PIXABAY

Aug 09, 2022

First Ukraine Grain Cargo Refused by Buyer

Two more grain ships leave Ukraine, bringing total to 12 under new deal

The Razoni, the first ship to depart Ukraine under an U.N.-brokered deal, is looking for another port to unload its grain cargo as the initial Lebanese buyer refused delivery citing a more than five-month delay, Embassy of Ukraine in Lebanon told Reuters on Monday.

The embassy said the buyer in Lebanon refused to accept the cargo due to delays in delivery terms.

"So the shipper is now looking for another consignee to offload his cargo either in Lebanon/Tripoli or any other country/port."

The Razoni left Odesa last week carrying 26,527 tonnes of corn.

Two more ships carrying grain leave Ukraine

Two more grain-carrying ships left Ukraine's Chornomorsk port on Tuesday, Turkey's defense ministry said, bringing the total to leave the country under a safe passage deal to 12.

Reuters reports the Ocean Lion left for South Korea, carrying 64,720 tonnes of corn, while the Rahmi Yagci was carrying 5,300 tonnes of sunflower meal to Istanbul.

Four ships that left Ukraine on Sunday are anchored near Istanbul and will be inspected on Tuesday, the defense ministry statement said.

Lisa Cleaver

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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