Boats on the Black Sea and the unknown of sowing in Ukraine

Published 2022년 3월 17일

Tridge summary

Boat movements have resumed in the Black Sea, leading to increased agricultural trade despite high insurance premiums and inflated prices. Russia is increasing its wheat exports, and Egypt is seeking alternative sources of cereals as the conflict continues to impact Ukrainian agricultural production. The Food and Agriculture Organization predicts significant drops in yields, with countries like Yemen and Somalia at risk of further instability due to the already precarious food situations in these countries.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Boat movements have resumed on the Black Sea and the markets for agricultural raw materials "integrate the idea that Ukraine, a major exporter of corn, wheat and sunflower, will not be there", summarizes Gautier Le Molgat, analyst at Agritel (Argus Media France). Russian shipments in the Black Sea Despite the inflation of insurance premiums and price levels, with wheat around 380 euros per tonne for loading in May on Euronext, trade is intensifying. The price has stabilized in recent days but remains at an almost record level, about 85 euros per tonne higher than on the eve of the invasion. Bulk carrier movements have resumed from Russia and Romania, Turkey is buying 270,000 tonnes of soft wheat, Algeria is looking for feed barley. Egypt, which is still awaiting its Russian deliveries, has also, via a private buyer, acquired a load of cereals from France, indicates the firm Inter-Courtage. "Shipments from Russian Black Sea ports have increased significantly. We have raised our ...

Source: Pleinchamp