NATO members Turkey, Romania and Bulgaria are nearing an agreement to create a joint force to demine their parts of the Black Sea following Russia's invasion of Ukraine.
Wine output in Italy looks set to fall 12% this year to below 44 million hectolitres after extreme weather and fungal diseases severely hit vineyards, Italian wine lobbies UIV and Assoenologi said on Tuesday.
FAO Food Price Index drops in August, reversing the slight rebound of the previous month.
India’s edible oil imports in July rose to a record 1.76 million tons as refiners built up stocks for upcoming festivals given uncertainty over supplies from the Black Sea, dealers said to Reuters.
The FAO Food Price Index (FFPI) averaged 122.3 points in June 2023, down 1.7 points (1.4 percent) from May, continuing the downward trend and averaging as much as 37.4 points (23.4 percent) below the peak it reached in March 2022.
Egypt is set to become the world's largest importer of wheat, but its ability to do this is likely to face severe pressure amid the declining value of the Egyptian pound.
US corn has lacked competitiveness so far in 2022-23, but has found steady demand in Mexico. The origin could struggle in 2023-24 in the face of reduced Chinese demand, particularly if weather conditions do not improve in the US corn belt.
The Commission proposes to mobilise additional EU funding for EU farmers impacted by adverse climatic events, high input costs, and diverse market and trade related issues. The new support package will consist of €330 million for 22 Member States. In addition, Member States today approved the €100 million support package for farmers in Bulgaria, Hungary, Poland, Romania and Slovakia presented on 3 May. Several other measures, including a possibility of higher advance payments should support farmers affected by adverse climatic events.
Beginning in mid-August, the government of New Zealand will require all non-organic bread-making wheat flour, produced or sold in New Zealand, to be fortified with folic acid, a B vitamin essential for the healthy development of babies early in pregnancy.