FAST FIVE: "It Is Very Serious": War And Weather Threaten To Send Food Prices Even Higher
“They are making it hard for farmers to plant and grow their crops,” he said, while calling for Ukrainian ports in the Black Sea to reopen in order to get grain out of the country and help ease the food supply crunch – in part because trading must resume so that packed grain silos can free up storage space for this year's harvest.
As conflict continues, Mr Fyrwald said Syngenta is working with farmers in Ukraine but also continuing to supply Russian farmers with seeds and chemicals.
Companies cite humanitarian grounds for their decisions to keep operating certain parts of their business in Russia, which is expected to increase its wheat exports from a year ago, according to the USDA.
“Snygenta has looked at it and decided that we serve farmers everywhere in the world,” Mr Fyrwald said.
“We are not political.” -WSJ According to the USDA's Vilsack, the US needs to look for new ways to boost crop production. “Every generation of Americans get tested,” he said, adding that the aftermath of the pandemic, weather phenomenon, and the war in Ukraine are “significant challenges, but there is significant capacity for us to emerge stronger.” Tyler Durden Fri, 07/01/2022 – 19:25.