Commodity prices soar as Putin wages war

Grain and cereal arrivals from Ukraine at the Port of Valencia increased by 123% in the first half of 2024, signalling a recovery from war-related disruptions.

Grain exports from the US are projected to increase 12% in 2024, driven by a rebound in maize shipments, aided by normal Mississippi River water levels.

An acquisition by a New York investment house should make life easier in the Midwest agricultural supply chain.

Phil Hall, Mersey Port Director at Peel Ports Group, attributed the strong demand for port storage to poor weather impacting UK harvests, which has led to increased imports of grain and animal feed.

The port of Muuga, adjacent to the Estonian capital of Tallinn, is ready to handle this year’s grain harvest with renewed and modernised facilities.

Russia has sent its first 12,000-tonne grain shipment from the new Lugaport terminal in Ust-Luga, aiming to boost exports via the Baltic Sea.