Source: The Financial Times online
Unfortunate weather circumstances this summer have caused a large decrease in production of grain and oilseeds all over the world. In Russia and Ukraine the government has decided to restrict the export on wheat. This delicate supply and demand situation has raised the concern of many importers because not only are these crops used as basic food for men, they are used to feed cattle and poultry too. As a result grain and oilseed prices have soared, meat shares have fallen and traders can’t use future contracts because of the restrictions on trading.
Geen opmerkingen:
Een reactie posten