Ukraine Blocks Wheat Exports

A report on Reuters this morning says that new export criteria introduced by the Ukraine Customs Service "effectively means a ban on wheat exports".

The new quality measures have apparently been brought into immediate effect.

Very interesting, Mr Bond.

What happens to existing sales? Nobody seems to know at this stage, presumably force majuere if the government introduce new rules preventing you from fulfilling existing obligations? Sellers will be happy to run with that line of thinking I'm sure.