Russia bans grain exports

[Treyfish]

Thursday August 05 2010
Russian Prime Minister Vladimir Putin has confirmed that the country will temporarily halt the export of grains due to drought.
"In connection with the unusually high temperatures and the drought, I consider it right to impose a temporary ban on the export from Russia of grain and other products produced from grain," he said.:tiphat:http://www.agra-net.com/portal2/home.jsp?template=newsarticle&artid=20017798795&pubid=ag002

 

[Treyfish]

Re: Russia bans grain exports

Russia - Worse drought in 130 years

05 Aug 2010
Russia's worst drought in 130 years will force its grain exports down by nearly one-half, SovEcon has forecast, flagging the potential for the Kremlin to impose restrictions on shipments.

The forecast from the influential analysis group sent prices higher once more on international markets, with wheat for September adding 2.2% to $6.08 a bushel in Chicago as of 12:15 GMT...:tiphat:http://www.meattradenewsdaily.co.uk/news/050810/russia___worse_drought_in__years.aspx

 

[Sally Furniss]

Re: Russia bans grain exports

Russia extends ban on wheat exports

Russia's Prime Minister Vladimir Putin said: "It is necessary to note that we will be able to end the export ban only after next year's harvest is gathered and the picture regarding grain balances becomes clearer."

more
http://www.theaustralian.com.au/bus...wheat-export-ban/story-e6frg8zx-1225913639280

 

[Shiloh]

Re: Russia bans grain exports

Source: http://www.ft.com/cms/s/0/5f6f94ac-b6bc-11df-b3dd-00144feabdc0.html

Fears grow over global food supply

By Javier Blas in London, Courtney Weaver in Moscow and Simon Mundy in Johannesburg

Published: September 2 2010 19:25 | Last updated: September 2 2010 19:25

Russia announced a 12-month extension of its grain export ban on Thursday, raising fears about a return to the food shortages and riots of 2007-08 which spread through developing countries dependent on imports.

The announcement by Vladimir Putin came as the UN?s Food and Agriculture Organisation called an emergency meeting to discuss the wheat shortage, and riots in Mozambique left seven dead.

The unrest in Maputo, in which 280 people were also injured, followed the government?s decision to raise bread prices by 30 per cent. Police opened fire on demonstrators after thousands turned out to protest against the price hikes, burning tyres and looting food warehouses...

 

[Treyfish]

Re: Russia bans grain exports

U.N. Raises Concerns as Global Food Prices Jump

Sergio Costa/Agence France-Presse ? Getty Images
Angry rallies in Mozambique partly over a 30 percent rise in the cost of bread left 10 dead. A young protester in Maputo stood by a burning vehicle on Thursday.

<nyt_byline>By NEIL MacFARQUHAR

</nyt_byline>Published: September 3, 2010

<nyt_text><nyt_correction_top></nyt_correction_top>
snip


Food prices rose 5 percent globally during August, according to the United Nations, spurred mostly by the higher cost of wheat, and the first signs of unrest erupted as 10 people died in Mozambique during clashes ignited partly by a 30 percent leap in the cost of bread.

?You are dealing with an unstable situation,? said Abdolreza Abbassian, an economist at the United Nation?s Food and Agriculture Organization in Rome.
?People still remember what happened a few years ago, so it is a combination of psychology and the expectation that worse may come,? he added. ?There are critical months ahead.?

snip

?There are reasons to be watching this and to be concerned because regionally there will be supply challenges,? said Justin P. Gilpin, the head of the Kansas Wheat Commission. ?There is uncertainty in the marketplace.?
A decade ago, the area around the Black Sea ? mainly Russia, Ukraine and Kazakhstan ? used to supply just about 4 percent of the wheat traded internationally. But most of the growth in demand globally has been supplied from there, and the region now produces about 30 percent of the wheat traded internationally, said Mr. Abbassian. This is the first time a supply crisis has originated from that area, he noted...

:tiphat:http://www.nytimes.com/2010/09/04/world/04food.html?_r=1</nyt_text>