LONDON — Lloyd’s of London insurer Ascot and broker Marsh on Friday launched marine cargo and war insurance for grain and food products moving from Ukrainian Black Sea ports, removing a hurdle to getting shipments underway. Russia and Ukraine signed a deal last week, brokered by Turkey and the United Nations, to reopen grain and […]
Tag: grain
As Ukraine grain deal emerges, US aims to ease concerns over Russia sanctions
WASHINGTON — The United States on Thursday sought to facilitate Russian food and fertilizer exports by reassuring banks, shipping and insurance companies that such transactions would not breach Washington’s sanctions on Moscow over its invasion of Ukraine. Enabling those Russian exports is a key part of attempts by the United Nations and Turkish officials to […]
China meat ambitions to require foreign grain suppliers to step up
CHINA’S reaffirmation of a long-term goal to be almost entirely self-sufficient in pork production means it will keep scooping up global grain supplies to feed the world’s largest pig herd. The country, which consumes half of the world’s pork, will maintain a target to produce 95% of the protein at home through 2025. It wants […]