The Russian invasion of Ukraine continues to weigh on the markets. Commodity prices plummeted Tuesday on talk of promising progress in negotiation talks between the two country. While debate swirled on if Russia will pull back troops from Kyiv, there’s still concerns about planting potential in Ukraine, as well as the current state of agricultural exports out of Ukraine.
The Ukranian government announced it is removing corn and sunflower oil export license requirements. It’s hoped it will allow for easier export of those products from the country. It’s also hoped the sale of the commodities will provide money for spring planting.
Read More: EU Accuses Russia Of Deliberately Targeting Ukraine’s Farmers, Agriculture as Major Planting Problems Unfold
The Ukrainian Grain Association says the country used to be able to export about 200,000 metric tons of grain per day through its ports. However, it says using railways, the country can only export about 20,000 metric tons per day.
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