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09 December 2022 2 min reading

NEWS

Global grain production forecast to fall to three-year lows

In its latest Cereal Supply and Demand Brief, FAO further cut its forecast for world cereal production in 2022, which now stands at 2 756 million tonnes, a 2.0 percent drop from 2021. The reduction largely reflects low maize production prospects in Ukraine, where the impact of the war has made post-harvesting operations prohibitively expensive.

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09 December 2022 5 min reading

NEWS

Global food crises ‘likely to increase’ in the future without wider systemic change, FAO says

The world’s ability to nourish its burgeoning population is under threat and without broader socioeconomic and environmental change, sustainable agrifood systems will be impossible to achieve, according to a new report by the Food and Agriculture Organization of the United Nations (FAO).

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09 December 2022 2 min reading

NEWS

Global food prices fall slightly in November

The measure of changes in world food commodity prices remained largely steady in November, with declining international prices of cereals, meat and dairy products offsetting increasing quotations for vegetable oils and sugar, the Food and Agriculture Organization of the United Nations (FAO) reported.

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09 December 2022 2 min reading

NEWS

Cargill acquires Kentucky-based Owensboro Grain Company

Cargill and Owensboro Grain Company, a fifth-generation family-owned soybean processing facility and refinery located in Owensboro, Ky., announced that they have entered into a definitive agreement where Cargill will add Owensboro Grain Company (OGC) to its North American agricultural supply chain business.

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06 December 2022 2 min reading

NEWS

Interlegal offers free online shipping & trade conference

Interlegal with the Black Sea Institute of maritime and trade law invites shipping & trade professionals to join Online Shipping & Trade Day.

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29 November 2022 4 min reading

NEWS

Currency depreciations risk intensifying food crisis in developing economies

The shrinking value of the currencies of most developing economies is driving up food and fuel prices in ways that could deepen the food and energy crises that many of them already face, according to the World Bank’s latest Commodity Markets Outlook report.

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29 November 2022 1 min reading

NEWS

CESCO opens a new logistics and assembly center in southern Germany

On November 9, the first truck unloaded its shipment at the new CESCO EPC facility in Germany. On a total area of 1,000 m2, CESCO has set-up a new hall for the logistics and final assembly of its products for worldwide shipping.

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29 November 2022 4 min reading

NEWS

G3, Paterson, Elbow Lake Co-op Grain win CP Elevator of the Year Award

Canadian Pacific (CP) announced its winners for Elevator of the Year for the 2021-2022 crop year: Paterson Flagstaff (Outbound Grain - Canada), G3 Carmangay (Inbound Grain - Canada), and Elbow Lake Co-op Grain (U.S.).

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29 November 2022 3 min reading

NEWS

New Dashboard to track food and nutrition security and global response

The Global Alliance for Food Security (GAFS), jointly convened by the German Group of Seven (G7) Presidency and the World Bank Group, launched the Global Food and Nutrition Security Dashboard as a key tool to fast-track a rapid response to the unfolding global food security crisis.

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29 November 2022 4 min reading

NEWS

Global food import bill set to rise to $2 trillion due to higher prices

The world food import bill is estimated to rise to US$1.94 trillion in 2022, higher than previously expected, according to a new report released by the Food and Agriculture Organization of the United Nations (FAO).

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29 November 2022 3 min reading

NEWS

CP breaks all-time monthly tonnage record

Canadian Pacific (CP) broke its all-time monthly record for shipping Canadian grain and grain products, moving 3.14 million metric tonnes (MMT) in October 2022. This makes October 2022 CP’s biggest month ever for moving these products, breaking the previous monthly record set in October 2020 by more than 100,000 metric tonnes.

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29 November 2022 2 min reading

NEWS

COP27 closes with deal on loss and damage

After days of intense negotiations in Sharm el-Sheikh, countries at the latest UN Climate Change Conference, COP27, reached agreement on an outcome that established a funding mechanism to compensate vulnerable nations for ‘loss and damage’ from climate-induced disasters.

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