Grain Traders, Beware! A Note To Those In A Contract Or Planning To Contract

Out of all the soft commodities, the greatest drama of the season is undoubtedly centred upon the Black Sea region, as the grain traders are effectively on standby, in anticipation of potential government interference with trade.

Even though some of the restrictions are said to be expected or, in the case of Ukraine, even "agreed" with traders, it is market pressure and the uncertainty caused by the governmental authorities' unclear position which is obstructing the normal course of trading operations, and which could lead to various mistakes that may prove quite costly at a later stage.

The purpose of this short note it to remind all concerned of the issues to bear in mind where restrictions, or other impediments to trade, may be imminent.