Archive for March 15th, 2022

LONDON, ENGLAND — The Ukraine-Russia conflict will impact food sectors such as bakery and cereals “severely” in the coming months, according to London-based GlobalData, a data and analytics company.

“Ukraine is a producer of wheat, maize, barley, rye, potatoes and buckwheat, and together with Russia, it supplies a sizeable chunk of the global wheat market,” said Amira Freyer-Elgendy, food and drink associate analyst for GlobalData. “China, Italy and Spain, which are key markets for the global bakery and cereal, are some ...

MOSCOW, RUSSIA — Russia temporarily has banned grain exports to a trading bloc of former Soviet countries until June 30, but a senior government official said it would keep providing special exports licenses to traders within its current quota, Reuters reported.

Russia is the world’s largest wheat exporter with Egypt and Turkey among the main buyers. It competes mainly with the European Union and Ukraine.

Prime Minister Mikhail Mishustin on March 14 signed an order banning the export of wheat, rye, barley ...