Forwarded from Ice Age Farmer
Forwarded from Ice Age Farmer
BREAKING: Ports close in Ukraine, and just like that, grain exports to much of the world stop:
Ukraine's military has suspended commercial shipping at its ports after Russian forces invaded the country, an adviser to the Ukrainian president's chief of staff said, stoking fear of supply disruption from the leading grain and oilseeds exporters.
Russia earlier suspended the movement of commercial vessels in the Azov Sea until further notice, but kept Russian ports in the Black Sea open for navigation, its officials and five grain industry sources said on Thursday.
Ukraine is a major exporter of corn (maize), much of it destined for China and the European Union. It also competes with Russia to supply wheat to major buyers such as Egypt and Turkey.
#wheat #ukraine
https://www.reuters.com/world/europe/russia-halts-vessel-movement-azov-sea-black-sea-open-2022-02-24/
Ukraine's military has suspended commercial shipping at its ports after Russian forces invaded the country, an adviser to the Ukrainian president's chief of staff said, stoking fear of supply disruption from the leading grain and oilseeds exporters.
Russia earlier suspended the movement of commercial vessels in the Azov Sea until further notice, but kept Russian ports in the Black Sea open for navigation, its officials and five grain industry sources said on Thursday.
Ukraine is a major exporter of corn (maize), much of it destined for China and the European Union. It also competes with Russia to supply wheat to major buyers such as Egypt and Turkey.
#wheat #ukraine
https://www.reuters.com/world/europe/russia-halts-vessel-movement-azov-sea-black-sea-open-2022-02-24/
Reuters
Ukraine shuts ports as conflict threatens grain supplies
Ukraine's military has suspended commercial shipping at its ports after Russian forces invaded the country, an adviser to the Ukrainian president's chief of staff said, stoking fear of supply disruption from leading grain and oilseeds exporters.
Forwarded from Ice Age Farmer
Wheat prices soar as 1/3rd of the world’s wheat exports come from Ukraine/Russia --
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Wheat futures prices were up sharply Thursday on the prospect of disrupted supplies and market breakdowns as two of the world’s biggest grain exporters square off.
Between them, Ukraine and Russia account for nearly a third of the world’s wheat exports, according to the U.S. Department of Agriculture, and Kyiv is a major source of grain for such key markets as China, Egypt and much of the Middle East.
#Wheat
https://www.washingtontimes.com/news/2022/feb/24/wheat-prices-soar-exporting-giants-ukraine-russia-/
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Wheat futures prices were up sharply Thursday on the prospect of disrupted supplies and market breakdowns as two of the world’s biggest grain exporters square off.
Between them, Ukraine and Russia account for nearly a third of the world’s wheat exports, according to the U.S. Department of Agriculture, and Kyiv is a major source of grain for such key markets as China, Egypt and much of the Middle East.
#Wheat
https://www.washingtontimes.com/news/2022/feb/24/wheat-prices-soar-exporting-giants-ukraine-russia-/
The Washington Times
Wheat prices soar as exporting giants Ukraine, Russia clash
Energy and stock market traders are not the only ones watching Russia’s invasion of Ukraine with mounting alarm.
Forwarded from Ice Age Farmer
China announces “We are more than happy to buy Russia’s wheat.” Bear in mind they already have more than half of the world’s stocks, and are now reinforcing their own food security by cozying up to Russia.
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On Thursday, China’s customs agency approved imports of wheat from all regions of Russia, giving Putin an alternative to Western markets that might be closed under possible sanctions.
Russia is one of the world’s biggest wheat producers but has been shut out of China until now due to concern about possible fungus and other contamination.
The two governments announced an agreement Feb. 8 for China to import Russian wheat and barley after Putin became the highest-profile foreign guest to attend the Beijing Winter Olympics.
#Wheat #China #Russia
https://apnews.com/article/russia-ukraine-europe-russia-china-beijing-c73b5249d313d661ce1836911b1dbc45
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On Thursday, China’s customs agency approved imports of wheat from all regions of Russia, giving Putin an alternative to Western markets that might be closed under possible sanctions.
Russia is one of the world’s biggest wheat producers but has been shut out of China until now due to concern about possible fungus and other contamination.
The two governments announced an agreement Feb. 8 for China to import Russian wheat and barley after Putin became the highest-profile foreign guest to attend the Beijing Winter Olympics.
#Wheat #China #Russia
https://apnews.com/article/russia-ukraine-europe-russia-china-beijing-c73b5249d313d661ce1836911b1dbc45
AP News
China calls for talks on Ukraine, OKs Russian wheat imports
China has called for talks to resolve the Ukraine crisis and avoided criticizing President Vladimir Putin’s attack.
Forwarded from Ice Age Farmer
Forwarded from Ice Age Farmer
Drought in the wheat growing areas of USA has latest USDA Winter Wheat crop condition estimates at worst in 10 years. China also claims their wheat is the worst on record. Ukraine/Russia not exporting.
Hard Red Winter wheat is nearly half of the overall US wheat production.
Multiple breadbasket failure.
#Wheat #FoodShortages #FoodPrices #GrandSolarMinimum
https://agfax.com/2022/04/04/1st-seasonal-crop-progress-report-shows-lowest-winter-wheat-condition-in-a-decade-dtn/
Hard Red Winter wheat is nearly half of the overall US wheat production.
Multiple breadbasket failure.
#Wheat #FoodShortages #FoodPrices #GrandSolarMinimum
https://agfax.com/2022/04/04/1st-seasonal-crop-progress-report-shows-lowest-winter-wheat-condition-in-a-decade-dtn/
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