Consumers are being forced to source grain and oil from increasingly distant countries after conflict in eastern Ukraine disrupted traditional routes. This was reported by Bloomberg Referring to the report of the United Nations Conference on Trade and Development (UNCTAD).
Grain cargoes in 2023 have moved an unprecedented distance since tracking began in 1999, according to UNCTAD chief Rebekah Greenspan. After the blockade of Ukrainian ports, importers turned to other countries again. While Moscow is looking for new markets to replace Europe, Russian oil is making record progress.
According to UNCTAD, the average distance of grain transportation increased by 7.4% compared to 2021, and oil by 6.4%. “This is due to the logistics disruption in the Black Sea and the conflict in Ukraine,” Greenspan said.
Bloomberg recently registeredIt was stated that there was a shortage of diesel fuel in the world due to the decrease in oil production of Saudi Arabia and Russia.
It was previously known that Russia’s LPG exports could be realized. to reach Historical record in 2023