Page 3 - Soft Commodity News Today

By Natalia Zinets KYIV (Reuters) -The first ship to carry Ukrainian grain through the Black Sea since Russia invaded Ukraine five months ago left the port of Odesa for Lebanon on Monday under a safe passage deal described as a glimmer of hope in a worsening global food crisis. The sailing was made possible after Turkey and the United Nations brokered a grain and fertiliser export agreement between Russia and Ukraine last month - a rare diplomatic breakthrough in a conflict that has become a draw...

KYIV (Reuters) -Ukraine could export 60 million tonnes of grain in eight to nine months if its ports were not blockaded, but Russias strike on the port of Odesa showed it will definitely not be that easy, an economic adviser to the Ukrainian president said on Sunday. Ukraine could earn $10 billion by selling 20 million tonnes of grain in silos and 40 million tonnes from its new harvest, adviser Oleh Ustenko said. The harvest totals 60 million tonnes, of which 20 million are for domestic consumpt...

BERLIN (Reuters) - Germanys State-owned rail company Deutsche Bahn said it was planning to transport grain by freight train from Ukraine to Germanys ports. Russias invasion of Ukraine - two major global wheat suppliers - has sent prices for grains and other food products soaring. It has stalled Kyivs exports, leaving dozens of ships stranded and some 20 million tonnes of grain stuck in silos at Odesa. Deutsche Bahn said it will transform its network that was set up to transport humanitarian aid ...

By SERGIY VOLOSHYN and Valentyn Ogirenko VINNYTSIA, Ukraine, July 15 (Reuters) - A Ukrainian city far from the frontline grieved its dead from a missile strike, including a 4-year-old girl, as Russian bombardment rained down on towns across the country. Ukraine said Thursdays strike on an office building in Vinnytsia, a city of 370,000 people about 200 km (125 miles) southwest of Kyiv, had been carried out with Kalibr cruise missiles launched from a Russian submarine in the Black Sea. Kyiv said ...

By Iryna Nazarchuk SERHIIVKA, Ukraine (Reuters) - Russia flattened part of an apartment building while residents slept on Friday in missile attacks near Ukraines port of Odesa that authorities say killed at least 21 people, hours after Russian troops abandoned the Black Sea outpost of Snake Island. Locals in the resort village of Serhiivka helped workers pick through the rubble of the nine-storey apartment block, a section of which had been completely destroyed in the early-morning strike. Walls...

By Emma Farge GENEVA (Reuters) - Since Ngozi Okonjo-Iweala took over as head of the World Trade Organization last year, one of her main bugbears has been the negotiating style of member countries, which she says is ineffective, inflexible and needs to change. The WTO, a global organisation that regulates international trade, is often accused of being outdated and unproductive, criticisms Okonjo-Iweala has sought to address directly since taking the helm as its director-general. You have to talk ...

One of the world’s biggest traders says fallout from the war in Ukraine has also created strains.

By Pavel Polityuk and Max Hunder KYIV (Reuters) - Russia tightened its grip on a key target in a battle for control of Ukraines eastern Donbas region while President Volodymir Zelenskiy pleaded for more Western arms to help Ukraine reach an inflection point and prevail in the war. Zelenskiy told Luxembourgs parliament via videolink on Thursday that Russian forces now occupied about a fifth Ukrainian territory, with battle lines stretching more than 1,000 km (620 miles). As the invasion approache...

Untangling the main areas of contention surrounding Swiss efforts to track down and freeze the assets of sanctioned Russians.

DAKAR (Reuters) - The World Bank said on Tuesday it has signed deals to finance four projects in Senegal worth a total of $495 million to help improve education, electricity, economic development and road access to rural areas. The West African nation of around 16.7 million, considered lower-middle-income by the World Bank, was hit hard by border closures during the pandemic that affected tourism and delayed oil and gas extractions. Most of the coastal country was struggling with unemployment ev...