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Russian attacks on key Ukrainian port damage Viterra grain terminal

 

Bloomberg

Rocket attacks on the Ukrainian port city of Mykolayiv have damaged a terminal owned by agricultural trader Viterra.
“Viterra can confirm that its Everi terminal was hit and is currently on fire,” a company spokesperson said Wednesday, adding that there were no fatalities. The terminal can export as much as 1.5 million tons of vegetable oil a year. Russian forces fired at least seven missiles that struck southern Mykolayiv, regional governor Vitaliy Kim said on Telegram. Chicago wheat prices rose by as much as 3.2% following the assault.
Since Russia’s invasion of Ukraine, the destruction of crops and a blockade of export routes have triggered inflation across staple foodstuffs around the world. Ukraine has suffered $4.3 billion in damage to farmland, machinery and livestock as a result of the conflict, according to the Kyiv School of Economics.
A major player in grains and other agricultural products, Viterra is 50% owned by the world’s top commodities trader, Glencore Plc.

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