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Developing world food prices first to fall: U.S. official

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Reuters – Weaker commodities prices will take longer to ease food inflation in the U.S. than in the developing world, according to a July 26 statement from Seth Meyer, chief economist at the U.S. Department of Agriculture. Some of the world’s poorest nations were hardest hit by a spike in corn and wheat prices after
Destroyed areas after the attacks of Russian Armed Forces in the port of Odesa, July 25, 2022. The Kremlin assured that the attacks against the port of the Ukrainian city of Odessa should not affect the export of grain, after an agreement was reached between Moscow and Kyiv on July 22, 2022.
Comment, Op/Ed, Other

Comment: Black Sea grain deal exposes Moscow’s long-term diplomatic game

UKRAINE: The deal is critical for relieving an international food crisis

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The deal to open up Ukraine’s Black Sea ports, brokered by the United Nations and Turkey, is expected to facilitate export of several millions tonnes of grain and potentially ease an international food crisis. However, less than a day after the deal was signed, Russia undermined international confidence with missile strikes on the port of
Poor Syrian wheat outlook adds to food worries 
Markets, News

Poor Syrian wheat outlook adds to food worries 

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Reuters – Between poor rainfall, fuel shortages and soaring fertilizer prices, it’s been a bad year for wheat farmers in northeastern Syria.  The northeast is vital to Syria’s grain production, but the Kurdish-led authorities that control the area do not expect this year’s harvest to meet the needs of their region, let alone allow for
The number of people experiencing famine globally has jumped by an estimated 10 million since May.
News

Hunger crisis deepening, says Canadian Foodgrains Bank

Raging drought, inflation and conflict drive food shortages

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Fifty million people around the world are near to or experiencing famine, up from 40 million in May, according to the Canadian Foodgrains Bank. “There’ll be many malnourished. At least 20 per cent will be extremely malnourished,” said the organization’s executive director, Andy Harrington. Two out of every 10,000 of those people will die, according
File photo of a lighthouse at the Ukrainian port of Chernomorsk on the Black Sea. (Larysa Shcherbyna/iStock/Getty Images)
Crops, Markets

Ukraine, Russia sign deal to reopen grain export ports

Russia says it 'won't take advantage' of de-mining of ports

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Istanbul/Kyiv | Reuters — Russia and Ukraine signed a landmark deal on Friday to reopen Ukrainian Black Sea ports for grain exports, raising hopes that an international food crisis aggravated by the Russian invasion can be eased. The accord crowned two months of talks brokered by the United Nations and Turkey, a NATO member that
The shift is so incredibly sharp, many vendors can’t agree with grocers on pricing, pushing them to put their business on hold...
Comment, Op/Ed

Comment: Dear Ottawa, help!

Food prices are climbing at a record pace in Canada and around the world

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It wasn’t a good week if you’re a consumer on a tight budget and that group includes most of us. Consumers are under attack right now, literally. We’ve just learned that Canada’s food inflation rate was at a record 9.7 per cent in May. Everyone is noticing higher food prices, and no section of the
Internally displaced Ethiopians queue to receive food aid in the Higlo camp for people displaced by drought, at the town of Gode in Ethiopia’s Somali region on April 26, 2022. (Photo: Reuters/Tiksa Negeri)
News

Activists pan G7 pledge to fight global hunger

Russia's invasion of Ukraine has sparked fears of hunger and malnutrition

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Activists sharply criticized a pledge by the Group of Seven rich countries on June 28 to commit US$4.5 billion to fight global hunger, saying the sum fell short of what was needed with millions of people on the brink of starvation. The worst drought in decades in parts of Africa and soaring food prices, driven
The World Trade Organization (WTO) headquarters in Geneva, Switzerland on Oct. 28, 2020. (Photo: Reuters/Denis Balibouse)
Comment, Op/Ed

Comment: WTO steps back from the brink

But repairing long-standing problems still requires solid efforts

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After decades of conflict that has neutered its work, the World Trade Organization looks to be back in business. Its highest decision-making body – a conference of ministers from the organization’s 164 member nations – has just met for the first time since 2017. None of what the ministerial conference (dubbed MC12 due to being

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