Ukraine's Deputy Prime Minister Says Due To Russian Attacks Danube Ports Have Already Reduced Their Export Potential By Almost 0.5m Tons Of Grain Per Month
Portfolio Pulse from Benzinga Newsdesk
Ukraine's Deputy Prime Minister has announced that due to Russian attacks, Danube ports have reduced their export potential by almost 0.5m tons of grain per month.
September 13, 2023 | 1:27 pm
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NEGATIVE IMPACT
The reduction in grain exports from Ukraine due to Russian attacks could potentially impact the price of corn.
Ukraine is a major exporter of grain, including corn. The reduction in exports due to Russian attacks could lead to a decrease in the global supply of corn, potentially driving up prices.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The reduction in grain exports from Ukraine due to Russian attacks could potentially impact the price of soybeans.
Ukraine is a major exporter of grain, including soybeans. The reduction in exports due to Russian attacks could lead to a decrease in the global supply of soybeans, potentially driving up prices.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The geopolitical tension between Russia and Ukraine could potentially impact the overall market, represented by SPY.
Geopolitical tensions and conflicts can create uncertainty in the market, potentially leading to a decrease in the overall market, represented by SPY.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60
NEGATIVE IMPACT
The geopolitical tension between Russia and Ukraine could potentially impact the European market, represented by VGK.
Geopolitical tensions and conflicts can create uncertainty in the market, potentially leading to a decrease in the European market, represented by VGK.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60
NEGATIVE IMPACT
The reduction in grain exports from Ukraine due to Russian attacks could potentially impact the price of wheat.
Ukraine is a major exporter of grain, including wheat. The reduction in exports due to Russian attacks could lead to a decrease in the global supply of wheat, potentially driving up prices.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80