Russia
Food insecurity rises 10 percent in low- and middle-income countries
Nearly one-third of the people in 77 low- and middle-income countries are food insecure, meaning they lack consistent access to enough food for a healthy and active lifestyle, said an annual USDA report. The 9.8-percent increase to 1.3 billion people this year included 41.7 million affected by higher food, fuel and fertilizer costs attributed to Russia's invasion of Ukraine.
High input prices imperil 2023 crops in Ukraine
Ukrainian farmers may reduce plantings of wheat and other crops for harvest in 2023 because warfare has reduced their income at the same time they face high fuel and fertilizer costs, said two IFPRI analysts during a briefing on Tuesday. A small crop in Ukraine, usually a leading wheat and sunflower oil exporter, could prolong tight global supplies that have driven up grain prices worldwide.
Rebound seen in wheat and corn exports from Ukraine
Russia will set a record for wheat exports during the current marketing year while Ukraine rebuilds its grain shipments, aided by the recent international agreement to end a blockade of its Black Sea ports, said USDA analysts. Bayer, the world's largest seed and ag chemical company, said on Monday that it would help rebuild Ukraine's agricultural system but also would continue to sell crop inputs in Russia, the instigator of war with Ukraine.
U.S. trade commission rejects fertilizer duties
The U.S. International Trade Commission on Monday voted to reject steep duties on ammonium nitrate fertilizers from Trinidad and Tobago and Russia, going against a recommendation for tariffs from the Commerce Department.
House committee votes to ban sale of U.S. farmland to Russia and China
Companies from Russia, China, North Korea, and Iran would be barred from purchasing U.S. agricultural land under language approved by the House Appropriations Committee on Thursday.
As heat wave scorches India, global wheat outlook tightens
The world wheat crop is trending downward, due to a brutal heat wave in India and dry weather in Spain and France, said the Agriculture Department in its monthly WASDE report. Although Russia is expected to sharply increase its exports, more than 12 million tonnes of wheat would be liquidated from global stockpiles over the next year in the face of unrelenting demand for food.
Boom in commodity prices more likely to be transitory than permanent
Electrified by Russia's invasion of Ukraine, commodity prices are sky high, with soybean futures topping $16.80 a bushel and the USDA forecasting the highest-ever farm-gate price for wheat. But high prices for corn, wheat and soybeans are far more likely to revert to their long-term averages than mark the dawn of a new era of permanently higher prices, said five university economists on Tuesday.
Record U.S. farm exports amid global turmoil
The United States will export a record $191 billion worth of agricultural products this fiscal year as the world scrambles to replace the corn, wheat, and vegetable oil it would normally get from Russia and Ukraine, said the Agriculture Department on Thursday. It would be the second year in a row of record-high farm exports.
Russian wheat booms, while world draws down stockpiles
U.S. cuts red tape to increase food production, fill Ukraine gap, says Biden
Jeff O’Connor gave President Biden a firsthand introduction to double-cropping on his 800-acre Illinois farm on Wednesday and agreed with the president that America can help fill the gap in global food supplies created by the war in Ukraine. “We have the ability to raise two crops in one growing season while simultaneously providing conservation benefits,” said O’Connor. “The farming community stands ready to maximize production, which we do so well, in this time of world need.”
War drives UN food index to highest level ever
The UN index of food prices, already at a record high, rose by 12.5 percent in reaction to Russia's invasion of Ukraine, with world wheat prices soaring nearly 20 percent, said the Food and Agriculture Organization. Wheat prices were so high, said USDA analysts in a separate report, that consumers in sub-Saharan Africa may find it cheaper to eat rice, ordinarily the more expensive staple grain.
War in Ukraine may trigger severe world food crisis — USAID
The Biden administration is preparing to tap an emergency food aid fund because of the ripple effects of the Russian invasion of Ukraine on hunger in Africa and the Middle East, a U.S. Agency for International Development official told lawmakers on Wednesday. Hunger and poverty could exceed the global food price crisis of 2007-08, said Sarah Charles of USAID.
Vilsack sees ‘no significant’ gains from opening Conservation Reserve
The United States stands ready to provide food aid overseas if it is needed in the wake of Russia’s invasion of Ukraine, said Agriculture Secretary Tom Vilsack in a letter to grain merchandisers. At the same time, the letter closed the door to suggestions for the emergency planting of crops on land enrolled in the Conservation Reserve, saying it would be impractical.
U.S. farmers pursue soybean profits, shrug at tight wheat stocks
American farmers say they will plant more soybeans — a record 91 million acres — and less corn and spring wheat despite tight global wheat supplies that have been compounded by the Russian invasion of Ukraine. Russia and Ukraine are two of the world’s largest wheat exporters, and Ukraine is a leading corn supplier.
To avert food shortage, U.S. and allies will boost food aid and grow more
Global food shortages are a real possibility as a result of the Russian invasion of Ukraine, President Biden told reporters while meeting with allies in Brussels on Thursday. Western leaders, including European Commission President Ursula von der Leyen, joined Biden in saying they would step up their hunger-relief programs and encourage their farmers to grow more food.
Europe to till fallow land to offset food shortages from war in Ukraine
Responding to the Russian invasion of Ukraine, the European Commission approved a $550 million aid package for its farmers on Wednesday and said they could grow food and feed crops on fallowed land without losing any of their so-called greening payments.
Brazil may feel fertilizer pinch more than U.S.
U.S. farmers face sky-high fertilizer prices as the spring planting season approaches, but their supply may be more assured than that of Brazil growers in the wake of economic sanctions on Russia, said three university economists. Brazil imports 85 percent of its fertilizer, with Russia ordinarily supplying one-fifth of it.
High global wheat prices through 2023 — IFPRI analysts
There are no overnight replacements for Ukraine and Russia in global wheat production, said five IFPRI analysts on Monday. "Even under the most optimistic assumptions, global wheat prices will remain high throughout 2022 and the trend is likely to persist through 2023, given limits on expanding production."