Ukraine government officials have accused Russian forces of destroying grain storage facilities in the country. Nearly 25 million tonnes of grains are stuck in Ukrainian warehouses and unable to move out due to Vladimir Putin's War.
The UK body's forecast comes after the UN agency World Meteorological Organisation warned that there is more than 50 per cent chance of El Nino happening this year. El Nino is caused by an abnormal warming of the eastern Pacific Ocean and its impact would cause droughts and floods.
Back-to-back droughts in India, the world's largest importer of edible oils and pulses, has boosted prices and made pulses attractive to Canadian farmers.