Minerals critical for the green transition and highly traded agricultural products are especially vulnerable to “geo-economic fragmentation,” the IMF said October 3.

The nation, which has curbed overseas sales of all grades of rice to control domestic food inflation, will reduce the minimum export price to $850 a ton from $1,200.

Prices of the crop, a staple for half the world, surged to the highest levels in almost 15 years after the globe's top shipper began curbing exports.

The leaders of Ukraine and Kenya did not provide any details on how the grain hub would be set up or how grain would be transported to Africa.

Japan said that China was the world’s biggest importer of Japanese seafood in 2022 after the country acquired $571 million of seafood.

Kroger said it has achieved “meaningful operational efficiencies” in its supply chain through improved transport capacity utilization and increased productivity in its warehouses and across its network.

An index of food-commodity costs fell by 2.1% in August on subdued demand and good outputs of vegetable oils and milk.

Tyson recently closed down its Van Buren, Arkansas plant, one of six planned shutdowns to cut costs as Tyson deals with flat demand and a drop in wholesale prices.

The government should develop new water interconnections and transfers between basins and invest in expanding and modernizing water storage as well as irrigation infrastructure, Fiab said in the statement.

The world’s top exporter agreed to sell 79,000 tons of non-basmati white rice to Bhutan, 50,000 tons to Singapore and 14,000 tons to Mauritius.