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Russian Grain Exports Boom While Deal Risk Hobbles Ukraine Flows

  • Ukraine safe-corridor for crops is up for renewal Nov. 19
  • Russia’s exports over past six weeks jump 42% from last year
Bloomberg business news
Food Security At Risk as Prices Soar

Russia’s grain-export pace is accelerating, just as Ukraine shipments are hit by uncertainty over whether the landmark Black Sea deal will be extended later this week.

Strong demand and competitive prices are spurring Russian shipments after a slow start to the season. It exported 6.53 million tons of grain and other foodstuffs by sea since Oct. 1, compared with 4.59 million tons over the same period last year, according to ship lineups from Logistic OS.