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    PRICES REMAIN WEAK AMID LARGE SUPPLIES AND SLUGGISH DEMAND. WILL BLACK SEA GEOPOLITICS CHANGE IT ALL?

    13 Apr 2023
    Week after week, we have been repeating the same story: the bearish market trend, initiated after last summer’s price peak, will find a floor and prices could rebound strongly on the back of Black Sea geopolitics. We believe the floor is not far away as we are now trading at or below 2023 cost of production. We will review here and once again, why we still believe a price rebound is probable between now and harvest.

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