Already battered by the war, the collapsed grain deal is hitting export-dependent Ukrainian agriculture to the core. „Our industry is slowly running out of money“, says Alex Lissitsa, head of the IMC agribusiness group, who now expects falling prices for Ukrainian grain and rising logistics costs. „The proceeds from the sale of winter wheat do not even cover production costs.“ Russia, on the other hand – also a global grain exporter – finds itself in the comfortable position of being able to export wheat on the world market at higher prices.