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Rising Fertilizer Prices Exacerbate Food Crisis
Rising fertilizer prices are greatly exacerbating the problem of agricultural commodity prices, said Abdul Hakim Elwaer, the assistant director general of the Food and Agricultural Organization (FAO). Gas supplies and energy prices will affect fertilizer prices and an expected fertilizer crisis will affect the final commodity price, he told Anadolu during the Islamic Development Bank (IsDB) Group's annual meeting in the Saudi Arabian port city of Jeddah. "We have to understand the dynamics and the chronology of the issue and the problem when the war in the Black Sea started," he said. After the start of the Russia-Ukraine war in February [...]
China’s Durian Imports Surge Over 50% in First Half of 2023
Data from China Customs indicate that China’s durian imports in the first six months of this year reached a volume of 787,000 metric tons and a value of $3.83 billion, corresponding to year-on-year increases of 57.1% and 64.9%, respectively. It is worth noting that China’s total durian imports in 2022 were 825,000 metric tons and $4.04 billion, only slightly higher than the values registered for the first half of 2023, highlighting the rapid expansion of China’s durian market. According to statistics from the World Trade Organization, China was the world’s largest importer and consumer of durians in 2022, accounting for a [...]
Plantations International’s Green Bonds Trading on Vienna ESG Exchange
Plantations International, a global leader in sustainable plantation and farm management, is very happy to announce that its innovative asset-backed Mango and Durian Green Bonds have begun trading on the Vienna Environmental, Social, and Corporate Governance (ESG) Exchange starting August 1, 2023. This landmark move underscores Plantations International’s commitment to sustainable investment and agricultural innovation worldwide. Pioneering Sustainable Investment These unprecedented bonds, secured by the robust assets of Mango and Durian plantations, offer investors a unique opportunity to generate substantial returns while actively supporting the company’s groundbreaking sustainable farming initiatives. The initiative places the company at the forefront of the industry; [...]
Ukrainian dam which was crucial to agriculture was destroyed.
In Ukraine there is a rumor it is the Russian army blew up one of the dams during the evening of June 5-6. Based on EastFruit analyst, the bursting of the dam at Kakhovska hydroelectric power station Kakhovska hydroelectric power station not only an environmental, but humanitarian catastrophe, which will result in flooding of huge regions and towns but also will affect the security of food. The water that was pumped through this irrigation system allowed to cultivate up to 80 percent of the total vegetables that are grown in Ukraine as well as a substantial amount of both grapes and [...]