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Global food prices at risk as Russia suspends critical grain deal

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Global food prices are at risk following Russia’s suspension of the UN-brokered grain export deal

NATO is calling on Russia to urgently resume the UN grain export deal with war-torn Ukraine, amid fears for skyrocketing global food prices.

This follows Russia sensationally suspending its part in the trade.

So far, Russia has blocked 2 million tons of grain on 176 vessels in the Black Sea, which is enough to feed over 7 million people.

Russia blames Ukraine for the Crimea bridge explosion, and therefore says they will not participate in the critical deal.

The grain export trade is a main driver in keeping global food prices down.

“Any act by Russia to disrupt these critical grain exports is essentially a statement that people and families around the world should pay more for food or go hungry. In suspending this arrangement, Russia is again weaponising food in the war it started.”

U.S. Secretary of State Antony Blinken

The UN says it has indirectly prevented 100 million people from falling into extreme poverty.

UN Chief António Guterres’ says he is ‘deeply concerned’ and will now focus on Russia resuming the essential initiative.

It follows Russia’s minister of Agriculture claiming Russia will give 500,000 tons of grain to the poorest countries over the coming months.

“Russia is ready to supply the poorest countries with up to 500,000 tons of grain free of charge in the next 4 months.”

Russian Minister of Agriculture Dmitry Patrushev
Russian Minister of Agriculture Dmitry Patrushev

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Sussan Ley’s leadership tested amid net-zero debate

Sussan Ley’s leadership faces challenge as Liberal MPs debate net zero emissions policy amid divisions between moderates and conservatives

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Sussan Ley’s leadership faces challenge as Liberal MPs debate net zero emissions policy amid divisions between moderates and conservatives

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In Short:
– Sussan Ley’s leadership is questioned as the Liberal party debates net-zero emissions amidst internal divisions.
– Moderate MPs warn losing elections if net-zero is abandoned, highlighting urban voter support for a 2050 target.
Sussan Ley’s leadership faces scrutiny as the Liberal party debates a net-zero emissions target.
Conservative members argue she should abandon the goal to maintain her position, while moderates hope for a compromise that aligns with the Paris Agreement.Banner

Leadership contenders like Angus Taylor and Andrew Hastie support staying committed to the Paris Agreement, rejecting a net-zero commitment. Taylor indicated future leadership aspirations are not confirmed.

Pro-net-zero frontbencher Tim Wilson seeks decisive leadership to address the issue. Ley’s lack of internal guidance frustrates moderates, creating uncertainty regarding her stance on net-zero. While some conservatives advocate for its dismissal, others display mixed support.

Liberal party dynamics shift as polling reveals significant opposition to net-zero among constituents. The upcoming party room meeting and shadow ministers gathering will aim to finalise the Coalition’s position.

Internal Divisions

Moderate MPs warn that elections will be lost if net-zero is abandoned, emphasising its importance in urban areas.

A poll indicates strong support for a 2050 net-zero target among voters. Critics of the Nationals’ policy argue it is misguided and incompatible with national interests.

Calls for resignation from frontbench positions are met with opposition. Some representatives voiced frustration over the timing of the meeting, suggesting it should have been resolved earlier.


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The Greens win Senate backing on CGT inquiry

The Greens gain Coalition support for a Senate inquiry on capital gains tax, igniting housing affordability discussions.

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The Greens gain Coalition support for a Senate inquiry on capital gains tax, igniting housing affordability discussions.


The Greens have secured Coalition support for a Senate inquiry into the 50% capital gains tax discount, sparking fresh debate on housing affordability.

Dr. Steve Enticott from CIA TAX discusses the potential impacts on investors and policy.

#CGT #HousingAffordability #SenateInquiry #Greens #PropertyTax #AustraliaPolitics #Coalition #NegativeGearing #RealEstate #PolicyDebate


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Senate Democrats break ranks to end shutdown

Eight Senate Democrats joined Republicans to end the shutdown, facing party backlash as the bill moves to the House.

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Eight Senate Democrats joined Republicans to end the shutdown, facing party backlash as the bill moves to the House.


Eight Senate Democrats sided with Republicans to pass a bill ending the government shutdown, drawing internal party criticism.

The legislation now heads to the House amid ongoing healthcare subsidy disputes.

#Senate #Shutdown #Democrats #Healthcare #Politics #USPolitics #ChuckSchumer #Bipartisan #Congress #Legislation


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