World events

Farming, trade, energy and economic news that matters to Canada, in short plain reports.

Saturday, November 14

Official figures

World Bank expects food prices to rise 10% in 2026, 7% in 2027

The World Bank said in a November 12 blog post that its food price index slipped in October after a three-year high in September, though it was still 15% above a year earlier. The bank said it projects the index to rise 10% in 2026 and 7% in 2027. It said grain prices rose 9% in the third quarter and gave three causes: attacks on Black Sea ships and ports, dry weather in big grain-exporting countries, and the first effects of an El Niño it called very strong. The bank said world wheat output is projected to fall 2% in 2026-27.

World events. Added 7:13 am Saskatchewan time.References 1

Wednesday, November 11

Official figures

G7 foreign ministers condemn Black Sea shipping strikes, citing food security

Foreign ministers of the G7 met in Paris on November 9 and 10 and issued a joint statement, released by Global Affairs Canada on November 11. They condemned the strikes on civilian ships around the Black Sea and said these carry significant consequences for food security worldwide. The ministers called for continued action on food trade problems tied to the Black Sea, to Hormuz being shut, and to El Niño. They also said that both sides stopping attacks on energy sites and in the Black Sea would be an important first step toward lasting peace.

World events. Added 9:29 am Saskatchewan time.References 1

Tuesday, November 10

Official figures

Canada puts sanctions back on 11 Iranian entities it delisted in 2016

Foreign Minister Anita Anand said Canada is bringing back sanctions on 11 Iranian entities that it removed from its list in 2016. Global Affairs Canada said the group is linked to Iran's nuclear work, its ballistic missile program or the financing of its other activities. Anand made the announcement in Paris, where G7 foreign ministers were meeting. The department counted 25 rounds of Canadian sanctions on Iranian targets, covering 237 individuals and 276 entities in total.

World events. Added 6:18 am Saskatchewan time.References 1 2

Monday, November 9

Official figures

Canada sanctions 38 entities and 24 individuals tied to Russia's war on Ukraine

Foreign Minister Anita Anand announced new Russia sanctions in Paris on November 9, on the sidelines of a G7 foreign ministers' meeting. Newly listed are 38 entities and 24 individuals, among them parts of Russia's defence industry linked to ballistic missile technology and cyber activity, plus financial backers such as crypto exchanges. The release said the measures aim to weaken Russian military capability and raise the economic cost of the war on Ukraine. It also said that since 2014 Canada has sanctioned over 700 vessels and more than 3,500 people and organizations.

World events. Added 12:41 pm Saskatchewan time.References 1

Sunday, November 8

Official figures

World food prices fell 1.2 percent in October as cereals eased, FAO says

The United Nations Food and Agriculture Organization said its food price index averaged 133.9 points in October 2026, down 1.2 percent from September but 5.9 percent above a year earlier. The cereal index fell 4.5 percent to 116.8 points. The agency linked lower wheat prices to subdued international demand and a better production outlook, and lower maize prices to harvest pressure in the United States. The vegetable oil index edged up 0.3 percent to 199.2 points, and the agency said soybean oil reached its highest level since late 2022.

World events. Added 10:10 pm Saskatchewan time.References 1