Plummeting yields in Black Sea region increases commodity price volatility
6th August 2012 Substantially lower-than-expected yields from harvests in Southern Russia, Ukraine and Kazakhstan will considerably reduce exportable surpluses from these countries and drive commodity prices even higher, according to Offre & Demande Agricole UK Ltd (ODA), Europe’s leading provider of independent grain market intelligence services to the farming and agri-food industry.“In recent weeks most commentators have been focusing on the United States Department of Agriculture’s (USDA) downgrading of estimates for world stocks of wheat, corn and soybeans, but that is only one part