Russia's wheat exports fell 38 percent in July to September compared with a year earlier, the Financial Times reports, as Ukrainian attacks on ports and...
Russia's wheat exports fell 38 percent in July to September compared with a year earlier, the Financial Times reports, as Ukrainian attacks on ports and ships disrupted Black Sea shipping and pushed up transport costs on some routes more than twofold.
Russia is looking for alternative routes, but Baltic and Caspian options cannot fully replace its Black Sea ports. For grain markets, the Black Sea is again a chokepoint, not just a trade route.
#Global