Countries starting to pile up banning exports in what has been called the biggest supply shock to global grain markets

Sharing is Caring!
  • Palm oil prices soar as Indonesia curbs exports
  • Ukraine bans wide range of agricultural exports
  • Serbia bans exports of wheat, corn, flour and cooking oil
  • Yara curtails fertiliser output in Italy and France

LONDON, March 9 (Reuters) – A global food crisis sparked by Russia’s invasion of Ukraine escalated on Wednesday as Indonesia tightened curbs on palm oil exports, adding to a growing list of key producing countries seeking to keep vital food supplies within their borders.

See also  The UK is One of the Most Politically Repressive Countries in the World

The conflict in Ukraine is threatening global grain production, the supply of edible oils and fertiliser exports, sending basic commodity prices rocketing and mirroring the crisis in energy markets.

www.reuters.com/world/food-crisis-grows-spiralling-prices-spark-export-bans-2022-03-09/

 

h/t FudgeMcFearsome

Help Support Independent Media, Please Donate or Subscribe:
Trending:
See also  It's Official! Zelenzkyy Signs Law This Weekend Banning Opposition Parties and Seizing Their Property

Views: 5

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.