End of the agreement between Ukraine and Russia to export grains will affect prices

Published 2023년 7월 20일

Tridge summary

Russia's termination of its cereal export agreement with Ukraine will result in an increase in grain prices, including wheat, corn, and sunflower. The elimination of Ukraine's access to the Black Sea route for exporting its crops will lead to a decrease in supply, impacting Latin America and other parts of the world, causing food prices to rise. The situation is further exacerbated by a drop in wheat production in Bolivia due to drought.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

After Russia terminated the cereal export agreement that it maintained with Ukraine so that the latter country has an exit route for its production through the Black Sea, in the midst of the war between the two countries, from the Association of Oilseed and Wheat Producers (Anapo), they warn that Bolivia will not be oblivious to its consequences. The general manager of Anapo, Jaime Hernández, stated that there will be no going back to this situation and will result in an increase in the prices of grains such as wheat, corn and sunflower due to the fact that a significant decrease in the supply for different markets will be generated. "The impossibility of removing that production from Ukraine (through the Black Sea) can have an effect on prices," Hernández warned when consulted by UNITEL. "If confirmed, there may be a rise in prices," he remarked. The agreement allowed Ukraine to export grain from its ports and safely navigate through the Black Sea to the Bosphorus Strait in ...
Source: Publiagro

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