Breaking News
Investing Pro 0
NEW! Get Actionable Insights with InvestingPro+ Try 7 Days Free

France and international partners announce plans to aid food production hit by Ukraine war

Stock Markets Sep 23, 2022 09:37AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. FILE PHOTO: A combine harvests wheat in a field near the village of Zghurivka, amid Russia's attack on Ukraine, in Kyiv region, Ukraine August 9, 2022. REUTERS/Viacheslav Musiienko

PARIS (Reuters) -France this week convened a meeting with partners including African nations, United Nations bodies and the European Union to urgently address the international food crisis resulting from the war in Ukraine, said the French Elysee presidential palace.

The meeting, held at the margins of the United Nations General Assembly in New York, comes as President Emmanuel Macron this week urged neutral countries - many of which are in the global South - to side with Ukraine and the West.

"Tensions on the food market are more exacerbated than ever in the context of the war in Ukraine," the French presidency said in a statement, reiterating its warning of a global food crisis caused by the war.

Russia's invasion of Ukraine, which started in late February, impacted the market for fertilizers and crops, many of which are produced in Ukraine, and this in turn has led to a sharp rise in food prices.

Ukraine was unable to export most of its crops this year due to the war while energy-intensive fertiliser production was severely hit by soaring power prices across the globe.

"The EU recalled the existing exemptions on all agrifood products and the provision of additional guidelines to clarify the applicability of its sanction regime towards Russia," the Elysee said, adding it also planned to launch an emergency fertilizer purchase mechanism for Africa.

A meeting with chief executives of fertiliser-producing companies will be convened in Paris ahead of the next G20 Summit in mid-November to scale-up production as fast as possible, the Elysee also said.

"Finally, we call on gas producers throughout the world to take responsibility for limiting price increases and ensuring market transparency, which are essential to maintain fertilizer production capacity in all regions of the world," added the Elysee.

France and international partners announce plans to aid food production hit by Ukraine war
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email