Russia’s mistake, the world will be punished, the missile attack on Ukraine will affect grain prices
After the news of the agreement between Russia and Ukraine, there were signs of relief from the grain crisis. However, after the cruise missile attack by Russia on the port of Odessa, things have changed again. There was a tremendous jump in prices in many markets of the world. In a recent agreement, it was said to allow the export of grain stranded in Ukraine through the Black Sea. The United Nations and Turkey also played an important role in this agreement.
It is reported that the prices in the futures market in Chicago rose up to 4.6 percent. At the same time, a jump of up to 2.8 percent was also seen in maize in the futures market on Monday. The special thing is that after allowing consignments through three ports including Odessa, the prices had fallen by about 6 percent on Friday.
Millions of tonnes of grain have been stuck in Ukraine due to the closure of major ports after the Russian invasion. Here, smaller quantities have been sent via road and rail to large customers in the Middle East and North America. The special thing is that these countries have also been forced to look for other places for supplies due to the deteriorating situation in Ukraine and Russia.
Speaking to Bloomberg, a person familiar with the matter said that nine boats were present at the port of Odessa, four of which contained corn worth $ 45.6 million. He informed that the boats carrying grain were going to Malta, Liberia, Sierra Leone and Panama.
What does the agreement say
Copies of the documents were posted on social media by Andrey Sibiha, deputy staff chief of Ukrainian President Volodymyr Zelensky. Under this, both the parties involved in the agreement were told not to attack ships or ports involved in trading activities related to grain. Ukrainian Army Southern Command spokeswoman Natalia Humenyak said the missiles had not damaged grain warehouses.
On Sunday, Russian Foreign Ministry spokeswoman Maria Zakharova said the Caliber cruise missile destroyed Ukrainian military bases in Odessa.
