Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
wfp.org | First shipment of Russian fertilizer marks breakthrough in global supply crunch, 12 Nov charity toward none
As part of the efforts by the UN Secretary-General Antonio Guterres to address global food insecurity through the full implementation of the two agreements signed on 22 July in Istanbul to ensure the unimpeded access to food and fertilizers from Ukraine and the Russian Federation, the World Food Programme (WFP) is facilitating the donation of 260,000 MT[!] of fertilizer by the Russian fertilizer company Uralchem-Uralkali to countries in most need in Africa. WFP is grateful for the contributions and support from Uralchem-Uralkali.
At the request of the UN, the first shipment of 20,000 MT of NPK will be loaded onto a WFP-chartered vessel next week and will sail from the Netherlands the week of 21 November. The vessel will sail via Mozambique, with Malawi as the final destination.
WFP also thanks the Government of France for initiating the 'Save Crops Operation', which was launched on the margins of the 77th United Nations General Assembly in September [23, 2022]
At this occasion, we, France, Senegal acting as chair of the African Union, the African Union Commission, the European Commission, [and] the President of the Council of Ministers of the Lebanese Republic[] in the presence of the heads of UNCTAD, the WFP, the FAO, IFAD, the World Bank Group, the IMF, the WTO[,] and Afreximbank agreed to launch a NEW! initiative, "Save Crops Operation", to promote access to fertilizers and other critical inputs in vulnerable countries
In the face of price volatility, our priority is to lift unnecessary export restrictions, fight speculation and improve stock transparency. By the G20 Bali Summit, the FAO and the WTO will conduct a mapping exercise on export restrictions G7 sanctions, market transparency through the Agricultural Market Information System (AMIS), as well as on fertilizers needs and production bottlenecks in vulnerable countries and especially on the African continent, in view of proposing concrete options to [l]eaders....
—We will launch an emergency fertilizer purchase mechanism for Africa.
We will build on the Africa Trade Exchange (ATEX) mechanism launched by the African Union, UNECA[,] and Afreximbank to pool demand, reduce prices[,] and buy African production in priority.
We will support this mechanism both on the financial side, by increasing Afreximbank's capacities to reduce the cost of financing for vulnerable economies, including by addressing foreign currency exposures, and by providing low-cost logistical solutions in the framework of the "solidarity mechanism" launched by the World Food Program in the framework of the FARM initiative and in partnership with the private sector.

We will support the most vulnerable economies by enlarging their fiscal space to buy fertilizers, building on [IMF] SDR re[-]channelling strategy, as well as on the new "food shock window" under discussion within the IMF's shareholding. ...
—We will support production, both in the short and medium-term.
A meeting of CEOs of fertilizer-producing companies will be convened in Paris in the run-up to the G20 Summit in Bali to scale-up production as fast as possible.

The ATEX platform will provide long-term contracts to African producers. We will explore swap agreements to ensure that long-term contracts already issued by African producers can benefit to African farmers in priority.

Finally, we call on gas producers [FAIL] throughout the world to take responsibility for limiting price increases and ensuring market transparency [so G7 securities regulators wash hands], which are essential to maintain fertilizer production capacity in all regions of the world.

["]enable["] the transportation of several shipments of fertilizer to West Africa in the coming weeks on WFP chartered vessels.
RT | Russian fertilizers to leave EU port, 12 Nov cautionary "loss & damage" paradigm
On Friday, the Dutch government confirmed that the Russian fertilizer cargo has been given permission to leave the port at the UN's request.

"The decision to release the fertilizer was made on the understanding that the UN would ensure that it is delivered to the agreed location, Malawi, and that the Russian company and sanctioned individual will earn nothing from the transaction," the Dutch Foreign Affairs Ministry said in a statement.

It did not disclose the name of the Russian company that owns the shipment. Earlier this month, however, TASS news agency reported that Russian fertilizer producer Uralchem-Uralkali was ready to donate 240,000 tons of its fertilizers stuck in EU warehouses for humanitarian purposes, with the first shipment destined for Malawi.

archived "News to you", UNGA 77 in The Roots of Biden's War in Ukraine Reviewed
by Cat on Sun Nov 13th, 2022 at 12:37:19 AM EST
[ Parent ]


Occasional Series