It's almost as if there's 'news fatigue' about the Black Sea grain deal, analyst says
S&P Global Commodity Insights says that the agreement to export Ukrainian grain through the Black Sea is unlikely to be renewed.
Meyer explained that the Ukrainian exporters have other options, such as the Danube or the rail network in Belarus. He said that it is not because they are unhappy with the service but rather, the other options were more appealing. Peter Meyer from S&P Global Commodity Insights believes the agreement for Ukrainian grain to be exported through the Black Sea is unlikely to be renewed. Meyer explained that Ukrainian exporters have many other options, such as the Danube or the rail network in Belarus. He said that it's not because they are unhappy with the service but rather, the other options were more appealing.