Page 2 - Soft Commodity News Today

MOSCOW (Reuters) -Talks continue to extend a deal to allow grain shipments from Ukraines Black Sea ports ahead of a deadline later this week, the United Nations and Turkey said on Tuesday, after Kyiv rejected a Russian push for a reduced 60-day renewal. Since Russia and Ukraine signed the U.N.-backed Black Sea Grain Initiative in Turkey on July 22, millions of tonnes of grain and other food products have been exported from Ukrainian ports, helping to lower global food prices from record highs. A...

By Josh Smith and Hyunsu Yim SEOUL (Reuters) -North Korean leader Kim Jong Un urged government officials to engineer a fundamental transformation in agricultural production, state media reported on Tuesday, amid fears that the countrys food shortage is worsening. Kim said hitting grain production targets this year was a top priority and emphasized the importance of stable agriculture production during the second day of the seventh enlarged plenary meeting of the 8th Central Committee of the Work...

By Maximilian Heath BUENOS AIRES (Reuters) - Farmers in Argentina staged a protest in Santa Fe province on Tuesday to demand lower taxes and a better exchange rate for their exports, amid a prolonged economic slump and historic drought that has battered crops and agricultural output. Farmers are asking President Alberto Fernandezs government for less burdensome interventionist trade policies and the elimination of export taxes, as they suffer from the worst drought in 60 years. Weve been warning...

KYIV (Reuters) -Ukrainian President Volodymyr Zelenskiy hosted a summit in Kyiv on Saturday to promote its Grain from Ukraine initiative to export grain to countries most vulnerable to famine and drought. The Ukrainian leader said the plan demonstrated that global food security was not just empty words for Kyiv. The Kremlin has said Ukraines Black Sea exports during the war have not been reaching the most vulnerable countries. Zelenskiy said Kyiv had raised around $150 million from more than 20 ...

By Ali Kucukgocmen and Pavel Polityuk ANKARA/KYIV (Reuters) - Russia said on Wednesday it would resume its participation in a deal freeing up grain exports from war-torn Ukraine, reversing a move that world leaders had said threatened to exacerbate global hunger. Moscow announced the sudden reversal after Turkey and the United Nations helped keep Ukrainian grain flowing for several days without a Russian role in inspections. The Russian defence ministry justified the change by saying it had rece...

By Nigel Hunt and Naveen Thukral LONDON/SINGAPORE (Reuters) -Grain was flowing out of Ukraine at a record pace on Monday under an initiative led by the United Nations aimed at easing global food shortages despite Russia warning it was risky to continue after it pulled out of the pact. Russia said on Monday that the deal was hardly feasible as it was impossible to guarantee the safety of shipping after its withdrawal over the weekend following what it said was a major Ukrainian drone attack on it...

MANILA (Reuters) - Philippine President Ferdinand Marcos Jr on Wednesday said his country may need to turn to Russia to fulfil its fuel needs amid rising global energy prices. Speaking to the Manila Overseas Press Club, Marcos, who is also the countrys agriculture minister, said his country may also deal with Russia for supply of fertiliser. (Reporting by Karen Lema; Editing by Martin Petty)

UNITED NATIONS (Reuters) - The United Nations expects to see a big uptick in applications for ships to export Ukraine grain after transit procedures were agreed by Russia, Ukraine, Turkey and the United Nations, a senior U.N. official said on Wednesday. The number of inbound vessels is expected to grow in the near future as grain deals are made, said Frederick Kenney, interim U.N. Coordinator at the Joint Coordination Centre in Istanbul, which oversees a deal between Russia, Ukraine, Turkey and ...

By Madeline Chambers and Can Sezer BERLIN/ISTANBUL (Reuters) -The deal between Moscow and Kyiv to unblock Ukrainian grain exports may offer a way forward to a possible ceasefire in the five-month conflict, said former German chancellor Gerhard Schroeder, a friend of Russian President Vladimir Putin. The first grain-carrying ship to leave Ukrainian ports in wartime safely anchored off Turkeys coast on Tuesday and is due to be inspected on Wednesday. The good news is that the Kremlin wants a negot...

Stricter sustainability rules could exclude West African cocoa from European markets. A cocoa farmers’ database in Ghana could be a game changer.