
A Chief Market Analyst with Grain Fox believes durum wheat prices won’t spike to 20 dollars a bushel like they did in 2021. Neil Townsend could see durum trade around 15 dollars, but it largely depends on demand around the world. “There’s a big shortage in Tunisia, tight situation in Algeria, big shortage in Morocco, […]
Global prices for food commodities like rice and vegetable oil have risen for the first time in months after Russia pulled out of a wartime agreement allowing Ukraine to ship grain to the world, and India restricted some of its rice exports, the U.N. Food and Agriculture Organization said Friday. The FAO Food Price Index, […]
Russian drones on Wednesday hit a Ukrainian port city along the border with Romania, causing significant damage and a huge fire at facilities that are key to Ukrainian grain exports. The attacks followed the end of a deal with Russia that had allowed Ukrainian shipments to world markets from the Black Sea port of Odesa. […]