Indonesia Lifts Palm Oil Export Ban

Fourth EstateBottles of Palm Oil

Indonesia will lift its three-week-old palm oil export ban starting May 23 following improvements in domestic cooking oil supply, President Joko Widodo announced on Thursday. Widodo said in a video statement that the supply of bulk cooking oil had now …

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Oman In Talks With Australia and Argentina As Alternative To India Wheat Imports

Fourth EstateA combine works a wheat field

Oman on Thursday said it has a plan to import wheat from Australia and Argentina as the country is looking for alternatives to India’s wheat source. The CEO of the Omani Flour Mills Company, Haitham Al Fana Al Araimi said …

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U.S. House Passes Bills to Address Nationwide Baby Formula Shortage

Fourth EstateBaby Formula Locked Display | Mike Mozart

The United States House of Representatives passed two bills on May 18 to address the nationwide baby formula shortage. The House voted 231 to 192 to pass the HR 7990 or the Infant Formula Supplemental Appropriations Act, which would send …

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President Biden Invokes Defense Production Act to Address Nationwide Shortage of Baby Formula

Fourth EstateA sign on store shelves explaining limits on baby formula purchases

United States President Joe Biden invoked the Defense Production Act on May 18 in an attempt to boost the supply of baby formula amid a nationwide shortage. “Today, I’m invoking what they call the Defense Production Act to ensure that …

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McDonald’s To Sell Businesses in Russia

Fourth EstateMcDonalds restaurant in Russia - Dirk Franke

McDonald’s has started selling its business in Russia after 30 years of operation and became the latest global brand to permanently pullout of the country in response to the invasion of Ukraine McDonald’s has already closed its 850 restaurants in …

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India Bans Wheat Exports Over Domestic Supply Shortages

Fourth EstateWoman harvesting wheat, Raisen district, Madhya Pradesh, India. - Yann Forget

India, the second-largest producer of wheat, banned exports of wheat after a scorching heatwave caused a spike in domestic prices, threatening local food security amid strong global demand. In a Commerce Ministry notice, the Indian government said the decision was …

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White House Announces Measures to Address Baby Formula Shortage

Fourth EstateA sign on store shelves explaining limits on baby formula purchases

The White House announced a series of measures on May 12 to address supply shortages of baby formula across the United States, after President Joe Biden held discussions with manufacturers and retailers. The measures include reducing red tape, cracking down …

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Ukraine Claims Grain Stolen By Russians Taken to Syria

Fourth EstateWheat fields in Ukraine, Oblast Lviv - Raimond Spekking

Ukraine’s defense ministry has claimed that Russian cargo ships have transported grain stolen from Ukraine, most likely to Syria. According to the Ministry of Defense of Ukraine, dry cargo ships under the Russian flag have reached the Mediterranean. The cargo …

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