The United Arab Emirates (UAE) has introduced a four-month halt to exports and re-exports of wheat and wheat flour produced in India, state news agency WAM reported on Wednesday, citing the country’s Economy Ministry. The Gulf nation says it is seeking to secure domestic supplies due to interruptions to global …
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Wheat prices have surged to record highs over the past two months as major producers like Russia, Kazakhstan and India scrapped exports to protect their domestic markets. This has sparked fears of food insecurity and hunger around the world. According to experts who spoke to Russia’s Izvestia newspaper, since the …
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The global community needs to prepare for wheat prices rising to $700 per ton this year, a nearly 40% jump from the current $430, the Ukrainian minister of agrarian policy and food, Mykola Solsky, said on Wednesday, as cited by TASS. “Are we ready to pay $500, $600, $700 per …
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Wheat prices surged to a new record high on Monday after India decided to prohibit exports of the commodity as a heatwave hit production. The price climbed to €435 ($453) per ton as the European market opened. Soft red winter wheat for July delivery rose 4.2%. New Delhi said this …
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India has prohibited all exports of wheat with immediate effect, the country’s Ministry of Commerce and Industry announced on Friday. The ministry said the drastic move was necessary due to “a sudden spike in the global prices of wheat arising out of many factors, as a result of which the …
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According to data published by the Federal Customs Service, overall exports of grains totaled 46.8 million tons during the current season, which started in July 2020. The figure marks a year-on-year increase of 10.3%. Foreign sales of barley reportedly grew 38.4% to 6.1 million tons, while exports of corn amounted …
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A recent article on Reuters would have readers believe the current Syrian wheat shortage mainly due to drought. The article makes a passing reference to the crippling Western sanctions choking Syrians, but doesn’t emphasize how those sanctions contribute to the wheat shortage, as well as the fuel shortage, massive hyperinflation, and …
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Buyers of Russian wheat around the world who seek to increase their own stocks amid the pandemic of coronavirus, was not enough supply. About it writes Bloomberg. Russian agriculture Ministry imposed a temporary quota on the export at the end of March. The idea was to export until the end …
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Director-General Food and agriculture organization (Food and Agriculture Organization of the United Nations, or FAO) Chinese qu Donjoy noted that “the supermarket shelves are currently filled, despite the prohibitions imposed by many countries to slow the spread of the virus. However, prolonged pandemic may lead to deformation of the food …
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Ukraine did not sell wheat to Saudi Arabia in 2016, being the main exporter of barley in this country. Thus, the state Agency of the Kingdom provided guidance to exporters of grain to abandon the purchase of wheat and barley in Canada through international tenders. However, analysts believe that this …
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