Ukraine’s New Grain Corridor Is Working, Bringing Down Prices
- More than half a million tons of crops shipped in early August
- UN chief visits Ukraine this week to meet leaders, visit port
A farmer operates a combine harvester cutting through a field of wheat in Kryvyi Rih, Ukraine, on June 28.
Photographer: Julia Kochetova/Bloomberg
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Ukrainian grain flows are pushing down global prices as the newly opened crop-export corridor shows initial success.
More than 500,000 tons of foodstuffs aboard 21 ships were exported from the country’s major Black Sea ports in the first half of August, under a deal agreed late last month. That’s far below a normal pace, but is providing some relief to grain supplies strained by Russia’s invasion and bad weather curbing harvests elsewhere.