Commodities
Black Sea Shipping Restrictions Impact Grain Exports from Russia
Shipping restrictions on the Black Sea have hindered grain exports from Russia since July 10. The limitations are in place due to drone strikes in the area, according to market sources.
The restrictions have had a ripple effect on global markets. Prices for grains in Western Canada remain stable as of July 31, with averages ranging from CAD $235 per metric tonne in Saskatchewan to CAD $245 per metric tonne in Manitoba.