By Ann Koh (Bloomberg) — The war in Ukraine will put further pressure on grain-importing countries in Africa and Asia as a reduced number of vessels for delivering cargoes drives up.
Bloomberg's Tarso Veloso Ribeiro reported yesterday that, "Corn futures in Chicago exceeded $8 a bushel for the first time in almost a decade, approaching a record high as war threatens global supplies, boosting demand for U.S. grain."
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esben poulsson was speaking to my colleague aaron heslehurst who started by asking when crisis will begin to ease. it shows no immediate signs of getting better but you have to look at the bigger picture and in terms of shipping, the shipping part of the supply chain, there are new ships on order, about 60% of the existing wellfleet are now on order and over time they will deliver to market. world fleet. what we do not know is the demand side and it depends on consumer behaviour and particularly in the developed world. ~ ., , particularly in the developed world. ~ . , ., ~ world. we have been talking about the world. we have been talking about the staggering - world. we have been talking about the staggering cost i world. we have been talking about the staggering cost of| about the staggering cost of shipping goods and i am wondering, who is charging the higher prices? there are a lot of parts responsible for