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☆ South Korea Dec inflation steady at 5.0%, as expected
▼ + stars: | 2022-12-30 | by ( Reuters Staff | ) www.reuters.com time to read: +2 min

REUTERS/ Heo RanSEOUL (Reuters) - South Korea’s consumer prices in December rose 5.0% from a year earlier, official data showed on Friday, matching market expectations and the pace seen in November. A breakdown of the data showed prices of agricultural products had been 1.6% lower than in December 2021. But utility prices jumped 23.2% and private service prices 6.0%, keeping the overall annual inflation rate high. The fall in the core annual rate in December was the first since November 2021. No year-average inflation rate has been so high since 1998.

☆ Accusations against detained Bolivian governor Camacho are "made up", says ex president Mesa
▼ + stars: | 2022-12-29 | by ( ) www.reuters.com time to read: 1 min

[1/3] Bolivian opposition leader Luis Fernando Camacho receives a medical evaluation following his detention, at an undisclosed location in this image released December 28, 2022. TWITTER/Carlos Eduardo del Castillo del Carpio/Handout via REUTERSLA PAZ, Dec 29 (Reuters) - Bolivia's former President Carlos Mesa told Reuters in an interview on Thursday that the accusations against Luis Fernando Camacho, the governor of agricultural hub Santa Cruz who was detained on Wednesday, are made up, spurious and non-existent. Reporting by Monica Machicao; Editing by Anthony EspositoOur Standards: The Thomson Reuters Trust Principles.

Brazil has yet to publish its official annual figures for Cerrado deforestation, based on satellite analysis by the government's space research agency Inpe. The Cerrado neighbors the Amazon, occupying more than 2 million square kilometers in central Brazil – larger than Mexico. FARM-DRIVEN DEFORESTATIONThe Brazilian savanna is now a major concern for top grains traders, who have broadly pledged to eliminate deforestation from their supply chains by 2025. The sources discussed Cerrado deforestation data from Brazil's PRODES program, which produces annual data that is far more accurate than rapid alert data published on a weekly and monthly basis. An Inpe official said earlier this year that Brazil would soon stop publishing PRODES Cerrado data due to lack of funding.

☆ A 26-story pig skyscraper in China will slaughter 1 million animals a year, report says
▼ + stars: | 2022-11-26 | by ( Hannah Williams | ) www.businessinsider.com time to read: +3 min

China's skyscraper pig farm aims to tackle the country's growing pork demands, The Guardian reports. The Guardian reported the new tower in China is the largest "single-building pig farm in the world." Statements on the company's WeChat account analyzed by The Guardian reveal the farm-in-the-sky will house more than 600,000 animals. Animals are automatically fed via buttons in a central control room, and the pigs' waste is used to generate heating and power. Hubei Zhongxin Kaiwei Modern Farming, the company behind the development, has already sent 3,700 sows to the farm, The Guardian reported.

☆ Chicken prices are finally starting to fall
▼ + stars: | 2022-11-23 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +4 min

New York CNN Business —Over the past year, as some meat prices have fallen, chicken prices have remained stubbornly high. In the year through October, not adjusting for seasonal swings, chicken prices had jumped 14.5%, according to data from the Bureau of Labor Statistics. Chicken prices are finally falling. Why chicken prices were highBut the roosters don’t bear all the blame. Still, a decline in wholesale prices eventually leads to a decline in retail prices, which is starting to happen.

☆ World’s heaviest flying bird uses plants to self-medicate, scientists say
▼ + stars: | 2022-11-23 | by ( Hafsa Khalil | ) edition.cnn.com time to read: +3 min

Published in Frontiers in Ecology and Evolution scientific journal on Wednesday, the study reveals that the great bustards ate an abundance of corn poppies (Papaver rhoeas) and purple viper’s bugloss (Echium plantagineum). In humans, corn poppies have been used for their medicinal properties as a sedative and pain relief while purple viper’s bugloss can be toxic if consumed. Both plants were highly effective in killing or inhibiting the effects of the protozoa and nematodes, according to the study. The purple viper’s bugloss showed moderate defensive action against the fungi. “We normally associate self-medication in species like primates, so to see researchers studying endangered birds is brilliant,” Rose told CNN.

☆ Climate report shows Australia will see more extreme weather events, putting strain on economy
▼ + stars: | 2022-11-23 | by ( Michelle Toh | ) edition.cnn.com time to read: +3 min

Hong Kong CNN Business —Australia will continue to see a spike in extreme rainfall and heat, as well as more dangerous fire events, its government agencies warned Wednesday. In a biennial climate report, Australia’s national science agency, the Commonwealth Scientific and Industrial Research Organisation (CSIRO), and the Bureau of Meteorology said it had already found “an increase in extreme heat events, intense heavy rainfall, longer fire seasons and sea level rise” recently. The changes are happening more rapidly and will put further pressure on Australia to transition its economy away from fossil fuels, the agencies warned. Australia has seen the devastating effects of the climate crisis up close recently, from marine heat waves that have caused mass coral bleaching on the Great Barrier Reef to extreme weather events including flooding. Over the past 50 years, “climate-induced extreme weather events including drought, fires, and floods have cost Australian communities an estimated 120 billion [Australian dollars] ($79.8 billion),” according to the Minderoo Foundation.

☆ Mario Gabelli likes this under-the-radar industrial into 2023
▼ + stars: | 2022-11-22 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Gabelli Asset Management's Mario Gabelli said he's interested in CNH Industrial N.V. , a maker of agricultural and heavy construction that is under under new management. When choosing between CNH and competitor Deere & Co .'s John Deere, he said the valuation and market cap was better for the former. The company said net sales in industrial activities for 2022 would be 16% to 18% higher than the prior year. Likes energy stocks still Gabelli also said energy stocks would benefit from what he called a crisis as America has leaned on its oil reserves during the Russia-Ukraine war. He pointed to Halliburton and Dril-Quip as examples of stocks that he likes during this tumultuous period.

☆ COP27: Farm climate innovation commitments double to $8 billion
▼ + stars: | 2022-11-11 | by ( Aidan Lewis | ) www.reuters.com time to read: +2 min

SHARM EL-SHEIKH, Egypt, Nov 11 (Reuters) - An initiative led by the United States and the United Arab Emirates to help agriculture adapt to climate change and reduce emissions through innovation has doubled investment commitments to $8 billion and extended its reach, it said on Friday. The Agriculture Innovation Mission for Climate (AIM for Climate) was launched one year ago and seeks to accelerate innovation in "climate smart" agriculture globally up to 2025, as the world races to contain global warming below 1.5 degrees Celsius. At the COP27 climate change talks in Sharm el-Sheikh it announced commitments for $7 billion of investments from 42 governments, and $1 billion in innovation initiatives aimed at small-holder farmers in developing economies, new technologies, agro-ecological research and methane reduction. Farming is on the frontline of extreme weather but is also a major contributor to global emissions that cause warming. "I think there's just tremendous carbon sequestration capacity, there's tremendous opportunities to reduce methane, there's tremendous opportunities to convert agricultural waste into a variety of products that would significantly reduce the greenhouse gas footprint of agricultural production."

The Black Sea Grain Initiative eased Russia's naval blockade and saw the reopening of three key Ukrainian ports. The agreement to create the sea corridor was negotiated by representatives from Ukraine, Russia, the U.N. and Turkey in July. Since then, more than 400 ships carrying 10 million metric tons of agricultural products have departed from war-weary Ukraine's ports. Last week, Moscow suspended its participation in the Black Sea Grain Initiative, citing retaliation for what it called Kyiv's "act of terrorism" against Russian warships. And we must all be determined to do whatever is necessary in order to make sure that we have the renewal of the Black Sea Grain Initiative," Guterres told reporters at the United Nations in New York.

☆ Russia's statement on resuming participation in Black Sea grain deal
▼ + stars: | 2022-11-02 | by ( ) www.reuters.com time to read: +1 min

LONDON, Nov 2 (Reuters) - Russia will resume its participation in the Black Sea grain deal, its defence ministry said in a statement on Wednesday. "The Russian Federation suspended the implementation of the agreement on the export of agricultural products from Ukrainian ports (the "Black Sea Initiative") after Ukraine committed a terrorist act on October 29 this year against ships of the Black Sea Fleet and civilian vessels involved in ensuring the security of the "grain corridor." "Russia's position was brought to the attention of U.N. Secretary General Antonio Guterres and the U.N. Security Council. "In particular, the Ukrainian side officially pledged that 'the Maritime Humanitarian Corridor will be used only in accordance with the provisions of the Black Sea Initiative and the related JCC regulation.' "The Russian Federation believes that the guarantees received at the moment appear sufficient, and resumes implementation of the agreement – the Initiative for the Safe Transportation of Grain and Food from Ukrainian ports (the 'Black Sea Initiative') - which was suspended after the terrorist attack in Sevastopol."

☆ Wheat climbs 5.5% as Russia withdraws from Black Sea export agreement
▼ + stars: | 2022-10-31 | by ( Naveen Thukral | ) www.reuters.com time to read: +2 min

Summary Russia suspends participation in Black Sea grain exports dealBlack Sea wheat, corn supplies at risk on Russia withdrawalU.N., Turkey, Ukraine press ahead with grain exportsSINGAPORE, Oct 31 (Reuters) - Chicago wheat futures jumped more than 5% on Monday and corn rose over 2% as Russia's withdrawal from a Black Sea export agreement raised concerns over global grain supplies. "(The market) is going to be overwhelmed in early trade today by Russia suspending its participation in the Black Sea grain corridor during the weekend," said Tobin Gorey, director of agricultural strategy at the Commonwealth Bank of Australia. "Our view has been that wheat futures were adding little premium to prices for the risk that the corridor would close." Moscow suspended its participation in the Black Sea deal on Saturday in response to what it called a major Ukrainian drone attack on its fleet in Russia-annexed Crimea. Wheat futures hit a record high of $13.64 a bushel in March.

☆ Wheat prices jump by nearly 6% after Russia withdraws from vital Ukrainian export deal
▼ + stars: | 2022-10-31 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +3 min

Anadolu Agency | Anadolu Agency | Getty ImagesGlobal wheat prices rose sharply Monday following Russia's withdrawal from the Black Sea grain export deal over the weekend. The increases come after Russia announced Saturday that it was suspending its involvement in the Black Sea Grain Initiative, which allowed vital agricultural products to be exported from several Ukrainian ports. Zelenskyy and Foreign Minister Dmytro Kuleba accused Russia of starting to sabotage the grain deal in September. Antonov told Russian media on Saturday that Kyiv's "reckless actions" had caused Moscow to suspend implementation of the grain deal. Many of the grain ships that left Ukraine in recent months, under the grain deal, were bound for both European and African ports.

Other participants were pressing ahead with the deal despite Russia's withdrawal while France said it was working to boost Ukraine grain exports via land routes in conjunction with other European Union states. A record volume of 354,500 tonnes of agricultural products was carried on vessels leaving Ukrainian ports on Monday as part of the Black Sea grain deal, a spokesperson for Odesa's military administration said. WHEAT PRICES CLIMBWheat prices rose on Monday, climbing around 6% to $8.78 a bushel in Chicago, but remained far below a peak of $13.63-1/2 set in early March shortly after the conflict began. The strong pace of wheat exports from Russia, which harvested a record crop this summer, has helped to bolster supplies on the world market. "Typically, it takes about two months for higher grain prices to filter through the supply chain and impact consumers at the retail level," said a Sydney-based analyst.

☆ Russia says movement of ships in Black Sea corridor is 'unacceptable'
▼ + stars: | 2022-10-31 | by ( ) www.reuters.com time to read: +1 min

Oct 31 (Reuters) - Russia said on Monday it was "unacceptable" for shipping to pass through a Black Sea security corridor after it suspended its participation in a Turkish- and U.N.-brokered deal that had allowed Ukraine to resume grain exports. "The movement of ships along the security corridor is unacceptable, since the Ukrainian leadership and the command of the Armed Forces of Ukraine use it to conduct military operations against the Russian Federation," the Russian defence ministry said in a statement. The ministry did not say what Russia would do if ships continued to sail the route. On Monday a record volume of 354,500 tonnes of agricultural products left Ukrainian ports under the grain deal, despite Moscow's weekend announcement, a spokesperson for Odesa's military administration said. The Kremlin said earlier on Monday that without Russian security commitments, the grain deal was "hardly feasible, and it takes on a different character - much more risky, dangerous and unguaranteed".

Moscow suspended its participation in the Black Sea deal on Saturday, in response to what it called a major Ukrainian drone attack on its fleet in Russian-annexed Crimea. That relative calm is likely to end when Chicago and Paris wheat, the world's two most-active wheat futures contracts, start their trading week on Monday. Purchasing of grain for Black Sea ports in Ukraine has stopped following Russia's decision, a Ukrainian broker said. Ukraine's infrastructure ministry said on Sunday 218 vessels were "effectively blocked" by Russia's decision to suspend its participation in the grain export deal. Market participants are watching to see if the corridor deal can be salvaged, as the U.N. pursues negotiating efforts.

☆ Russia Blames Ukraine, U.K. for Collapse of Grain Deal
▼ + stars: | 2022-10-30 | by ( Alan Cullison | ) www.wsj.com time to read: 1 min

Russia blamed the U.K. and Ukraine for the collapse of the export of agricultural products from Ukrainian ports Sunday, as Russia said it recovered wreckage from a drone strike on the occupied Black Sea port of Sevastopol. Moscow said the wreckage proves the Saturday attack was mounted with British assistance, a claim the U.K. denies.

Summary Grain purchases for Ukraine sea ports stop, broker saysDrought and torrential rain disrupt southern hemisphere suppliesExports increasing from RussiaPARIS, Oct 30 (Reuters) - Wheat futures are expected to leap on Monday as Russia's withdrawal from a Black Sea corridor agreement puts Ukrainian exports at risk, analysts said. Moscow suspended its participation in the Black Sea deal on Saturday, in response to what it called a major Ukrainian drone attack on its fleet in Russian-annexed Crimea. Purchasing of grain for Black Sea ports in Ukraine has stopped following Russia's decision, a Ukrainian broker said. "There are increasing exports from Russia so in the short term availability might still be there from the Black Sea," he said. Market participants will also be watching to see if the corridor deal can be salvaged, as the U.N. pursues negotiating efforts.

☆ Factbox: What is known about the drone attack on Crimea?
▼ + stars: | 2022-10-30 | by ( ) www.reuters.com time to read: +3 min

Russia said 16 air and maritime drones attacked civilian and Black Sea Fleet vessels in the Bay of Sevastopol in Crimea at 0420 Kyiv time on Saturday. Unverified footage on social media showed what appeared to be maritime drones speeding across the water towards a Russian battleship while bullets were fired at the drone. Ukraine has neither denied nor confirmed that it carried out the drone attack on Sevastopol and has instead suggested that Russia carried out the attack on itself so that it could suspend participation in the grain deal. Russia says it has recovered the wreckage of some of the maritime drones. The defence ministry said one of the maritime drones appeared to have started from within the security zone of the grain corridor itself.

☆ Ukraine says 218 vessels blocked after Russia suspends grain deal
▼ + stars: | 2022-10-30 | by ( ) www.reuters.com time to read: +1 min

KYIV, Oct 30 (Reuters) - A total of 218 vessels are "effectively blocked" due to Russia's decision to suspend its participation in a grain export deal, Ukraine's infrastructure ministry said on Sunday. Russia said on Saturday it suspended participation in the U.N-brokered deal to export agricultural produce from Ukrainian ports following attacks on its fleet in Russian-annexed Crimea. The ministry said 95 loaded vessels that had left Ukrainian ports were awaiting inspection for shipment to the final consumer, and 101 empty ones awaited inspection at the entrance to Ukrainian ports. It said 22 ships with agricultural goods were waiting to leave Ukrainian ports. Ukraine has said the deal, which unblocked three Black Sea ports, has allowed it to export around 9 million tonnes of agricultural cargo so far.

☆ Russia says it recovers drones used in Black Sea fleet attack in Crimea
▼ + stars: | 2022-10-30 | by ( ) www.reuters.com time to read: +2 min

Summary This content was produced in Russia where the law restricts coverage of Russian military operations in UkraineMOSCOW, Oct 30 (Reuters) - Russia's defence ministry on Sunday said it had recovered and analysed the wreckage of drones used to attack ships of Russia's Black Sea Fleet in Crimea the day before, finding that the drones were equipped with Canadian-made navigation. The ministry has said Ukraine attacked the Black Sea Fleet near Sevastopol with 16 drones early on Saturday, and that British navy "specialists" had helped coordinate what it called a terrorist attack, a claim Britain has denied. Russia said it had repelled the attack but that the ships targeted were involved in ensuring the grain corridor out of Ukraine's Black Sea ports. It said the drones had moved along the "grain corridor" security zone, before changing course to head for Russia's naval base in Sevastopol, the largest city on the Crimean peninsula that Russia annexed from Ukraine in 2014. The ministry said one of the maritime drones appeared to have started from within the security zone of grain corridor itself.

☆ 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 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.

☆ 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.

☆ 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.

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