Lviv | Reuters — U.N. Secretary-General Antonio Guterres urged Russia and Ukraine on Thursday to show a “spirit of compromise” to ensure the continued success of a U.N. brokered deal […] Read more
U.N. chief seeks ‘spirit of compromise’ over Ukraine grain initiative
Deal sees 21 outbound ships so far
China takes steps to slow phosphate exports
Government plans to use quota system to limit amount of fertilizer shipped out of the country to control domestic prices
Reuters – China is rolling out a quota system to limit exports of phosphates in the second half of this year, analysts said, citing information from the country’s major phosphate […] Read more
First Ukraine grain deal ship docks in Turkey
Lebanese buyer refused delivery
Istanbul | Reuters –– The first grain ship to depart from Ukraine under a U.N.-brokered deal docked in Turkey on Thursday after 11 days at sea, Refinitiv data showed, and […] Read more
JBS quarterly profit falls almost 10 per cent but tops estimates
Cattle prices 'above the expected level'
Sao Paulo | Reuters — JBS, the world’s largest meatpacker, posted an almost 10 per cent drop in net profits, to US$766 million, driven by the relative weakness of its […] Read more
La Nina conditions to continue, but odds lower into winter
Reuters — Chances for La Niña are expected to gradually decrease from 86 per cent in the coming season to 60 per cent during December to February in 2022-23, a […] Read more
Russia to ban some imports of seeds from Canada, Europe
Canada's Prograin soybean seed on list
Moscow | Reuters — Russia will ban imports of some seeds from several locations in Europe and Canada from Aug. 15, its agriculture safety watchdog said on Thursday, citing non-compliance […] Read more
Cargill fiscal 2022 revenue jumps to record US$165 billion
Reuters — Global commodities trader Cargill on Tuesday reported that its fiscal year 2022 revenue jumped 23 per cent from a year earlier to a record US$165 billion. The strong […] Read more
Ford raises prices of electric F-150 amid high commodity costs
Reuters — Ford Motor Co. said Tuesday it would raise the prices of its electric F-150 Lightning pickup as the U.S. carmaker deals with surging raw material costs. The automaker […] Read more
Fairfax proposes takeover of Recipe dining group
Chains include The Keg, Swiss Chalet, Harvey's
Reuters — Recipe Unlimited Corp. said on Tuesday shareholder and investment firm Fairfax Financial Holdings has proposed to take the Canadian restaurant operator private for $1.23 billion, sending its shares […] Read more
Ukraine’s first outbound corn cargo refused by buyer
Buyer cites months of delay, embassy says
Istanbul | Reuters — The Razoni, the first ship to depart Ukraine under a U.N.-brokered deal, is looking for another port to unload its grain cargo as the initial Lebanese […] Read more