Finding enough seafarers willing to sail ships stuck inside Ukraine’s ports is set to pose a major challenge to the resumption of Ukrainian grain exports.
The paper agreement to restart Ukrainian grain exports via the Black Sea is running up against the reality of how difficult and risky the pact will be to carry out.
Increased demand from Europe amid the war in Ukraine drove a rise in exports to an average of 11.2 billion cubic feet per day, a 12% jump compared to the second half of 2021.
IMF now expects the world economy to grow 3.2% in 2022 before slowing to a 2.9% GDP rate in 2023 — marking a downgrade of 0.4 and 0.7 percentage points, respectively, from its April forecasts.
Brazilian and Chinese officials are re-discussing a protocol aimed at allowing Brazilian corn to be shipped to China sooner than initially intended, according to Brazil’s ag minister.
The International Grains Council (IGC) trimmed its forecast for this year’s global corn output, largely driven by drought stress in the European Union.
