Articles Tagged with ''wheat''

Ukraine’s farmers are preparing to begin this year’s problematic summer harvest on the 75% of fields not under Russian occupation, but producers, analysts and political leaders are preoccupied with the broader question of where the grain will be stored as efforts falter to reopen exports through Black Sea ports.

A broad coalition of countries is making a last-minute push to change World Trade Organization rules and allow governments to increase farm subsidies and accumulate massive stocks of grain that can be dumped into the global market.

A measure of global food commodity prices fell slightly for the second month in a row in May, despite the continued surge in wheat markets as the war in Ukraine dragged on.

The Philippines, citing the impact of the Russian invasion of Ukraine on world grain supplies and prices, has reduced its tariff on corn imports from 35% down to 5% and that has opened new opportunities for U.S. corn farmers.

The Biden administration wants to make more farmers eligible for insurance when they grow wheat and soybeans in the same crop year, but some industry experts doubt the plan will do as much as the White House hopes in scaling up wheat production.

President Joe Biden announced Monday from Tokyo the official launch of his Indo-Pacific Economic Framework, or IPEF, that will so far include Australia, Brunei, India, Indonesia, Japan, South Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, and Vietnam.

Farmers in the Corn Belt are behind on planting spring crops this year, with cool and wet weather keeping them out of their fields. Many are now racing to get their corn and soybean acres planted before they reach the cutoff dates for federal crop insurance programs.

An agreement to ban food export restrictions could be in reach for the World Trade Organization after years of failing to produce a major achievement.

Russia is doing whatever it can to stop Ukraine from supplying some of the poorest nations with its wheat, corn and sunflower seed oil, effectively using “hunger as a weapon of war,” U.S. Agriculture Secretary Tom Vilsack said during his participation at the G7 summit this weekend in Germany.

India on Saturday banned wheat exports in efforts to protect its domestic supply and that’s drawn the criticism of the U.S. and its fellow G7 member countries, says U.S. Agriculture Secretary Tom Vilsack.