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Posted on: May 9, 2022, 3:01 p.m.
The government has launched a subsidy scheme for importers of cereal, flour and animal feed who have been impacted by price hikes caused by the Russian invasion of Ukraine. The government said in a statement on Monday that the conflict has increased food insecurity as Ukraine and Russia are major players in the world market for cereals and oilseeds. Ukraine accounts for 11% of the world wheat market while Russia accounts for 20%. "Given the storage, consumption limitations and current … Full investment news articleRelevent to this post: Louisiana Economic Development,