World food prices rose in October to an 18-month high as vegetable oils led increases seen in most food staples, United Nations' data showed on Friday.
Some U.S. agriculture producers are bracing for the prospect of a fresh trade war under U.S. President-elect Donald Trump again hitting exports of farm goods to China, but they said while any new tariffs would hurt, they felt better prepared.
Russia's curbs on wheat exports have inadvertently helped Ukraine secure lucrative sales to Egypt this week while also inflating prices for the world's top importer, traders said.
Commodities from grains, to oil and gas dropped on Wednesday morning as the U.S. dollar rallied and victory for Republican Donald Trump in the U.S. presidential election stoked concerns about tariffs and economic growth.
October weather, as well as in September, was unfavourable for the development of Ukrainian winter crops, most of which lack moisture, analyst APK-Inform quoted the Ukrainian national agricultural academy as saying on Monday.
China is willing to cooperate more closely with Russia in the soybean industry, its agriculture ministry quoted an official as saying on Wednesday, without giving any details.
There's an internal battle in BRICS over its future direction. This, in turn, creates space and time for the West to exercise more positive and constructive influence in the ongoing process of reshaping the international order.
Leaders of the nations in the BRICS grouping, which accounts for 37 per cent of global economic output, predicted its influence would grow as they met in Russia on Tuesday, outlining common projects ranging from a grain exchange to a cross-border payments system.
China's rapeseed meal futures sunk 4.6 per cent on Monday on hopes that Beijing would ease an anti-dumping probe on imports of Canadian rapeseed after Ottawa said it would grant firms temporary relief from tariffs on Chinese electric vehicles.
Indian buyers do not expect supplies of Canadian lentils and potash to be affected by the diplomatic row between New Delhi and Ottawa, trade, industry and government officials said.