Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
WHEAT
Ukraine's First Deputy Prime Minister Yulia Svyrydenko has warned that the "Black Sea grain deal is under threat of halting," as Russia continues to prevent safe passage of vessels from Ukrainian ports.
- EU top diplomat Josep Borrell tweeted yesterday: "The consequence of the war affect us all Russia is once again blocking 50 ships with urgently needed grain in the Black Sea. The EU supports UN efforts & will continue facilitating exports through the EU Solidarity Lanes..."
- The Black Sea holdup comes as Poland, Hungary, and Slovakia struggle to reach an agreement on the transit Ukrainian grain, halted due to concerns over domestic markets.
- Polish Agriculture Minister Robert Telus said today transit would be resumed on Friday but mechanisms will be put in place to, "ensure that not a single ton of grain will remain in Poland."
- CEO of Ukrainian agribusiness HarvEast Dmitry Skornyakov said on the Black Sea deal: “For most farmers it’s not so critical now... but if it continues in the summer it will be very very challenging for us to survive.”
Figure 1: Ukrainian Grain Exports by Route (Bloomberg)
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok