Ukraine war to cause biggest price shock in 50 years – World Bank

As the US firm announced a 53% increase in net earnings for the first three month of this year, to $1.05bn, Juan Luciano said: “We expect reduced crop supplies – caused by the weak Canadian canola crop, the short South American crops, and now the disruptions in the Black Sea region – to drive continued tightness in global grain markets for the next few years”.

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