Tag

Wheat Exports

All articles tagged with #wheat exports

international-relations2 years ago•1 min saved

Ukraine Defies Russian Threats, Successfully Delivers Second Wheat Shipment to Turkey

A second Ukrainian wheat cargo ship has successfully arrived in Istanbul via the Black Sea, despite threats from Moscow to attack boats entering and leaving Ukraine. This comes as Russia suffers from fuel shortages, which are likely caused by factors such as increased demand from the agricultural sector, refinery maintenance, and attractive prices. Russia suspended most diesel and petrol exports to stabilize its internal markets, further constraining supplies in a tight global market and impacting countries dependent on Russian fuel supplies.

via Euronews|

#black-sea #fuel-shortages #international-relations

international-trade2 years ago•6 min saved

"Black Sea Wheat War: Russia's Shipping Challenge and Escalating Risks"

Russia's lack of ships and Western grain traders' reluctance to do business with Moscow are driving up the costs of moving Russian wheat. The war in Ukraine has escalated, with sea-drone attacks on Russian vessels, posing risks to transport in the Black Sea. These challenges, along with the financial and security risks associated with trading with Russia, are pushing Moscow towards older and smaller vessels operated by less established shipping companies. The situation raises doubts about Russia's ability to maintain its record pace of wheat exports and could potentially lead to higher global wheat prices.

via gCaptain|

#black-sea #international-trade #russia

agriculture2 years ago•6 min saved

Russia's Shipping Woes: Consequences of Attacking Ukraine's Wheat Exports

Russia's lack of ships and reduced appetite from Western grain traders are increasing the costs of moving Russian wheat, as the war in Ukraine threatens vital Black Sea supply routes. President Vladimir Putin's decision to end an arrangement that allowed Ukrainian grain safe passage in the Black Sea has led to a de-facto blockade on Ukraine and attacks on storage facilities. In response, Ukraine has targeted Russian vessels, adding to the risks of transport in the region. The situation is raising doubts about Russia's ability to maintain its record pace of wheat exports and could potentially drive up global wheat prices.

via Reuters|

#agriculture #black-sea #russia