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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
WHITE HOUSE
US President Joe Biden speaking at a humanitarian briefing for Ukraine in Poland has delivered remarks promising to deliver food security to Europe.
- Biden: 'The bad news is they're the bread basket of the World, Ukraine and Russia.'
- Biden: 'We the United States are gonna do our part. We're the third largest producer of wheat in the world and our Canadian friends are going to do the same.'
- the United Nations’ World Food Program has warned that the situation is becoming 'catastrophic' with a high risk of famine in parts of the Middle East and Africa.
- Russian wheat is currently not subject to Western sanctions but rises in associated costs from sanctions and a reluctance from Western companies to trade with Russia has further exacerbated the crisis.
- Egypt, Turkey, Morocco, and Sudan are all considered highly exposed to Russian and Ukrainian wheat and there is a high risk of civil unrest or political violence if measures aren't put in place to resolve the crisis.
- So far a specific policy have not been unveiled and US wheat exports have not seen a significant jump in volume. According to World Grain this is due to higher US prices pricing out of most export tenders.
Imports of wheat from Russia and UkraineTellimer Research
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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