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.

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.

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

 

h/t FudgeMcFearsome