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Analysts at UkrAgroConsult say the EU will impose tariffs of up to €95 per tonne on Russian and Belarusian sunflower seed, wheat, corn and feed products from July 1. Russia's meal exports to the EU are a large share of its total, so the EU will need other suppliers.
The EU ban removes a cheap meal source and could lift European meal prices, while lower domestic meal prices in Russia would shift that trade. Buyers should expect tighter EU supply and shifting Black Sea flows.
ukragroconsult.comSvitlana KupreevaJun 14, 2024Not enough comparable past events yet for a historical read.
Not 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.
