Global tensions impact shipping, trade
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Conflicts in Gaza and the Red Sea region, coupled with the Russian war in Ukraine, are having significant effects on global trade by adding weeks of shipping time and increased costs for grains and oilseeds carried by vessels now navigating troubled areas of the world.
Betty Resnick, economist for the American Farm Bureau Federation (AFBF), discussed crop markets and trade in a volatile world at the AFBF Convention in Salt Lake City Jan. 22.
While adverse weather and climate, trade deficits and competition from countries boosting their own crop production all play a significant role in how the U.S. fares on the international scene, multiple global conflicts ...
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