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World wheat prices break 2008 record
Global wheat prices have exceeded the previous record high observed in 2008. Global food prices are also skyrocketing.
This was reported by Bloomberg, Ukrinform reports.
The world is facing a huge shortage of grain, as the war effectively halted more than a quarter of the world's wheat exports.
Against this background, its prices fluctuate at a record high.
For example, Chicago futures fell to $12.02 ($ 277.9 per tonne) per bushel ($277.9) after rising to $13.63 ($ 315.1 per tonne), the historical high at bidding.
Read also: Number of Ukrainian refugees in Europe could grow to 5M - Borrell
Corn trade is approaching its highest level since 2012, while soybean and palm oil have reached record high levels.
"Global food costs are already at a record, and the surge in grains and cooking oil prices since Russia’s invasion is only going to send them higher, pushing more people into hunger and boosting government spending on food subsidies,” the report reads.
It is noted that in March, the G7 agriculture ministers will hold a special meeting to discuss the impact of the ongoing war in Ukraine on global food security, as well as ways to stabilize markets.
As reported, the 2022 sowing campaign in Ukraine will begin where possible, taking into account the ongoing hostilities. Minister of Agrarian Policy Roman Leshchenko stressed that farmers should continue their work.
Kharkiv region exposes agents who wanted to transfer energy developments to Russia.
Law enforcement officers neutralized a hostile intelligence network in the Kharkiv region, which, according to the investigation, planned to transfer technological developments in the energy sector to Russia.
Ukrainian students to present in six countries 'song without words' about peace.
A group of Ukrainian students will hold an audio performance in six countries across Europe to draw the attention of Europeans to the fragility of peace.
Kuleba, Tajani discuss bolstering Ukrainian air defenses.
Ukrainian Foreign Minister Dmytro Kuleba and his Italian counterpart Antonio Tajani have discussed how Italy can help bolster Ukraine's air defenses.
Death toll from Russian attack on Dnipropetrovsk region rises to nine.
The number of people killed in Russian missile strikes on Ukraine's southeastern Dnipropetrovsk region has increased to nine after a wounded child died in the hospital.
Four civilians killed by Russian shelling in Donetsk region on Apr 18.
The Russian army killed four residents of Ukraine's eastern Donetsk region on Friday, April 18.
Bernstein: I wouldn't 'overestimate' importance of Jan.
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Bombshell report reveals China's role in fentanyl crisis.
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Watch live: MPs consider more Lords amendments to the Rwanda bill.
The House of Commons will turn its attention back to the Rwanda bill after the Lords passed four amendments in another round of parliamentary "ping-pong". It is highly likely MPs will reject the amendments, and the Safety of Rwanda Bill will head ...