Brazilian soybean farmers are keeping their crops instead of selling them because they expect prices to rise further as global supplies tighten.
https://www.thepigsite.com/news/2021/09/brazils-soy-farmers-are-hoarding-their-crops-in-hopes-that-prices-will-rise
https://www.thepigsite.com/news/2021/09/brazils-soy-farmers-are-hoarding-their-crops-in-hopes-that-prices-will-rise
Thepigsite
Brazil’s soy farmers are hoarding their crops in hopes that prices will rise
Brazilian soybean farmers are keeping their crops instead of selling them because they expect prices to rise further as global supplies tighten, according to brokers, buyers and sellers in the world’s largest producer and exporter of the oilseed.
One of the hardest hit crops is tall fescue, a type of grass seed, causing concern about a possible worldwide grass seed shortage.
https://www.kezi.com/content/news/Extreme-drought-could-cause-worldwide-grass-seed-shortage-575238391.html
https://www.kezi.com/content/news/Extreme-drought-could-cause-worldwide-grass-seed-shortage-575238391.html
KEZI News
Oregon's drought could cause worldwide grass seed shortage
Grass seed woes are only part of the impact on local crops.
New Zealand's third largest internet provider Vocus NZ said on Friday its response to a cyberattack temporary triggered a widespread internet outage. The company said its systems blocked a denial of service (DDoS) attack on one user but in doing so caused some Vocus customers in the country's largest cities - Auckland, Wellington and Christchurch - to suffer outages.
https://www.msn.com/en-us/news/technology/vocus-says-its-response-to-a-cyberattack-temporarily-triggered-nz-internet-outages/ar-AAO2Rtv?pfr=1
https://www.msn.com/en-us/news/technology/vocus-says-its-response-to-a-cyberattack-temporarily-triggered-nz-internet-outages/ar-AAO2Rtv?pfr=1
Gazprom Neft, the oil arm of Russian gas giant Gazprom (GAZP.MM), has started to move away from the U.S. dollar to China's yuan in settlements for fuelling planes in China.
https://www.reuters.com/business/energy/russias-gazprom-neft-moves-yuan-fuelling-planes-china-2021-09-03/
https://www.reuters.com/business/energy/russias-gazprom-neft-moves-yuan-fuelling-planes-china-2021-09-03/
Reuters
Russia's Gazprom Neft moves to yuan in fuelling planes in China
Gazprom Neft , the oil arm of Russian gas giant Gazprom , has started to move away from the U.S. dollar to China's yuan in settlements for fuelling planes in China, Gazprom Neft's CEO Alexander Dyukov said on Friday.
Benoit Coeure, head of the BIS Innovation Hub, urged central banks to speed up their work on digital cash. He said they must up the pace because "stablecoins and crypto assets are already here". https://www.msn.com/en-us/money/markets/central-banks-must-roll-up-their-sleeves-and-urgently-speed-up-their-work-on-their-own-digital-currencies-before-crypto-upends-the-current-financial-system-the-bis-says/ar-AAOikVw?pfr=1
Msn
Central banks must 'roll up their sleeves' and urgently speed up their work on their own digital currencies before crypto upends…
The Bank for International Settlements is urging central banks to crank up their efforts in developing their own digital currencies.
Eurostar Commodities said that prices for the 2021 durum wheat harvest have almost doubled on last year. The crisis has been triggered by a worsening situation in major durum wheat producer Canada, where the crop forecast has been revised down by more than one-third from five million tonnes to only 3.4 million tonnes. https://www.talkingretail.com/news/industry-news/pasta-supplies-under-threat-after-poor-durum-wheat-harvest-10-09-2021/
Talking Retail
Pasta supplies under threat after poor durum wheat harvest
A commodities specialist has warned that a shortage of durum wheat could herald problems for pasta supplies. Eurostar Commodities said that prices for the 2021 durum wheat harvest have almost doubled on last year. This means on-shelf prices of pasta are almost…
UK - Food and Drink Federation chief Ian Wright said the country won't run out of food, but the days of shoppers knowing they can get whatever they like at the supermarket are gone forever https://www.mirror.co.uk/news/politics/breaking-britain-now-see-permanent-24953533.amp?__twitter_impression=true
mirror
Britain will now see 'permanent food shortages' and it's 'going to get worse'
Food and Drink Federation chief Ian Wright said the country won't run out of food, but the days of shoppers knowing they can get whatever they like at the supermarket are gone forever
Factory-gate price inflation in China remained high in August, rising to the highest level in 13 years. "Industrial product price hikes also accelerated both compared with last month and last year in August, affected by rising prices of products such as coal, chemicals and steel." https://www.msn.com/en-xl/money/topstories/chinas-commodity-prices-push-factory-gate-inflation-to-rise-at-fastest-pace-in-13-years/ar-AAOeWu2
Msn
China’s commodity prices push factory-gate inflation to rise at fastest pace in 13 years
Factory-gate price inflation in China remained high in August, rising to the highest level in 13 years, data released on Thursday showed.
Russian internet giant Yandex has been hit by a cyber attack that the Vedomosti daily reported was largest DDoS attack in the history of the Russian segment of the internet. https://www.nasdaq.com/articles/russian-internet-firm-yandex-hit-by-major-cyber-attack-report-2021-09-08
Nasdaq
Russian internet firm Yandex hit by major cyber attack -report
Russian internet giant Yandex said on Wednesday it had been hit by a cyber attack that the Vedomosti daily reported was largest DDoS attack in the history of the Russian segment of the internet, citing sources in the company.
The personal data of visa applicants hoping to visit or emigrate to France has been exposed in a cyber-attack targeting the French government’s ‘France-Visas’ website. https://portswigger.net/daily-swig/french-government-visa-website-hit-by-cyber-attack-that-exposed-applicants-personal-data
The Daily Swig | Cybersecurity news and views
French government visa website hit by cyber-attack that exposed applicants’ personal data
Nationalities, birth dates, and passport numbers among potentially exposed data
Boris Johnson is set to delay the introduction of some post-Brexit checks on EU imports amid fears they could cause food shortages over the Christmas period, it was claimed today. The UK is supposed to be introducing a fresh wave of checks and requirements on imports of animal origin and certain foods from next month. But the roll-out could now be pushed back by six months in what would be the second time the checks have been delayed. https://www.msn.com/en-gb/money/other/boris-johnson-will-delay-imposing-checks-on-eu-imports-to-uk/ar-AAOoJPX?pfr=1
Msn
Boris Johnson 'will delay imposing checks on EU imports to UK'
Boris Johnson is set to delay the introduction of some post-Brexit checks on EU imports amid fears they could cause food shortages over the Christmas period, it was claimed today.
The sale of farmers' 2021 second corn crop in Brazil reached 70.1% of the estimated output, up from 62.6% at this time last year, Corn, used as livestock feed, is on high demand in Brazil, home to some of the world's largest pork and poultry processors. This year, planting delays followed by a drought and an ill-timed frost slashed Brazil's overall corn output, raising internal prices, increasing the need to import and reducing Brazil's export prospects. https://www.nasdaq.com/articles/brazil-farmers-sell-more-of-their-2021-second-corn-crop-as-demand-rises-safras-2021-09-13
Nasdaq
Brazil farmers sell more of their 2021 second corn crop as demand rises - Safras
The sale of farmers' 2021 second corn crop in Brazil reached 70.1% of the estimated output, up from 62.6% at this time last year, according to an estimate from agribusiness consultancy Safras & Mercado released on Monday.
South Africa’s recently announced trial of central bank digital currencies (CBDCs) for cross-border payments could motivate other financial institutions around the world to work towards using the technology. The initiative, dubbed Project Dunbar, will develop platforms for cross-border transactions using CBDCs, enabling financial institutions to transact directly with each other in the digital currencies issued by central banks, and eliminating the need for intermediaries, as well as reducing the time and cost of transactions. https://www.msn.com/en-us/news/world/south-africa-is-testing-central-bank-digital-currencies/ar-AAOomUh?pfr=1
Msn
South Africa is testing central bank digital currencies
Where one succeeds, others follow.
Plant-based protein manufacturers, like Beyond Meat and Impossible Foods, view chicken supply chain shortages throughout the U.S. as an opportunity. The two companies both recently introduced plant-based chicken nugget substitutes into retail and foodservice. The timing may seem coincidental, but Beyond Meat told CNBC that the new chicken tenders will reach menus at the same time that restaurants experienced both shortages and price hikes for poultry products. https://www.wattagnet.com/blogs/51-poultry-tech-trends/post/43567-meat-alternatives-seize-opening-left-by-chicken-shortages
Wattagnet
Meat alternatives seize opening left by chicken shortages
Plant-based protein manufacturers, like Beyond Meat and Impossible Foods, view chicken supply chain shortages throughout the U.S. as an opportunity.
Venezuela's gold reserves fell by 3 tonnes in the first half of 2021 to their lowest level in 50 years, central bank data showed on Tuesday, as President Nicolas Maduro's cash-strapped government continues selling gold as a source of income. https://www.nasdaq.com/articles/venezuela-central-bank-gold-reserves-fall-as-maduro-seeks-cash-2021-09-07
Nasdaq
Venezuela central bank gold reserves fall as Maduro seeks cash
Venezuela's gold reserves fell by 3 tonnes in the first half of 2021 to their lowest level in 50 years, central bank data showed on Tuesday, as President Nicolas Maduro's cash-strapped government continues selling gold as a source of income.
Germany wholesale prices grew at the fastest pace since 1974 in August amid sharp increases in raw material and intermediate product prices, Destatis reported Monday. Wholesale prices increased 12.3 percent on a yearly basis, following July's 11.3 percent in July. This was the strongest growth since October 1974, when prices were up 13.2 percent in the wake of the first oil crisis. https://markets.businessinsider.com/news/interestrates/germany-wholesale-price-inflation-strongest-since-1974-1030794855
Business Insider
Germany Wholesale Price Inflation Strongest Since 1974
(RTTNews) - Germany wholesale prices grew at the fastest pace since 1974 in August amid sharp increases in raw material and intermediate product p...
UK inflation hit a nine-year high in August as the economy reopened, with food and fuel prices climbing sharply, the country's Office for National Statistics said. Year-on-year consumer price index inflation came in at 3.2% in August, the fastest rate since March 2012, after slowing to 2% in July. https://www.msn.com/en-us/money/markets/uk-inflation-surges-to-nine-year-high-of-32-25-in-august-as-food-and-fuel-prices-jump/ar-AAOscZZ?pfr=1
Msn
UK inflation surges to nine-year high of 3.2% in August as food and fuel prices jump
Inflation shot well above the Bank of England's target of 2% in August as the economy reopened.
56 cargo ships were stuck at anchor or in drift areas off of Los Angeles and Long Beach ports. The ports are currently dealing with 140 total ship in the ports, including 87 freighters, according to the Marine Exchange of Southern California. The queue is a result of COVID-19-related disruptions, and holiday-buying surges, paired with a national labor shortage. Port of Los Angeles data indicates that ships' average wait times have increased to 8.5 days. https://www.msn.com/en-us/money/markets/an-all-time-high-of-56-cargo-ships-are-stuck-waiting-off-the-california-coast-as-shipping-ports-hit-their-4th-record-backup-in-three-weeks/ar-AANTZ9J
Msn
An all-time high of 56 cargo ships are stuck waiting off the California coast, as shipping ports hit their 4th record backup in…
The labor shortage, COVID-19, and holiday-buying surges are causing shipping disruptions and delays at two of the most important ports in the US.
Hungry families are taking a hit as lorry driver shortages are leaving the UK’s largest food bank charity at risk of losing nearly a third of its daily food supply. FareShare, the UK’s biggest food-bank network, said it is losing out on around 30 per cent of the food it normally receives each day due to the issues affecting the haulage industry. https://inews.co.uk/news/hgv-driver-shortage-food-bank-uk-charity-daily-lorry-supplies-1199957?ito=twitter_share_article-top
inews.co.uk
HGV driver shortage hits hungry families as UK’s largest food bank supplier loses a third of its daily stock
FareShare said it is losing out on around 30% of the food it normally receives each day due to the issues affecting the haulage industry
Spot propane prices at Mont Belvieu, Texas, have reached their highest levels since 2014 ahead of the winter season on fears of low inventory. Energy inflation could be problematic for commercial and residential users of the fuel that heats building structures and powers vehicles, gas grills, patio heaters, generators, among many other uses.
https://www.eia.gov/dnav/pet/hist/eer_epllpa_pf4_y44mb_dpgW.htm
https://www.zerohedge.com/commodities/propane-prices-soar-inventory-concerns-mount-ahead-winter
https://www.eia.gov/dnav/pet/hist/eer_epllpa_pf4_y44mb_dpgW.htm
https://www.zerohedge.com/commodities/propane-prices-soar-inventory-concerns-mount-ahead-winter
ZeroHedge
Propane Prices Soar As Inventory Concerns Mount Ahead Of Winter
Propane is set up for a volatile ride this upcoming fall/winter season as supplies are about 20% below the five-year average for this time of year...
Fertilizer producer CF Industries Holdings Inc halted two fertilizer plants in the UK. CF Industries Holdings, a top manufacturer of hydrogen and nitrogen products said the manufacturing facilities suspended operations "due to high natural gas prices." https://www.zerohedge.com/commodities/major-uk-fertilizer-plants-shuttered-due-skyrocketing-natural-gas-prices
ZeroHedge
Major UK Fertilizer Plants Shuttered Due To Skyrocketing Natural Gas Prices
"The market will read this as other..."