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A number of factors have converged over the last 18 months to send global agricultural commodity prices to near-record levels. Russia’s invasion of Ukraine – and the potential loss of Ukrainian exports – was the latest development to push commodity prices higher.
MY2018/19 wheat and barley production volumes are forecast to remain relatively stable, with corn increasing slightly and rye decreasing.
In 2017, exports of U.S. fish and seafood into Ukraine increased by almost 42 percent with an optimistic outlook for 2018.