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Nibulon, a major Ukrainian grain trader, plans to keep exporting large volumes via the costlier Danube river routes as a backup to the Black Sea ports. Its CEO says the alternative routes deter Russian strikes on Odesa.
Black Sea ports are again shipping large volumes after repeated Russian attacks.
Diversified export routes keep Ukrainian grain flowing and cap supply disruption risk, which limits upside pressure on prices. Higher river costs raise export margins for traders.
airfreight.newsBloombergAug 16, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
