Imagine a world where technology is used to connect a finished food product with its own supply chain data, as well as any information pertaining to sources for its ingredients.

The USDA reduced its forecast of global rice exports by 1.9 million tons for 2023 and 3.4 million tons for 2024. 

Traders have booked at least four cargoes of Australian grain for shipping from September to October after Beijing removed import tariffs on August 5.

The “wahre Kosten” or “real costs” campaign was triggered by the belief that prices in supermarkets do not reflect the true environmental or long-term health costs of food.

The strike on August 4 came after Russia hit numerous port and grain-terminal targets, disrupting Ukraine’s ability to export grain.

The EU warned developing countries that Russia would begin offering cheap grain as a way to create new dependencies stemming from economic vulnerabilities and global food insecurity.

Since June 2023, sugar prices have risen by 42% year-on-year with more increases expected during the second half of the year due to ongoing shortages.

Bubs Australia steps up to help alleviate the infant formula shortage in the U.S., drawing on software from SPS Commerce to manage its long-distance retail supply chain.

“More restrained” supplies, further easing of restrictions on U.S. exports, and potentially lower grain costs are all expected to contribute to an improved outlook.