The USD/PLN has tipped into six-month highs near 4.3850 as the Polish Zloty (PLN) continues to sag against the Greenback (USD) following agriculture c
omments from Polish Prime Minister Mateusz Morawiecki, who is threatening to extend Poland’s embargo on Ukrainian corn, wheat, sunflower, and canola.
The ruling Law & Justice party of Poland, a far-right ultra-nationalist party, is courting the farm vote ahead of the general election due to begin October 15th. Prime Minister Mateusz Morawiecki declared on the app formerly known as Twitter that, “Poland will not allow Ukraine grain to flood us”.
EU Agriculture Commissioner Janusz Wojciechowski, who is Poland’s former agriculture minister, announced on Tuesday that he was actively trying to extend the embargo.Ukraine’s Prime Minister Denys Shmygal has threatened legal action on the ban extension, citing potential violations of the General Agreement on Tariffs and Trade .
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