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.