Fertilizer Producer Warns Of Global Food Risk
Finance Minister Anton Siluanov called on regional governors to implement strict austerity measures during a meeting of the Council of Legislators. These conditions are reversing previous development gains, according to the report. The crisis is linked to months of losses affecting shipping and the global economy. Ensuring shipping is safe, predictable, and insurable is required to allow the economy to recover. Jean Arnault, acting as a personal envoy, is maintaining contact with various parties to address these issues. Sub-Saharan Africa, India, and parts of Southeast Asia are identified as areas most at risk. The crisis involves both rising fertilizer prices and the fundamental ability of populations to produce food. Commodity prices saw mixed movement as weather conditions in South America stabilized, allowing planting to resume and potentially lowering soybean prices.
Topics
Developing
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Sources · 7 independent
“Anton Siluanov at the meeting of the Council of Legislators. He directly urged governors to implement strict economy. For this, regions will have to take unpopular measures, radically reduce expenditures, cancel ineffective tax incentives, or ask to reduce the state sector.”
“В прошлом году по данным Минфина дефицит региональных бюджетов вырос с 200-300 миллиардов рублей до полуутра триллионов. В 2026 году общая задолжность субъектов Федерации пробить исторический максимум.”
“В 2026 году обшія задовження суб'єкту Федерации можуть пробити історичний максимум. Розходи ростуть і за необхідність”
“BMI Genel Sekreteri, hürmüzdeki kısıtlamaların yıl sonuna kadar sürmesi halindeyse, küresel reisesi riskinin artacağına dair uyarıda bulundu.”
“The head of one of the world's biggest producers of fertilizer has said the interruption to supply and production caused by the US-Israeli war Iran is jeopardizing global food production.”
“un responsable ouest-africain qui évoque notamment les problèmes de sécurité et de déplacement de populations qui risquent d'affecter toute la sous-région.”
“Inflation, it's 5.4%. 32 million people are pushed into poverty. Fertilizers are low, and crops yields fall short. And 45 million more people will face extreme hunger.”
“The crisis is already locked in losses for months ships, pass, let the global economy breathe again. And that requires more than physical reopening. It requires shipping to be safe, predictable and insurable.”
“The vulnerable countries, the ones that are on the lower end of the economic scale, are the ones that are going to be hurt the most. If you look around those regions, you're seeing Sub-Saharan Africa, for example. You're seeing India, parts of Southeast Asia as well.”
“the weather is firmer, allowing planting to resume, which is a bearish factor for prices. Soy prices fall, corn fell 0.06%, wheat fell more, 2.5%, the exception was rice, which closed up 2.4%.”
“you're seeing in- not just higher prices of fertilizer. We're talking about the ability to produce food to feed your populations.”
“the manufacturers has warned that the continued closure of the Strait of Hormuz as a result of the war on Iran could cost the world up to 10 billion meals a week.”
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