Articles Tagged with ''russia''

Progress was made Wednesday toward an agreement to open up Ukraine’s main Black Sea ports and a deal could be struck soon, according to Ukrainian President Volodymyr Zelensky.

Officials representing Ukraine, Russia, Turkey and the United Nations met Wednesday in Istanbul in an effort to forge an agreement to allow Ukraine to resume exporting its corn, wheat and sunflower seed oil from the country’s primary ports, three of which are in Odesa.

The Moroccan phosphate giant OCP got a major boost to its effort to reenter the U.S. phosphate market at the U.S. Court of International Trade, but company executives say there may be more challenging legal battles ahead in a campaign that has fertilizer-dependent farmers on their side.

The forecast for U.S. wheat production got a boost Tuesday with bigger estimates for spring and durum, but global supplies are expected to remain at their lowest level since the 2016-17 marketing year, according to USDA's latest World Agricultural Supply and Demand Estimates report.

Russian military advances are threatening fields in southern and eastern Ukraine that are some of the most fertile in the country and the country's primary growing regions for winter wheat, according to market analysts and researchers.

The war rages on, but Ukraine is already looking ahead to the task of rebuilding the country, and a new estimate from the Kyiv School of Economics indicates the agriculture sector has already suffered $27.6 billion in damages.

The Commerce Department has issued final rulings that Russia and Trinidad and Tobago unfairly subsidize exports of urea ammonium nitrate fertilizer, which is dumped in the U.S. at below market prices.

The U.S. International Trade Commission is considering finalizing the process of slapping duties on key foreign sources of urea ammonium nitrate fertilizer, but three GOP lawmakers are urging the agency to reverse course out of consideration for U.S. farmers, who are dealing with widespread inflation and supply chain disruptions.

The Biden administration on Thursday pledged to help repair Ukraine’s agriculture sector from the damages of the Russian invasion even as the war rages on and farmers struggle to bring in crops.

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.