Traders doubt Ukraine deal: No guarantee of export

Two commodity traders indicate several aspects lacking in the deal meant to ensure export of the many millions of tonnes of grain stuck at Ukrainian ports, saying it’s unrealistic to believe the deal will have any noteworthy impact.

Grain terminal close to port city Odesa, Ukraine. | Photo: Stringer/Reuters/Ritzau Scanpix

Although the agreement to ensure grain exports out of Ukrainian and Russian ports has been officially signed, there is still no guarantee that it will have an actual effect, with two commodity traders arguing there is a great difference between wording and reality.

One of these is Indrek Aigro, grain broker with Copenhagen Merchants, which is among Europe’s largest trading and logistics firms and deals in grain and other commodities across the world.

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