Vital Trade Route in the Black Sea Is at Risk
4 Articles
4 Articles
A new blockade due to Russia's war in Ukraine could cause a global food crisis
Export problems from the Black Sea region reduce the availability of sunflower oil and processed products on the world market. Restrictions on the operation of Ukrainian ports and a general drop in cargo flows from Ukraine and Russia create the prerequisites for strengthening prices, although previously significant global supply and competition from other vegetable oils put pressure on the market. Particularly noticeable for the market remains t…
Since July, Moscow has stepped up attacks on Ukrainian ports and ships in the Black Sea, seriously undermining Kiev's ability to export grain.
The Black Sea is one of the most important routes for the world's grain trade, but the war is increasingly limiting its use. Successive attacks on ports and transport infrastructure are hitting both Ukraine and Russia, and the effects of these problems are quickly beginning to be seen on the world market as well. Is the grain trade facing another major upheaval?
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