oqtave | BIGSTOCK

Aug 08, 2022

10 Ukrainian Grain Ships Have Sailed Under Russian Deal

Around 243,000 tonnes of corn has been exported from Ukraine on seven ships so far

Two more ships, carrying corn and soybeans, departed from Ukrainian Black Sea ports on Monday, Turkey and Ukraine said, taking the total to 10 since the first ship sailed last week under a deal with Russia to unblock Ukrainian grain exports, Reuters reports.

So far, around 243,000 tonnes of corn has been exported from Ukraine on seven ships since August 1, according to a Reuters tally of data from Turkey's defence ministry.

In peacetime, Ukraine can export up to six million tonnes of grain a month.

The resumption of grain exports is being overseen by a Joint Coordination Centre (JCC) in Istanbul where Russian, Ukrainian, Turkish and U.N. personnel are working.

Ukraine's infrastructure minister, Oleksandr Kubrakov, confirmed the two latest ships left on Monday, adding Pivdennyi, the third Ukrainian port included in the deal, was finally up and running as part of the initiative.

Could take months to clear the backlog

Last week, Ukrainian presidential officials noted 17 ships were docked in Black Sea ports with almost 600,000 tonnes of cargo, mostly grain.

The flow of corn, wheat and barley will still be lower than before the war. It will take months to clear the backlog of grain, and this season’s harvests are expected to be depleted by the war.

The U.S. Department of Agriculture predicts Ukraine will export 30.6 million metric tons of grains and seeds over the 2022-23 season, almost half the tonnage of the season before.

Lisa Cleaver

Sponsored Items

Recently Added to Buyer's Guide

AgraStrip Pro GMO Rapid Test Kits

  • Independent, simultaneous testing of up to four samples
  • Limits of detection as low as 0.1%

Granulex 5

  • Up to 30% reduction in energy consumption per ton
  • Connects to Bühler Insights to enable 24/7/365 data-based decision making

Automated Extrusion Control Systems

  • Designed for increased efficiency, higher production rates, reduced waste
  • Consistent results and quality across production lines, shifts and plants

Catwalks & Towers

  • Includes handrail trusses, outrigger trusses, and walk-thru truss style catwalks with standard spans over 200 feet
  • Welded sections and panels allow for easy field assembly while maximizing freight

Market+ Merchandise

  • Bid Management to upload or enter bids, easily adjust basis and other details, and publish to originators and farmers
  • Competitive insights to see how bids compare to other nearby bids

Hydro-Mix XT-FS Sensor

  • Designed to measure moisture in flowing material where there is a food safety requirement
  • Installed in ducting, conveying and mixing systems in process control environments

Magazine

Marketwatch: Dec, 06

US Corn Price Idx: ZCPAUS.CM

open: 6.5328
high: 6.55
low: 6.4408
close: 6.4673

US Soybean Price Idx: ZSPAUS.CM

open: 14.2059
high: 14.2809
low: 14.1255
close: 14.1516

US Hard Red Winter Wheat Price Idx: KEPAUS.CM

open: 8.3708
high: 8.3933
low: 8.0459
close: 8.0561

US Soft Red Winter Wheat Price Idx: ZWPAUS.CM

open: 6.9245
high: 6.947
low: 6.6307
close: 6.6779