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Cancellations of Fruit Export Contracts
Due to the growing currency exchange risks and the sharp devaluation of the ruble, Russia has seen cancellations of fruit export contracts from Egypt, Turkey, and Iran. Exporters from these countries are more cautious now and are demanding price re-negotiations to reflect the increased exchange rate risks.
Exporters Halt Exports of Fruits and Vegetables to Russia due to New Currency Risks • EastFruit
According to EastFruit there were several cancellations of previously agreed shipments of fruits and vegetables to Russia recently from Turkey, Egypt and Iran cause by sharp devaluation of Russian ruble and new currency risks while trading with this country. Here is a deep dive into the overall...
east-fruit.com
Cancellations of Fruit Export Contracts
Due to the growing currency exchange risks and the sharp devaluation of the ruble, Russia has seen cancellations of fruit export contracts from Egypt, Turkey, and Iran. Exporters from these countries are more cautious now and are demanding price re-negotiations to reflect the increased exchange rate risks.