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Russia, whose officials haven't commented on the corridor, warned this summer that ships heading to Ukraine's Black Sea ports would be assumed to be carrying weapons. Despite such attacks, Ukraine has exported over 5.6 million metric tons of grain and other products through the new corridor, U.S. “That corridor worked in an unpredictable way for us,” said Mykola Horbachov, president of the Ukrainian Grain Association. Before the invasion, the exporter paid $50 per metric ton to ship grain through the Black Sea. To ease that hurdle, an insurance program launched this month to provide affordable coverage to shippers carrying food from Ukraine’s Black Sea ports.

Persons: Roman Andreikiv, ”, Munro Anderson, Lloyd’s, Ukraine’s, haven't, Volodymyr Zelenskyy, Ukraine Bridget Brink, Taras Kachka, it’s, Kelly Goughary, “, Oleksandr Kubrakov, it's, Mykola Horbachov, ” Horbachov, Osmachko, Anderson, ” Osmachko, Marsh McLennan, Zelenskyy, Mykola Solskyi, ___ Bonnell Organizations: —, Agroprosperis, Liberian, Gro Intelligence, Farmers, Ukrainian Grain Association, Ukrainian Locations: KYIV, Ukraine, Russia, Africa, East, Asia, Egypt, Spain, China, Bangladesh, Netherlands, Tunisia, Turkey, Kyiv, U.S, Sumy, Ukrainian, Europe, Lloyd’s, Nigeria, London, russia, ukraine

☆ For the second Halloween in a row, U.S. candy inflation hits double digits
▼ + stars: | 2023-10-28 | by ( ) www.cnbc.com time to read: +3 min

For the second year in a row, U.S. shoppers are seeing double-digit inflation in the candy aisle. That's on top of a 14% increase in candy and gum prices in October 2022. "The price of candy has gotten to be outrageous," said Jessica Weathers, a small business owner in Shiloh, Illinois. Weathers said she usually buys plenty of candy for trick-or-treaters and events at school and church. Meanwhile, global sugar prices are at 12-year highs, Goughary said.

Persons: Jessica Weathers, Weathers, Dan Sadler, Kelly Goughary, Goughary, —, Michele Buck, Buck, Hershey Organizations: Gro Intelligence, Aldi, Hershey Locations: Shiloh , Illinois, West Africa, El, Ivory, India, Brazil

For the second year in a row, U.S. shoppers are seeing double-digit inflation in the candy aisle. That’s on top of a 14% increase in candy and gum prices in October 2022. “The price of candy has gotten to be outrageous,” said Jessica Weathers, a small business owner in Shiloh, Illinois. Meanwhile, global sugar prices are at 12-year highs, Goughary said. Buck said Hershey is trying to meet consumers’ needs with offerings in value stores and pack sizes at various price points.

Persons: ”, Jessica Weathers, ” Weathers, Dan Sadler, Kelly Goughary, Goughary, —, Michele Buck, Buck, Hershey Organizations: Gro Intelligence, Aldi, Mars Inc, Hershey Co Locations: Shiloh , Illinois, West Africa, El, Ivory, India, Brazil

☆ Global rice shortage is set to be the largest in 20 years – here's why
▼ + stars: | 2023-04-19 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +6 min

The global rice market is set to log its largest shortfall in two decades in 2023, according to Fitch Solutions. "At the global level, the most evident impact of the global rice deficit has been, and still is, decade-high rice prices," Fitch Solutions' commodities analyst Charles Hart said. That would mar the largest global rice deficit since 2003/2004, when the global rice markets generated a deficit of 18.6 million tonnes, said Hart. "The global rice production deficit situation will increase the cost of importing rice for major rice importers such as Indonesia, Philippines, Malaysia and African countries in 2023," said Tjakra. "It is our view that global rice production will stage a solid rebound in 2023/24, expecting total output to rise by 2.5% year on year," Fitch's report forecast, hinging on India being a "principal engine" of global rice output over the next five years.

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