Ukrainian dairy farmers risk their lives keep producing milk
In short: Ukrainian dairy farmers are struggling to keep producing milk amid the Russian invasion. Up to 200,000 cows have been killed, half the industry has been lost, and some farmers have been drafted into the army. What’s next? Farmers are determined to forge on and keep the industry going. Warning: This article contains images some readers may find […]
World food prices hit record high in 2022 despite December fall
World food prices eased in December marking the ninth consecutive monthly fall, but gained more than 14 per cent in 2022 compared to the previous year, to reach the highest since records began, the UN food agency said on Friday. The Food and Agriculture Organization’s (FAO) food price index, which tracks international prices of the […]
Danone to shed Russian dairy business with 1 bln euro write-off
French food company Danone (DANO.PA) will shed control of its dairy food business in Russia in a deal that could lead to a write-off of up to 1 billion euros ($978 million), it said on Friday. Joining a lengthening list of global companies making costly exits from Russia over the war in Ukraine, Danone will be offloading a business […]
Most dairy firms in Ukraine continue operation despite the war
Ukraine has no critical need of dairy imports, as nearly 65% of dairy companies in the country are maintaining operations despite the continuing Russian invasion, the Ukraine union of dairy enterprises said in a statement. Arsen Didura, executive director of the organisation, estimated that given the warehouse stocks of dairy products the domestic demand could […]
Food, fuel price shocks to last at least 3 years – World Bank
World Bank expects energy prices to rise more than 50% Global food and fuel price shocks linked to the Russia-Ukraine war are set to last until at least the end of 2024 and raise the risk of stagflation, the World Bank said in its latest Commodities Market Outlook report. In its first comprehensive analysis of […]
Food, fuel price shocks to last at least 3 years – World Bank
World Bank expects energy prices to rise more than 50% Global food and fuel price shocks linked to the Russia-Ukraine war are set to last until at least the end of 2024 and raise the risk of stagflation, the World Bank said in its latest Commodities Market Outlook report. In its first comprehensive analysis of […]
Ongoing Russia-Ukraine conflict has led to financial losses to Goa Dairy
The ongoing conflict between Russia and Ukraine has had financial repercussions in the dairy sector, with Goa Dairy facing huge losses from rising raw material costs to produce cattle feed. After posting a profit for the first time during the last fiscal year, Goa Dairy’s cattle feed manufacturing plant in Mharvasaddo-Usgao has faced a loss […]
Russia-Ukraine war in world’s ‘breadbasket’ threatens food supply
The Russian tanks and missiles besieging Ukraine also are threatening the food supply and livelihoods of people in Europe, Africa and Asia who rely on the vast, fertile farmlands of the Black Sea region known as the breadbasket of the world. Ukrainian farmers have been forced to neglect their fields as millions flee, fight or […]
Russia-Ukraine war in world’s ‘breadbasket’ threatens food supply
The Russian tanks and missiles besieging Ukraine also are threatening the food supply and livelihoods of people in Europe, Africa and Asia who rely on the vast, fertile farmlands of the Black Sea region known as the breadbasket of the world. Ukrainian farmers have been forced to neglect their fields as millions flee, fight or […]