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Bloomberg News reported this week that, "Chinese authorities are imposing new hurdles for fertilizer exporters amid growing concerns over surging power prices and food production, a move that could worsen a global price shock and food inflation."
Green-Fuel Push Stirs Food Inflation Fears in Rebound From Virus Source: By Kim Chipman, Bloomberg • Posted: Sunday, May 23, 2021 Oil refiners’ attempt to clean up their act is bumping into growing concerns over food prices and supplies as nations seek to get back on their feet. The push to fight climate change with greener fuels is colliding with another challenge facing the world as it struggles to emerge from the pandemic: skyrocketing food prices. Soaring demand for crops has once again raised the question of whether nations should really depend on ethanol a...
The renewable fuels market is changing as countries grapple with saving the planet, skyrocketing food prices.
Mississippi River Reopens, Freeing Over 1,000 Stuck Barges A boat hauling barges down the Mississippi River moves toward the Interstate 40 bridge May 14. (Adrian Sainz/Associated Press) The U.S. Coast Guard has reopened the Mississippi River to maritime traffic, ending a shutdown that stranded more than 1,000 barges on the key conduit for agriculture exports. The river reopened as of 9 a.m. CDT on May 14, according to the Coast Guard, providing relief to the queue of 62 vessels and 1,058 barges stranded on the north and south sides of the Interstate 40 Hernando DeSoto Bridge near Memphis, Ten...
Grigorenko/Getty Images TOO MUCH MILK: The U.S. is not the only country culling dairy cows. Ag economist Dan Basse said the European Union’s monthly milk production is the lowest since 2017, and Oceana’s milk production is down the most since 2016. Milk price won’t reach $20 until more cows are culled. Corn prices are expected to climb to $6 per bushel and soybean meal as high as $470 per metric ton this year, according to agriculture economist Dan Basse, president of AgResource Co. of Chicago. Rising feed margin pressure will persist throughout 2021, Basse tol...