Ukraine
Threat of global food crisis recedes as grain ships leave Ukrainian ports
The vessels are the first to depart the ports on the Black Sea in months, following Russia’s deal with Ukraine last month to allow safe passage to grain shipments
The threat of an unprecedented global food security crisis is receding after ships loaded with wheat left Black Sea ports in Ukraine earlier this week for the first time in months, according to grain market analysts.
Rory Deverell, a risk management consultant with Stone X, an international trading and brokerage firm, said he expects grain exports from Ukraine to double over the coming months to about two million tons per month, which would help alleviate ...