Deere Exec Says Demand Is Expected To Be Softest In Central & Eastern Europe, As Local Commodity Markets Remain Disrupted By Ongoing Conflict In Ukraine
Portfolio Pulse from Benzinga Newsdesk
A Deere executive has indicated that demand for their products is expected to be the softest in Central & Eastern Europe due to disruptions in local commodity markets caused by the ongoing conflict in Ukraine, as reported by Reuters.
February 15, 2024 | 3:13 pm
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Deere & Company's demand is expected to decrease in Central & Eastern Europe due to the Ukraine conflict affecting local commodity markets.
The ongoing conflict in Ukraine is disrupting local commodity markets in Central & Eastern Europe, which is a significant market for Deere & Company. This geopolitical situation is likely to lead to a decrease in demand for Deere's products in these regions, potentially impacting the company's revenues and market performance in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90