the invasion of Ukraine, putting serious pressure on the world’s agricultural system.
Shoppers stroll the aisles of a bazaar in Konya, Turkey. The country is experiencing brutal inflation, with food and non-alcoholic beverage prices rising 70.3% year-over-year for March. Diego Cupolo | Nurphoto | Getty Images For Turks, the humble green plum (“erik” in Turkish) represents the start of spring. An intensely sour fruit, it’s available just … Read more
Global prices for some grains have spiked since the Russia-Ukraine war started, with both countries contributing a significant percentage of the world’s supply for some of those commodities such as wheat. Vincent Mundy | Bloomberg | Getty Images From food prices to tourism and weapons supply, Asia-Pacific countries could be hit hard by the Russia-Ukraine … Read more
Remy Gabalda | AFP | Getty Images A fertilizer shortage has added to growing concerns about the Ukraine war’s impact on the price and scarcity of certain basic foods. Combined, Russia and Belarus had provided about 40% of the world’s exports of potash, according to Morgan Stanley. Russia’s exports were hit by sanctions. Further, in … Read more
Farmer Nancy Caywood stands in what was once an alfalfa field. The land is now fallow after her farm was cut off from accessing water from the San Carlos reservoir. Emma Newburger | CNBC CASA GRANDE, Ariz. – On the drought-stricken land where Pinal County farmers have irrigated crops for thousands of years, Nancy Caywood … Read more