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.

Putin said Russia would be able to provide Burkina Faso, Zimbabwe, Mali, Somalia, the Central African Republic and Eritrea with 25,000 to 50,000 tons of free grain.

The Ukrainian Port of Reni on the Danube was operating at maximum capacity July 25, despite an attack by Russian drones July 24.

Even before Russia terminated the Black Sea agreement, Ukraine had increasingly relied on alternative routes for its exports.

The latest ruling by the South Asian nation, which has already imposed restrictions on wheat and sugar exports, would affect about 25% of total rice shipments from India.