A prolonged blockade of Ukrainian ports could cause global agricultural commodity prices to rise by up to 30%.
Source: Agriculture and Food Minister Taras Vysotskyi in an interview with Ukrainian public broadcaster hromadske
Details: Meanwhile, Vysotskyi noted that the main wave of price increases will begin after the harvest season ends.
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"There is a large harvest this year, so we are not seeing any major impact on prices yet. Unlike in 2022, when exports stopped in March, when stocks were already being drawn down, the impact on prices was immediate. So if this situation continues for another few months, it will definitely have an effect.
