Russia withdrew itself from the UN-brokered deal, which stated that the Russian Federation allows Ukraine to export grain through the Black Sea en route. The withdrawal was likely to impact wheat and related food markets all over the world, along with wheat imports globally. While Russia, after suspending the extension of the UN-brokered Ukraine grain […]
There are immense, severe consequences emerging from the Russia and Ukraine tensions. Following Russia’s invasion of Ukraine today, the prices of edible oils will go higher, as per traders and manufacturers. The vegetable oils market shook from the sudden impact. Ukraine is the highest exporting country of edible oils, especially sunflower oil, with a 76% […]
Several commodity markets are starting to experience a risk of global supply chain hindrance due to growing tension between Russia and Ukraine. There is still plenty of uncertainty over how the situation will evolve, but it is still worthwhile to look at the potential impact on international trade as prices of several commodities including crude […]
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