Ukraine Trade With Raw Materials Comes to a Standstill

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Volodymyr Selensky has declared martial law. People in Ukraine are storming supermarkets and pharmacies to stock up on supplies. Huge queues are forming in front of all the stores. Schools are closed, and very few people go to work. Very few people know what to do now. Truck drivers on their way to Western Europe are returning to their families.

There is a great fear among the population, which paralyses the country. Companies expecting goods from Ukraine must be prepared because they will not arrive.

Several Ukrainian companies report that their factories are closed. Some of these factories are close to important seaports and airports, which are under attack by Russian army forces. For this reason, the workers were told not to show up for work. The productions and shipments have come to a complete standstill.

Mintec Global

It is not difficult to predict that oilseed prices will continue to rise sharply. The impact of this war of aggression by Russia will have dramatic consequences for everyone.

Experts assume that there will be even more stockpiling of food and feedstuffs in the West. No one in the West still trusts Putin, and it cannot be ruled out that the war in Ukraine will develop into a conflagration throughout Europe.