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☆ Russia Moves to Pull Out of Ukraine Grain Deal After Blasts Hit Crimean Port
▼ + stars: | 2022-10-29 | by ( Isabel Coles | Ann M. Simmons | ) www.wsj.com time to read: 1 min

Russia said Saturday that it would suspend participation in the export of agricultural products from Ukrainian ports, in response to an attack on the occupied Black Sea port of Sevastopol that it blamed on the government of Ukraine. The Defense Ministry said in a statement published on Telegram that ships of the Black Sea Fleet and civilian ships involved in ensuring the security of the so-called grain corridor had come under attack. As a result, “the Russian side suspends participation in the implementation of agreements on the export of agricultural products from Ukrainian ports,” the statement said.

☆ Russia suspends participation in deal on Ukraine grain exports
▼ + stars: | 2022-10-29 | by ( ) www.reuters.com time to read: +1 min

Oct 29 (Reuters) - Russia has suspended participation in a U.N.-brokered deal to export agricultural produce from Ukrainian ports following attacks on ships in Crimea, TASS quoted the defence ministry as saying on Saturday. Russia said that Ukrainian forces, with the help of drones, attacked ships from the Black Sea Fleet in Sevastopol, the biggest city in Russian-annexed Crimea, in the early hours of Saturday. United Nations aid chief Martin Griffiths had said only on Wednesday that he was "relatively optimistic" that the deal that allowed a resumption of Ukraine Black Sea grain exports would be extended beyond mid-November. Under the July 22 agreement, Ukraine was able to restart its Black Sea grain and fertilizer exports, which had stalled when Russia invaded its neighbor on Feb. 24. The Ukraine export deal was initially agreed for 120 days.

☆ Russia halts Ukraine Black Sea grain exports, citing attack on Crimea
▼ + stars: | 2022-10-29 | by ( ) www.reuters.com time to read: +5 min

in the sea port in Odesa after restarting grain export, as Russia's attack on Ukraine continues, Ukraine August 19, 2022. Russia said the step, which will cut Ukrainian grain exports from its crucial Black Sea ports, was taken due to the drone attack and the participation of British specialists. 'HUNGER GAMES'Since Russia and Ukraine signed the U.N.-backed Black Sea Grain Initiative in Turkey on July 22, more than 9 million tonnes of corn, wheat, sunflower products, barley, rapeseed and soya have been exported from Ukraine. But ahead of the Nov. 19 expiry of the grain deal, which allows Ukrainian Black Sea grain exports, Russia has repeatedly said that there are serious problems with it. Russia will officially notify U.N. Secretary-General Antonio Guterres shortly of its suspension of the Ukraine Black Sea grain deal, Russia's Deputy U.N.

☆ EXCLUSIVE Energy trader Mercuria buys back ChemChina stake
▼ + stars: | 2022-10-25 | by ( Julia Payne | Loucoumane Coulibaly | ) www.reuters.com time to read: +1 min

LONDON, Oct 25 (Reuters) - Trading house Mercuria Energy Group has bought back the minority stake that Chinese state-owned ChemChina held in the Geneva-based company since 2016, a spokesperson for Mercuria said on Tuesday. ChemChina was China's largest chemical group and owned 530,000 barrels per day (bpd) of refining capacity when it bought a 12% stake in Mercuria during an expansionary phase by many Chinese firms. ChemChina bought Swiss fertiliser and pesticide maker Syngenta the same year for $43 billion. Before the merger, ChemChina was poised to increase its stake in Mercuria in 2018. In return, Mercuria was set to gain a stake in the Chinese giant, but the deal did not go ahead.

☆ Ukraine’s Grain Exports Recover to Near Prewar Levels
▼ + stars: | 2022-10-19 | by ( Alistair Macdonald | ) www.wsj.com time to read: 1 min

Ukraine said its exports of agricultural products have recovered to around prewar levels, a revival that has helped ease pressure on global food prices and offers a bright spot in Kyiv’s fight against Russia. However, analysts say the rise in exports, which were hit hard by the war, hides continued hurdles for Ukraine’s globally important agricultural industry. The country relies on shipping grain out of the Black Sea, a route dependent on cooperation with Russia. Farmers, meanwhile, have planted fewer crops this year, and Russia still controls a large slice of Ukrainian farmland.

Oct 11 (Reuters) - U.S. Supreme Court justices on Tuesday questioned whether upholding a California law banning the sale of pork from pigs kept in tightly confined spaces would invite states to adopt laws imposing their political or moral views outside their borders. "It's an extraterritorial regulation that conditions pork sales on out-of-state farmers adopting California's preferred farming methods for no valid safety reasons," Bishop said, noting that 99.9% of California's pork comes from elsewhere. "As I read California's law, it's about products being sold in California," conservative Justice Clarence Thomas said. Liberal Justice Sonia Sotomayor said that while California represents a huge market, "no one's forcing them to sell to California." 'SUBSTANTIAL IMPACT'But liberal Justice Kentanji Brown Jackson said that the court must accept that California's law will have a "substantial impact on the operation of this market."

☆ On New Zealand farm, scientists reduce cow burps to save the world
▼ + stars: | 2022-10-10 | by ( Lucy Craymer | ) www.reuters.com time to read: +6 min

New Zealand has pledged to cut biogenic methane emissions by 10% on 2017 levels by 2030 and by up to 47% by 2050. Royal DSM's (DSMN.AS) Bovaer feed additive can reduce methane emissions by 30% in dairy cows and by more in beef cattle. Agricultural emissions account for around half of the country's greenhouse gas emissions. While pricing farm emissions is not universally popular, many believe it is the push farmers need to reduce them. For Fonterra, research also remains key as it aims to cap farm emissions at 2015 levels.

☆ New Zealand farmers to face livestock emissions charges under new plan
▼ + stars: | 2022-10-10 | by ( Lucy Craymer | ) www.reuters.com time to read: +2 min

The government on Tuesday released its proposed plan on agricultural emissions pricing, which when introduced in 2025 will make New Zealand, a large agricultural exporter, the first country to have farmers pay for emissions from livestock. The proposed plan has been criticised by farming groups worried about how the proposal accounts for on-farm forestry and what can be offset against emissions. Nearly half its total greenhouse gas emissions come from agriculture, mainly methane, but agricultural emissions have previously been exempted from the country's trading scheme. New Zealand Prime Minister Jacinda Ardern told reporters Tuesday’s proposal would make New Zealand farmers not only the best in the world but the best for the world. The proposal will provide financial incentives for farmers to use technology that reduces sheep and cow burps and money farmers pay for their emissions will be reinvested in the sector.

☆ Droughts, Ukraine war push global grain stocks toward worrying decade low
▼ + stars: | 2022-09-26 | by ( Tom Polansek | ) www.reuters.com time to read: +8 min

But the United States, the world's top corn producer, is now expected to harvest its smallest corn crop in three years. That would be fewer days of corn stocks than the world had in 2012, when the last global food crisis spurred riots. Ukraine is expected to harvest 25 to 27 million tonnes of corn in 2022, down from 42.1 million tonnes in 2021, following Russia's invasion, according to official estimates. read moreSanctions related to the war mean Russia has also struggled to export what is expected to be a record-large wheat crop. read moreAgricultural lender Rabobank said the next U.S. wheat crop is also at risk and will be planted in dust this autumn unless rains fall.

☆ Brazil does not need to fear recession abroad, strong dollar, says Guedes
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +1 min

Brazil's Economy Minister Paulo Guedes speaks during a news statement after opening ceremony of the OECD meeting at the Itamaraty Palace in Brasilia, Brazil June 21, 2022. REUTERS/Adriano Machado/File PhotoSept 26 (Reuters) - Brazilian Economy Minister Paulo Guedes said on Monday that the country need not to fear recession abroad or a stronger dollar, arguing that Latin America's largest economy has its own growth dynamics. Register now for FREE unlimited access to Reuters.com Register"They say, well, if there is a recession there (abroad), the price of agricultural products will fall, it will be terrible, Brazil will end. "The dollar goes up, the dollar goes down to adjust, but the economy, the dynamics of Brazilian growth is from domestic savings, innovation, technology," he said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Marcela Ayres; Editing by Toby ChopraOur Standards: The Thomson Reuters Trust Principles.

☆ Ukraine ports have shipped around 4.7 million tonnes of food under grain deal, infrastructure ministry says
▼ + stars: | 2022-09-24 | by ( ) www.reuters.com time to read: +1 min

The Sierra Leone-flagged cargo ship Razoni, carrying Ukrainian grain, is seen in the Black Sea off Kilyos, near Istanbul, Turkey August 3, 2022. The ministry said eight ships with 131,300 tonnes of agricultural products are due to leave Ukrainian Black Sea ports on Saturday. Ukraine's grain exports slumped after Russia invaded the country on Feb. 24 and blockaded its Black Sea ports, driving up global food prices and prompting fears of shortages in Africa and the Middle East. Ukraine, a global major grain producer and exporter, shipped up to 6 million tonnes of grain per month before the war. Three Black Sea ports were reopened under a deal signed on July 22 by Moscow and Kyiv and the ministry has said these ports are able to load and send abroad 100-150 cargo ships per month.

[1/3] Cargo ship Despina V, carrying Ukrainian grain, is seen in the Black Sea off Kilyos near Istanbul, Turkey November 2, 2022. The agreement, reached in July, created a protected sea transit corridor and was designed to alleviate global food shortages, with Ukraine's customers including some of the world's poorest countries. So far, some 9.76 million tonnes of agricultural products have been shipped, predominately corn, but also volumes of soybeans, sunflower oil, sunflower meal and barley. A drop in shipments from major exporter Ukraine has played a role in this year's global food price crisis, but there are also other important drivers. At the start of the conflict there were around 2,000 seafarers from all over the world stranded in Ukrainian ports.

☆ Hidden Monopoly, Offshore Money and a Clash of Interests in the Giurgiulești Port
▼ + stars: | 2020-03-02 | by ( Nemerenco Daniela | ) www.zdg.md time to read: +29 min

ZdG debunked the hidden monopoly, an offshore company, and business interests, including those of a deputy of Moldova’s Parliament, in the Giurgiulești Passengers and Goods Port, operated by the Ungheni River Port. The State Enterprise Ungheni River Port operates the Giurgiulești Passengers and Goods Port. Any attempts by other economic agents to obtain the status of port agency in the state-controlled port failed. How the state enterprise explains the monopoly in the port We went to the Ungheni company headquarters to discuss with the administration of the Ungheni River Port. A conversation between the tugboat owner and the Ungheni River Port administration The tugboat stations within the state-owned port since June 2018.

Persons: ZdG, ”, Moldova’s, Molincom, Medvedev, Daniil Șevcenco, “, didn’t, Vladimir Medvedev, Gheorghe Țurcanu, Veaceslav Ioniță, Igor Macari, Denis Dobrioglo, Leonid Karagheaur, Sergei Raevski, Țurcanu, Pîrlog, Ruslan Baciu, Iurie, Marcelian Pîrlog, Anatolie Balan, Alexandru Maximov, Condaline, Marcelian, Nicolae Dimitrachi, Translogist Sistem, Baciu, Translogist, Sergiu Gheceanu, ” ZdG, Marina Polasek, Reni, ” Medvedev, Anatolie, ” Vladimir Medvedev, Ion Chicu, Anatol Usatîi, Ludmila Guzun, Anatolie Labuneț, Igor Zaharia, Labuneț, Carolina Lipskaia, Oleg Lipskii’s, Evghenii Labuneț, Veaceslav Macaidenco, ” Labuneț, Zaharia, Mr Medvedev, Chicu, “ Mr Medvedev, slandering, Preluarea, maximă, trebuie, Instituțiile, Materialele, inclusiv Organizations: Goods, National Anticorruption Center, Port, Moldova’s Government, Logistics, State Enterprise, Naval Agency, Customs Service, Mr, Agro Factor, United Arab, UAE, Agro, United, Public Property Agency, ILM Logistic, Port Agency Service, Register, DB Translogist, Translogist, Ministry, Socialist, Security and Intelligence Service, Economy, Infrastructure, Democratic Party, Medvedev, Moldova’s Socialist Party, “, Navigation Company, Marine Engineering, Socialist Party, Anticorruption Center, Naval Agency of, National Anticorruption, Naval, Moldova’s Naval Agency, Jurnalistului din Republica Moldova Locations: Port, “, Dubai, United Arab Emirates, Russian, Zurich, Switzerland, Moldova, United Kingdom, Chișinău, Moldova’s, Consideea, Ciocana, Translogist, Condaline, Ungheni, Canada, PPMG, Naval Agency of Moldova, Jurnalistului din

☆ Kudlow: China's $40-$50B of US agriculture purchases over two-year period
▼ + stars: | 2019-12-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKudlow: China's $40-$50B of US agriculture purchases over two-year periodAs part of the phase one U.S.-China trade deal, China will purchase $40 billion in U.S. agricultural products. However, Kudlow said those purchases will be made over a two-year period. "The sense we got from the Chinese is they believe it's doable. They've been in the market buying ag and other commodities let's say as goodwill," he said. CNBC's Kayla Tausche reports.

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