It will take months before Ukraine grain exports reach prewar levels and storage backlog cleared

Published 2022년 8월 6일

Tridge summary

Ukraine's infrastructure minister has warned that it could take months for grain exports from Odesa and neighboring ports to reach prewar levels, despite the relaxation of a Russian blockade in the Black Sea. The first shipment of grain has departed for Lebanon, but only five vessels are expected to leave the ports in the next two weeks. The challenge now is to ensure smooth shipments and accelerate operations to export an estimated 16 million metric tons of grain trapped in Ukraine since the war began. Meanwhile, a lack of rain in parts of India is causing a decline in planting area for rice, the world's largest exporter, and France experienced its driest July on record, with searing heat putting strain on key crops.

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Original content

Financial Times writers Mehul Srivastava, Laura Pitel, Harry Dempsey and Emiko Terazono reported yesterday that, “Ukraine’s infrastructure minister has warned it will take months before grain exports from Odesa and neighbouring ports reach prewar levels and alleviate the global food crisis despite the relaxation of a Russian blockade in the Black Sea. “Speaking after the departure on Monday of a ship transporting corn from Odesa to Lebanon — the first under a deal between Russia and Ukraine brokered by the UN last month — Oleksander Kubrakov said he expected no more than five vessels to leave in the next two weeks from Odesa, Chornomorsk and Pivdennyi. “Last August, 194 grain-carrying vessels departed Ukrainian ports, including now Russia-controlled Mariupol, according to London-based shipbroker Braemar. Odesa, Chornomorsk and Pivdennyi previously handled about 60 per cent of all Ukrainian grain exports.” The FT writers explained that, “Moving the 20mn-25mn tonnes of grain trapped ...

Source: Agfax