Farm Policy News published an article stating with more than 20 million tons of grain from last year’s harvest stuck in storage, the resumption of shipments by sea has been a top priority for the Ukrainian government. “But economists warn it is too soon to declare victory. Agricultural markets remain volatile and the continuing war in Ukraine, combined with unusually hot and dry weather in Europe and parts of the U.S., could bring new disruptions to food supplies. “‘We’ll see certainly in the short run adjustments in prices,’ said Rob Vos, division director (Market, Trade, and Institutions), “I would be very cautious in making big projections that things are stabilizing and getting better because we still are in a pretty difficult and tight situation.”
Ukraine grain shipped, but global hunger still looms (Farm Policy News – University of Illinois)
August 02, 2022