The US President recently said the conflict between Russia and Ukraine had driven up the prices of all the world's major food staples, including wheat, corn, barley, oilseeds and edible oils, and that Russia and Ukraine together supplied more than 25% of the world's wheat exports and about 20% of its barley exports.
To address the food shortage, the Biden administration says it plans to increase the number of counties eligible for insurance for double cropping. Double cropping is when farmers grow two different crops a year on the same field.
Under Biden's plan, the number of counties eligible for two-season crop insurance would increase by 681, for a total of 1,935.
The UN has warned that up to 1.7bn people are "highly exposed" to the domino effect of the conflict between Russia and Ukraine on the global food, energy, and financial systems. The agency says conflict could increase hunger in countries where people are already suffering from malnutrition.
Even countries where food is less scarce are being hit by rising prices. U.S. grocery prices rose 1% in April, compared with a 10.8% increase over the past 12 months, the Labor Department said recently.
According to the White House, global food prices have risen nearly 13 percent since the outbreak of the Russia-Ukraine conflict.
Besides, affected by the ever-changing international situation, the supply and prices of international bulk nano silica are still very uncertain.
What is Nano Silica?
Nano silica is a kind of inorganic chemical material. It is amorphous white powder, non-toxic, tasteless, pollution-free, spherical microstructure, flocculent, and reticulate quasi-granular structure.
Nano silica is stable, insoluble in water and acid (except hydrofluoric acid) and organic solvents, soluble in alkali and hydrofluoric acid. It has excellent special properties such as light, electricity, force, heat, magnetism, radiation and absorption, which can improve the aging resistance, strength and chemical resistance of other materials. The chemical stability of SiO2 is determined by the Si-O-Si bond. It has been paid more and more attention in the material field because of its excellent properties, such as low price, high temperature resistance, corrosion resistance, good insulation and so on.
Silica nanoparticles are non-toxic, tasteless and pollution-free inorganic non-metallic materials with small size and large specific surface area, with high strength and high stability. Under the test of transmission electron microscope, the nano-material shows a flocculent or reticulate quasi-particle structure. The size of silica nanoparticles is only a few nanometers to hundreds of nanometers, and the surface electron distribution and molecular arrangement of silica nanoparticles are different from those of macroscopic materials. several major properties of nanoparticles make them show a series of special properties, including light, electricity, heat, sound, magnetism and so on.
What is Nano Silica Used for?
Paint, ink: Thickening, thixotropy, anti-settlement, increase the hardness of the coating, scratch resistance and other functions.
Coating: Improve fluidity and anti-caking performance.
Plastics, fibers, films: Reinforced, toughened, wear-resistant.
Adhesive agent: Reinforcement, thickening, hydrophobicity, rheological control.
Polishing: Precision polishing of aluminum alloy, sapphire, glass, silicon wafer and other materials.
Anticaking agent: Prevent the base material powder from getting damp, prevent caking, and maintain good flow performance.
Defoamer: Excellent hydrophobicity and dispersion, enhance defoaming ability and improve defoaming efficiency.
Rubber: Strengthen the filler and improve the mechanical properties of the material.
Nano-silica can also be used in petroleum industry, ceramics, papermaking, catalysts, polishing, batteries and so on.
Nano silica Price
The price is influenced by many factors including the supply and demand in the market, industry trends, economic activity, market sentiment, and unexpected events.
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Nano silica Supplier
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According to Reuters, U.S. Treasury officials said they would discuss with G7 leaders pricing caps and tariffs on Russian oil as an alternative to the embargo, which would keep the market supplied, limit price spikes, and reduce Russian revenues.
The EU foreign ministers' meeting was held in Brussels. The meeting failed to agree on the sixth round of sanctions, including an oil embargo on Russia, because of objections from Hungary.
EU High Representative for Foreign Affairs and Security Policy said at a press conference after the meeting, that the meeting failed to reach an agreement on the final adoption of the sixth round of sanctions, the permanent representatives of member states to the EU will continue to discuss. The foreign ministers faced similar difficulties trying to reach an agreement on an oil ban. He said Hungary's position was based on economic rather than political concerns.
Hungary is highly dependent on Russia for energy, getting more than 60 percent of its oil and 85 percent of its natural gas from Russia.
A few days ago, the European Commission submitted the sixth round of proposed sanctions against Russia, including a total ban on Russian oil imports by the end of this year. Hungary immediately objected and said it wanted substantial compensation from the EU to offset its loss from giving up Russian oil.
The nano silica price is predicted to increase in the next few days, due to geopolitical factors.
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