Ukraine finds new grain routes after port issues
Ukraine is relying on alternative routes to export grains after the Black Sea ports were disrupted. It is expected that the capacity of these new routes will reach the necessary levels by late August, although they will only cover about half of the usual volumes due to ongoing Russian attacks on ships and maritime infrastructure. This situation is affecting the country's exports and causing a decline in grain and oilseed prices by up to 30%. The Russian attacks, targeting the Odesa port and export facilities, have nearly halted ship movements. Ukraine also indicates significant impacts on its agricultural sector, with direct losses estimated between $1.5 billion and $3 billion this year.
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