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Yara’s fertilizer terminal at Stockton, California. (Sebastian Braum photo, Yara.com)
Crops, Reuters

Fertilizer maker Yara says world faces extreme food supply shock

Sanctions cut global fertilizer supply 15 per cent, company says

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Davos, Switzerland | Reuters — Norwegian fertilizer giant Yara says donors urgently need to close the U.N.’s $10 billion food programme funding gap to avoid a catastrophe as sanctions on Russian fertilizers and Ukraine’s grain export problems have created an extreme global shock. “The world has realized that food can be a weapon and it […] Read more
U.S. Secretary of State Antony Blinken listens to U.N. Secretary-General Antonio Guterres during a “Global Food Security Call to Action” meeting of foreign ministers at U.N. headquarters in New York on May 18, 2022. (Photo: Reuters/Eduardo Munoz)
Crops, Reuters

U.N. chief in talks on restoring Ukraine grain exports

Contact made amid global food crisis

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United Nations | Reuters — U.N. Secretary-General Antonio Guterres said on Wednesday that he is in “intense contact” with Russia, Ukraine, Turkey, the United States and the European Union in an effort to restore Ukrainian grain export as a global food crisis worsens. “I am hopeful, but there is still a way to go,” said […] Read more
Nutrien’s Patience Lake potash facility, about 15 km east of Saskatoon. (Nutrien.com)
Crops, Reuters

Nutrien may further raise potash output as sanctions curb other supplies

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Chicago | Reuters — Canada’s Nutrien, the world’s largest fertilizer company, is weighing further increases to potash production as sanctions continue to limit shipments from Russia and Belarus, interim CEO Ken Seitz said on Tuesday. Prices of crop nutrients such as potash have skyrocketed as sanctions against Russia for its invasion of Ukraine have disrupted […] Read more
Grain storage at a Russian seaport. (Pridannikov/iStock/Getty Images)
Crops, Markets, Reuters

Moscow retaliates against sanctions with export bans

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Reuters — Russia sought on Thursday to retaliate against Western sanctions imposed over its invasion of Ukraine by banning exports of certain goods and agricultural commodities. Exporting telecom, medical, auto, agricultural, electrical and tech equipment, as well as some forestry products, will be banned until the end of 2022. “These measures are a logical response […] Read more
Adam Reid. (Photo courtesy Buhler Versatile)
Crops, Machinery

Ag equipment firm Buhler Industries shakes up board table

Rostselmash's Babkin steps down, founder Buhler to retire

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Board oversight of Winnipeg farm equipment manufacturer Buhler Industries will now include another of the company’s upper managers, as a co-owner of the company’s Russian parent firm and the company’s founder both step down. Buhler’s board announced Wednesday it has accepted the resignation of Konstantin Babkin, the president and co-owner of Russian holding company Novoe […] Read more
(Dave Bedard photo)
Crops, Reuters

Bunge says sanctions may have ‘adverse effect’ on Russian operations

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Reuters — Global agricultural commodities trader Bunge said continued conflict in Ukraine and stinging sanctions on Russia could have an “adverse effect” on its operations in the breadbasket region. Bunge and rival agribusinesses ADM and Cargill suspended operations in Ukraine last week after Russia invaded its neighbour. But none have stopped their business in Russia […] Read more
(Cummins.com)
Crops, Machinery, Reuters

Engine maker Cummins says expects ‘some impact’ in Russia

Deere says will abide by sanctions

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Reuters — Diesel engine maker Cummins Inc. expects “some impact” to its business in Russia and is analyzing and preparing for current and anticipated sanctions, the U.S. truck engine maker said in an e-mailed statement on Monday. Many firms have idled operations in Russia after it invaded Ukraine last week, resulting in powerful Western sanctions. […] Read more
Buhler Industries board member Konstantin Babkin, shown here at left with the company’s then-president Dmitry Lyubimov during a visit to the company’s facility in Winnipeg in 2007, is seen as particularly vulnerable to sanction from Canada. (File photo by Dave Bedard)
Crops, Machinery

Equipment maker Buhler distances self from Ukraine invasion

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A Winnipeg farm equipment manufacturer is distancing itself from Russia’s invasion of Ukraine. Buhler Industries, which manufactures the Versatile tractor line and Farm King equipment, is majority-owned by the Russian firm Combine Factory Rostselmash. That firm purchased an 80 per cent stake in Buhler in 2007 and boosted that to 97 per cent ownership in […] Read more
Yara’s headquarters in Oslo. (Yara.com)
Crops, Reuters

Yara to stop buying potash from Belarus due to sanctions

Fertilizer firm buys 10-15 per cent of country's potash output

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Oslo | Reuters — Norwegian fertilizer maker Yara said on Monday it will wind down purchases of potash from Belarus by April 1 as international sanctions made it impossible to continue the trade. Yara estimates that it buys 10-15 per cent of the annual output of state-owned Belaruskali, one of the world’s largest producers of […] Read more

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