France will provide emergency aid for fertiliser purchases and support domestic production, the government has declared, as the US-Israeli attack on Iran has driven up costs for farmers already struggling with low crop prices and extreme weather,
Never waste a catastrophe when there is money to be made. Hedge fund Moreton Capital Partners is targeting $500 million for a special-purpose vehicle to trade multiple commodities impacted by the “super El Niño” weather phenomenon. The fund’s co-founder Les Finemore says the market is “seriously mis-pricing” the risk of El Niño, which could be one of the strongest on record and have “incredible implications for food inflation”.
Indonesian President Prabowo Subianto’s flagship free meals program has been undermined by of corruption. prosecutors investigating its corrosion n the initiative named an active police brigadier general as a corruption suspect and referred a case involving a military officer to the country’s military crimes unit.
The Attorney General’s Office identified Lalu Muhammad Iwan Mahardan, a police brigadier general who serves as deputy secretary for promotion and cooperation at the National Nutrition Agency, as the seventh suspect in a governance probe into the meals program. The developments add to scrutiny of Prabowo’s $15 billion free meals program, whose spending allocation has added to budget strains. It is a program resented by the international bondholder police who mistrust anything that is for free.+