Global grain trade redrawn by conflict


FILE PHOTO: Ears of wheat are seen in a field near the village of Hrebeni in Kyiv region, Ukraine July 17, 2020. REUTERS/Valentyn Ogirenko/File Photo

LONDON: Across Ukraine’s farm belt, silos are bursting with 15 million tonnes of corn from the 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$120bil (RM506bil) global grains trade.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

   

Next In Business News

Softbank to grow global IoT business in Apac
Allianz Asia Pacific opens regional delivery centre in KL
Malaysia's refined fuel consumption growth set to slow down over next decade - BMI
Malakoff invests RM2.5bil to develop 500MW solar projects within five years
Chinese developer SCE Group seeks offshore debt restructuring after default
Asia stocks slump as bond selloff spooks markets
Oil dips on high interest rate worries, Opec+ panel awaits
SC, Agriculture Ministry set up steering committee to help agropreneurs
SoftBank CEO Son says artificial general intelligence will come within 10 years
Sell-off continues as surging bond yields sap investor appetite

Air Pollutant Index

Highest API Readings

    Select State and Location to view the latest API reading

    Source: Department of Environment, Malaysia

    Others Also Read