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Traders in the grain pact. An agreement with Russia means a disagreement, kaj | Business

Ukraine is one of the world’s largest importers not only of warblers, but also of kukui and sunflower oil. The Russian invasion and subsequent blockade of Ukrainian farms thus had an effect on global food prices. They even drove some countries, such as Somalia, to famine. After rocket flow on Odsu the price of warbler rose on the Chicago stock exchange by 30 percent to 7.86 US dollars per bull (in terms of 6,930 crowns per ton).

Russian rockets hit Odsu on Saturday, just twelve hours later, huh Russian Defense Minister Sergey Oygu signed the agreement in Istanbul, which was supposed to guarantee that the ship would be able to sail safely through the corridors. The agreement does not deal with the demining of Ukrainian livestock or with the military escort of ships carrying grain. After the attack, Russia said it had fired a gun at the Ukrainian vessel. However, his claim was not supported by evidence.

Ukrainian Minister of Infrastructure Oleksandr Kubrakov said on Monday that the first ship, despite the Russian flow, will leave North Moskva this week. Kubrakov, who signed the agreement on behalf of Kyiv, added that although Ukraine does not trust Russia, it trusts its allies and partners, which is why the agreement was signed with the UN and Turkey, not with Russia.

Who will insure the cargo?

Markets are notoriously skeptical in the current situation. According to Mi Belikov, an agricultural expert at the Fastmarkets agency, who deals with price intelligence in the field of commodities, the customer is currently paying, not placing new orders.

Importers were and still are very pessimistic about the grain agreement, Belikov told the newspaper The Guardian. The most important thing is that they cannot doubt Russia, so do not perceive any agreement with Russia as an agreement, he added.

According to Belikov, the general priority of importers and buyers is the shipment of grain loaded on ships that have been standing in Ukrainian warehouses since the invasion. If things go smoothly, they will then start thinking about selling what is stored in the buildings, Belikov believes. New shops according to n are not possible yet.

One of the big questions that is emerging now is who will insure the risky journey of grain from Ukraine. It is really difficult to guarantee some safety for the staff, for the cargo, for the people who work in the building, Belikov pointed out.

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At the moment there is talk that a Turkish merchant ship may be used for future imports. The rest of the world is hampered by the looming danger, said Tim Worledge, also of Fastmarkets.

The Turkish ship, however, was smaller, carrying a maximum load of only 10 and 15 thousand tons, while the vessels that sailed from Ukrainian ports usually carried 40 and 70 thousand tons of cargo.

For the last five months, Ukraine has been constructing milky waterways along the Danube, which borders Romania, and Ukrainian railways are trying to increase rail imports to Europe. Ukraine now develops 2 million tons of meat grain through these channels, Belikov said. Before the wolf, it was 6 and 8 million tons of mass.

The Russian invasion and the approach to negotiations, including last Saturday’s flow, prompted millet buyers to diversify their supplies, Worledge said. The Ukrainian Minister of Infrastructure changed that the import will start from Ornomorsk, which is the nearest Ukrainian border with Romania. Belikov stated that, according to shipping data, at least 10 vessels, which represent more than 600,000 tons of cargo, have been under construction since November 24.

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