-
Zamanat Targets GCC’s $250 Billion SME Financing Gap With Up to $100 Million Tokenized Private Credit Fund
-
Alessio Vinassa Unveils an Emerging Technology Investment Approach Shaped by Financial Challenges
-
Sri Lanka court revokes monk's pardon, orders return to prison
-
Stocks drop as oil spike fans inflation and interest rate fears
-
'Hopeless, stuck, afraid': US deportees in limbo in Cameroon
-
Portugal harvests grapes at night to beat the heat
-
Mount Fuji ends hiking season with landslide, two rescues
-
Philippine ferry fire kills 5, dozens missing
-
Seahawks beat Patriots again in NFL opener
-
Oil prices flare as Iran tightens grip on Hormuz
-
Asian Games begin with Qatar basketball win, nine days before opening ceremony
-
Japan gymnasts under injury cloud for home Asian Games
-
Stocks sink as oil rally fans inflation and rate hike fears
-
India trailblazer won't 'let go' of chance for Asian weightlifting glory
-
Argentine industry reels from Milei's free-market revolution
-
Zverev cruises past van de Zandschulp into US Open semis
-
Women quit South Korea's grind for diving tradition
-
Myanmar tin mega-mine restarts operations: think tank
-
Bayeux Tapestry 'mania' sweeps UK as sold-out exhibition opens
-
Online and undercover: saving trafficked wildlife in Thailand
-
August hottest month ever recorded globally: EU monitor
-
Antonelli faces new challenge after stirring triumph in Monza
-
Duplantis leads creme de la creme at 'game-changing' Ultimate Championship
-
Korda leads US bid to win first away Solheim Cup since 2015
-
Sjobo, cradle of Sweden's now-mainstream anti-migrant sentiment
-
Eurozone rate-setters to hike borrowing costs as energy prices jump
-
Israeli-made film about Gaza civilian deaths to debut in Venice
-
As oceans warm, Florida scientists hunt for heat-resistant coral
-
Stars ready for busy Toronto International Film Festival
-
Trump takes center stage as Republicans fight midterm tide
-
Rubio defends anti-drug boat strikes, warns of cartel 'cancer'
-
Gauff takes inspiration from Tiafoe in US Open fightback win
-
Rybakina books US Open semi against Gauff, secures No.1 ranking
-
Ralph Lauren opens fur-free New York Fashion Week
-
Pegula aiming to thwart Sabalenka three-peat in US Open semis
-
Arteta lauds in-form Odegaard as 'remarkable' Arsenal edge Napoli
-
'Not normal' US Open scheduling under-fire after late-night finishes
-
Rogers hails Alonso for 'exciting' Chelsea goal spree
-
Luis Enrique hails 'marvellous' Dembele as PSG win big in Champions League
-
Mac Allister caps Liverpool comeback against Atletico Madrid
-
Liverpool's Iraola 'lucky' after first taste of Champions League
-
With No. 1 ranking secured Rybakina eyes more Grand Slam glory
-
Resurgent Zheng takes positives from storming US Open run
-
Chelsea hit Leeds for six to advance in League Cup
-
Odegaard gives Arsenal winning Champions League start at Napoli
-
PSG thrash Slovan in Champions League opener, Liverpool down Atletico
-
Bond yields jump despite $6 bn US government intervention
-
Rybakina advances to US Open semis, seals No.1 ranking
-
Mac Allister caps Liverpool comeback to beat Atletico Madrid
-
US-blockaded Cubans appeal to 'Cachita' for divine intervention
As Ukraine sowing season starts, fuel shortages threaten food supply
In an endless field in southwest Ukraine, farmers began to plant sunflower seeds at the start of the sowing season, but a fuel shortage threatens production in the war-torn country, whose land feeds millions around the world.
The world's top producer of sunflower oil and a major exporter of wheat is a breadbasket of the world under threat from the Russian invasion.
This means the fate of global food security depends on Ukrainian farms, such as the fertile grounds of Alexander Petkov's land in Bahate, near the Romanian border.
"The season starts here, in the areas not hit by war," Petkov, 47, said. The regions torn by the conflict such as the southern cities of Kherson and Mykolaiv further to the east will not be able to begin planting as usual.
Mykolaiv is facing a daily barrage of Russian shelling while Ukrainian forces have launched a counter-offensive to retake Kherson.
Last year, Petkov's farming business, spread across five villages, yielded 30,000 tonnes of barley, 27,000 tonnes of wheat and 5,500 tonnes of sunflower.
Petkov points to the blackened sunflower seeds and wheat piling up in his barns as there is nowhere to take them. There is concern too over the risk that fuel needed for the sowing season will quickly run out.
"All the ports are closed because of the presence of Russian warships in the Black Sea," the farmer said.
The Ukrainian government has suggested exporting agricultural products via the Romanian port of Constanta, but there has been no progress in the plan, Petkov said.
"We're currently using the remaining fuel we had before the war, but there is no new supply," he said, adding that he could run out within five days.
- Millions affected -
In a report last week, the United Nations Food and Agriculture Organization warned that Ukraine depends heavily on fuel imports, with about 70 percent of imports of petrol and diesel coming from Russia and its ally Belarus.
"A key bottleneck to the spring planting season, where it is possible due to the war, is fuel availability," the FAO said.
Only one fifth of almost 1,300 large agribusinesses surveyed by the Ukrainian government in the week of March 14 had enough fuel to plant this spring, said the FAO.
The country could also face shortages of pesticides and fertilisers, the UN agency warned.
The agriculture ministry announced Friday that more than 150,000 hectares (370,000 acres) of spring crops had been planted, including corn, soybeans, sunflowers, millet, buckwheat, oats and beets.
While Ukraine has enough reserves to cover its food security for one year, the Russian invasion "risks creating a 30-percent reduction in cultivated areas" affecting 100 million people around the world, according to the ministry.
"Russian troops mine fields in Ukraine, blow up agricultural machinery, destroy fuel reserves needed for sowing," President Volodymyr Zelensky said in a video speech to a forum in Doha.
"Our country has enough food. But the lack of exports from Ukraine will hit a number of populations in the Islamic world, in Latin America and in other parts of the planet," he warned.
- Ready to face Russians -
Before the war, Ukraine was the world's fourth largest exporter of corn and was set to become the third biggest exporter of wheat after Russia and the United States.
Russia and Ukraine alone account for 30 percent of global wheat exports.
US President Joe Biden has warned that food shortages are "going to be real" due to the war.
On Friday, the European Union launched a programme dubbed the Food and Agriculture Resilience Mission (FARM) aimed at easing shortages.
Petkov's farm was no stranger to threats before the war.
His employees carried semi-automatic rifles to deter criminals.
"We already had fields and harvester machines set on fire," he said, citing extortion attempts by "criminal or mafia elements".
"We had to install a roadblock at the entrance of the village, which is guarded by five or six members of the company as well as armed villagers every night," Petkov said.
One of his associates, Vyatcheslav, who refused to give his last name, said the farmers were ready to face the Russians.
"We will use these weapons against them if necessary," he said. "But at the moment they only serve to protect families and the land, and not let anyone in."
B.Mahmoud--SF-PST