Ukrainian grain exports have fallen by 75% in the first two weeks of August compared to the same period last year. Russian strikes have nearly halted shipments through Black Sea ports at the height of the harvest season.
Source: Reuters
Details: Russia attacked Ukrainian port infrastructure more than 70 times in July and early August and struck vessels 62 times, as the Sea Ports Administration reported. Around 90% of Ukraine's wheat, maize and sunflower seed exports pass through the Black Sea.
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Meanwhile, grain storage facilities are filling up with the new harvest. Ukraine expects to harvest around 60 million tonnes of grain, and the shortfall in storage capacity could reach 11 million tonnes.
