The US$120 billion global grain trade is being redrawn by Russia's war in Ukraine
Across Ukraine’s farm belt, silos are bursting with 15 million tonnes of corn from last year’s autumn harvest, most of which should have been hitting world markets. The stockpiles — about half the corn Ukraine had been expected to export for the season — have become increasingly difficult to get to buyers, providing a glimpse into the turmoil Russia’s war has wrought in the approximately US$120 billion global grains trade. Gummed up by supply chain bottlenecks, skyrocketing freight rates and extreme weather events, markets are bracing for more upheavals as deliveries from Ukraine an...
Source: taipeitimes.com
