The Russian Federation’s Disruption of the Grain Agreement The ongoing grain agreement dispute, primarily involving Russia and Ukraine, is revealing a significant power play in the realm of international trade. According to Ukraine’s Permanent Representative at the UN, Serhiy Kyslytsia, Russia has been manipulating the situation to its advantage, alleging that the grain agreement is … Read more
Disruption in the Grain Initiative The Ukrainian Ministry of Reconstruction recently announced that Russian representatives have effectively halted the operation of the grain initiative by refusing to register and inspect vessels intended to move to Ukrainian ports via the grain corridor. Such actions contradict the existing agreement’s terms, causing significant disruption in the international grain … Read more
Amid the ongoing Russo-Ukrainian War, which escalated with Russia’s invasion and occupation of parts of Ukraine on 24 February 2022, the Russian Foreign Ministry announced that talks between Russia and the United Nations regarding the Black Sea grain deal are scheduled to take place in Moscow on May 5, 2023. UN’s top trade official Rebeca … Read more
Fed’s Interest Rate Hike Plans Impact Commodity Markets The US Federal Reserve’s plan to raise interest rates by 25 basis points above 5% to curb inflation is causing a ripple effect in stock and commodity markets, decreasing speculative demand and prices for oil and other commodities like grains and oilseeds. The move to increase interest … Read more
The global french fries market has experienced a significant transformation in recent years, with Russia, India, and China emerging as dominant players in the industry. The departure of major producers such as McCain Foods and Lamb Weston from Russia has paved the way for increased production and the opening of new factories in these countries. … Read more
The ongoing conflict in Ukraine and the subsequent sanctions imposed by the EU and its partners have led to a dramatic shift in Russia’s trade relations with the EU and the rest of the world. Prior to the war, Russia was an essential trade partner for the euro area, supplying around a quarter of EU … Read more