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

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  • 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.

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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.


h/t FudgeMcFearsome


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