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 Sierra Leone-flagged cargo ship Razoni transits the Bosphorus passing under the Yavuz Sultan Selim Bridge. The Razoni is the first ship to export Ukrainian grain since the start of the war and a safe passage deal was signed between Ukraine and Russia. Picture: Getty

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 ...