Reading Time: < 1 minute A Russian ship carrying wheat that was believed to have sunk in the Sea of Azov after a Ukrainian drone attack has been found and towed to shore.
Tag Archives global shipping
Russian grain ship believed sunk in Ukrainian drone attack found, towed to shore, TASS says
Farmers see fertilizer price surge as Iran war blocks exports, threatening losses
Reading Time: 3 minutes The world’s farmers face soaring fertilizer and fuel prices as the war in the Middle East escalates, leaving some scrambling for supplies as the spring planting season approaches.
OPINION: How the Iran war could create a ‘fertilizer shock’ – an often ignored global risk to food prices and farming
Reading Time: 4 minutes A sustained disruption of traffic through Hormuz would not simply constitute an energy crisis. It would also represent a fertilizer shock (where prices go up dramatically and supply goes down) – and, by extension, a direct risk to global food security.
Bunge exploring alternative shipping routes amid Middle East conflict
Reading Time: < 1 minute Global grains trader Bunge is exploring alternative shipping routes and working with customers to minimize any disruptions caused due to the conflict in the Middle East, a company spokesperson told Reuters.
U.S. soybean exports risk 20 per cent drop without improved China deal
Reading Time: 2 minutes U.S. soybean exports may drop 20 per cent and prices will plunge if the United States and China fail to resolve their trade dispute limiting U.S. soybeans from their largest market, agribusiness consultancy AgResource said on Wednesday.
India forecasts above average monsoon rains in boost to crop output, economy
Reading Time: 2 minutes India is forecasting above-average monsoon rains in 2025 for the second year running. This is expected to increase agricultural production and economic growth.
How are U.S. tariffs affecting American agricultural trade so far?
“Irreplaceable” market China has already decreased reliance on American soy, corn
Reading Time: 5 minutes New deals could be struck with over tariffs “perhaps even by the end of the week,” U.S. Agriculture Secretary Brooke Rollins told Fox News on Tuesday as the country’s self-made trade war threatened markets for American farm goods.
Trump trade threats compound global ocean shipping uncertainty
Reading Time: 3 minutes The global ocean shipping industry that handles 80 per cent of world trade is navigating a sea of unknowns as U.S. President Donald Trump stokes trade and geopolitical tensions with historical foes as well as neighbors and allies.
Tentative labour deal heads off US port disruption; Trump credited
Reading Time: 2 minutes A tentative labor deal forestalled potentially damaging trade disruptions at three-dozen U.S. East Coast and Gulf of Mexico ports, with both sides in the talks crediting President-elect Donald Trump for clearing the way for them to hammer out a deal on automation.
Trump suggests U.S. should retake control of Panama Canal
Reading Time: 3 minutes President-elect Donald Trump threatened to reassert U.S. control over the Panama Canal on Sunday, accusing Panama of charging excessive rates to use the Central American passage and drawing a sharp rebuke from Panamanian President Jose Raul Mulino.