BLACK SEA FOOD CORRIDOR: FEASIBILITY UP, PRICES STRONGLY DOWN.
23 Jun 2022
The only reason as to why prices reached record highs in May was the great uncertainty over massive Black Sea supplies not being exported. Markets had been pricing this uncertainty. ODA has been a strong believer that Ukraine and Russia would finally find an agreement. It is probably taking place now as Turkey, the U.N, Russia and Ukraine are meeting this weekend to potentially agree on terms to create a safe corridor for vessels to access ports which are full of grains and fertilizer.
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