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Black Sea cargo traffic has dropped 37% year-on-year, tightening barley export logistics from Ukraine and Russia. Feed barley FOB prices remain broadly stable just below $200/t, though war-risk and insurance premiums are rising.
Higher freight, insurance and rerouting costs push up the effective cost of Black Sea barley, and buyers are building risk premiums into forward coverage even though spot quotes have not yet moved.
commodity-board.comCMB NewsNov 12, 2026Not 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.
