Energy crops

Argentina lost half of its seasonal soybean harvest in its main production area, the rich and normally humid center of the country, due to drought, the Rosario Stock Exchange has said.

World food prices fell for a ninth month in a row in December but hit their highest level on record for the full year in 2022, U.N. data have showed.    

Food prices soared to a monthly record high in March after Russia invaded agricultural powerhouse Ukraine, a major supplier of wheat and cooking oil to the world.    

World food prices have fallen for a fifth consecutive month, partly thanks to the resumption of exports from Ukraine's Black Sea ports, a UN agency said on Sept. 2.

Ljubljana – Prime Minister Robert Golob announced on Friday that the state would provide more than EUR 22 million in aid to farmers for various purposes. The state will purchase through the Agency for Commodity Reserves this year’s entire harvest of wheat in Slovenia to provide a “clear buyer and stable price” to farmers.

Before the start of the war, Ukraine was the world’s fourth-largest exporter of wheat and corn

Turkey's wheat production is expected to increase by 17.6 percent this year from 2021 to 20 million tons, according to a report by the country's grains council (UHK).

Russia's war on Ukraine has sent grain prices skyrocketing, a worry for consumers worldwide but potentially a boon for producers like Argentina, which hopes an influx of soybean "agridollars" will boost its faltering economy.    

Indonesia's decision to suspend palm oil exports in the face of domestic shortages has pushed vegetable oil prices to new highs, further tightening a market already on edge due to the war in Ukraine and global warming.

An unusually early, record-shattering heat wave in India has reduced wheat yields, raising questions about how the country will balance its domestic needs with ambitions to increase exports and make up for shortfalls due to Russia's war in Ukraine.

World food prices hit an all-time high in March as Russia's invasion of breadbasket Ukraine has disrupted wheat and coarse grain exports, the United Nation's Food and Agriculture Organization said on April 8.

The FAO's food price index surged by 12.6 percent between February and March, "making a giant leap to a new highest level since its inception in 1990," said the FAO.