News

Crisis causes sharpest jump in global food prices in two years

Geopolitical tensions in Ukraine, one of the world’s largest grain producers, have triggered the sharpest climb in global food prices over the last two years, the Vedomosti news agency reports, citing the March report of Food and Agriculture Organization of the United Nations (FAO.

Ukraine will ship up to 32mn tonnes of grain globally in 2014

In the current year, Ukraine will export up to 32mn tonnes of grain, making it the world’s second largest exporter of wheat after the United States, said Volodymyr Klymenko, President of Ukrainian Grain Association, during his speech at the First International Ukrainian Wheat to the World! Conference, which took place in Hong Kong on March 2-4.