Cash Strategist 2-7-2024
While most of the global unrest/tension recently has been focused on the Black Sea and the Red Sea, there is a growing situation across much of Western Europe that needs monitoring in the months ahead. European Union farmers are growing increasingly unhappy with government red tape, as well as the flood of cheap imports hitting their markets since the start of the Russia-Ukraine war.
Last week, we touched on the situation in the Red Sea and its effect on Ukraine’s grain exports. When the Black Sea Grain Initiative ended, most of Ukraine’s grain exports had flowed south and west, through Romania and Bulgaria. While this is a positive for the Ukrainian farmer, who now has an avenue to export grain mostly free from Russian missiles, it is a severe detriment to the Western European...
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