We start with food prices because grain futures have continued to rise on us markets after russian missiles targeted ukraine s black sea coast. they destroyed 60,000 tonnes of grain and damaged storage infrastructure. the attacks come after russia pulled out of a deal which guaranteed safe passage for grain shipments out of ukraine. well, let s get more on this from aneeka gupta, director of research, at asset manager wisdomtree. firstly, russia targeting these stores, pulling out of this deal, it is a double blow for grain and food prices. is a double blow for grain and food rices. , , ., . is a double blow for grain and food rices. , ,, . ~ prices. yes, you are right. we ve seen grain prices. yes, you are right. we ve seen grain prices prices. yes, you are right. we ve seen grain prices respond - prices. yes, you are right. we ve seen grain prices respond to - prices. yes, you are right. we ve i seen grain prices respond to russia pulling out from the black sea grain deal. we
Dennis voznesenski, senior agriculture analyst at rabobank in sydney, australia. chicago grain futures are on track for their biggest weekly rise in more than a year how big a worry is this? you are right. since the close of business on friday, prices have risen about 12% in world trade. the chicago board of trade. the chicago board of trade is a bellwetherfor global supply and demand and pricing. it is concerning but the question is will prices rise as much as after the invasion? initially, they were exporting through those ports. but there has been investment to move the rail, road, and over the danube river. it won t solve everything. anywhere between 35 and 50% are passing through those ports, but this is different to february last year. in is different to february last ear. , ., ., year. in your view we are unlikely year. in your view we are unlikely to year. in your view we are unlikely to see year. in your view we are unlikely to see the - year. in your view we are un
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You have to pay attention to it. i the watchdog says unit pricing provides critical information in this cost of living crisis, and the rules need improving to make sure shoppers get the best deals. emma simpson, bbc news. let s stay with food prices, because grain futures have continued to rise on us markets after russian missiles targeted ukraine s black sea coast, destroying 60,000 tonnes of grain and damaging storage infrastructure. the attacks come after russia pulled out of a deal which ensured safe passage for grain shipments out of ukraine. our diplomatic correspondent paul adams reports. russia is lashing out. three nights of attacks on ukraine s ports and their storage facilities. russia has never been happy about the grain deal, but after the attacks and the rhetoric, is it going up in flames? the deal, known as the black sea grain initiative, was struck almost exactly a year ago. it allowed ukrainian agricultural exports stuck since russia s full scale
The poor crop ratings are likely to add to concerns of irrevocable damage to the U.S. crops, at a time bumper harvests are needed to replenish global stockpiles.