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worldbank | 1Q2024 corn, wheat prices, April 2024 starving Africans
The World Bank's food price index eased in early April after falling by about 4 percent in 2024Q1 (q/q), to a level 9 percent lower than a year earlier.
Both wheat and maize prices hit three-year lows during the quarter, with the downtrend continuing in early April. The decline in maize prices was attributed to competitively priced offers from the Black Sea region, larger production in major exporters, and favorable prospects for the next harvest, with global maize production in the 2023-24 season expected to increase by 6 percent to an all-time high. Downward pressure on wheat prices derived from robust exports from Russia nd Ukraine and the second-highest global production on record in 2023-24. The collapse of the Black Sea Grain Initiative had minimal fallout, as Ukraine has so far been able to continue
exporting via seaborne corridors and new overland routes.
pap.pl | Farmers' protest action in front of the Grebennoye checkpoint has ended, 29 Apr
"I didn't agree to another protes. Among the reasons are losses incurred by merchats, customs agencies and customs wharehouses. I understand frmers, but it is impossible for the residents of the municipality to constantly suffer," the mayor stressed.
The main demands of farmers are the elimination of the "Green Rate" and blocking the import of agricultural products fom Ukraine.
S&P Global | Polish manufacturing downturn reaches two-year mark in April, 2 May
Polish goods producers remained optimistic about the likelihood of higher output in the next 12 months. A number of firms were hopeful of a recovery in market conditions and higher exports. That said, growth forecasts were the weakest in six months and below the long-run trend.###
pap.pl | Poland's GDP growth is expected to reach 2.9 percent this year, while inflation is expected to reach 3.9 perceent, 2 May OECD forecast
by Cat on Thu May 2nd, 2024 at 08:30:45 PM EST
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