Russian Grain Keeps Flowing Even as Invasion Slows Shipments

  • Ships leaving Russia ports fall by two-thirds in March: AgFlow
  • Ukrainian ports have been shut since Russia’s invasion
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Grain exports from Russia are slowingBloomberg Terminal but continue to flow, with ships calling at the nation’s ports even as the war in Ukraine rages on and fears over global food security increase.

AgFlow, a Geneva-based crop data company, estimates about 73 vessels carrying agricultural staples like wheat departed Russia in the first two weeks of March, versus 220 during the same period last year. Sea/ by Maritech, another ship-tracking platform, estimates crop tonnage from the nation’s ports in the week to March 12 fell by half from the preceding seven days.