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Reports indicate that Ukrainian and Russian grain exports are experiencing a sharp decline in the early months of the 2026-2027 season, with exports expected to reach around 8 million tons compared to over 16 million tons a year earlier—a decrease of nearly 50% compared to the average of the past five years. This decline is attributed to significant difficulties faced by Ukraine and Russia in wheat exports, resulting from hesitations at Black Sea ports and the absence of secure maritime routes. These challenges reduce global market supplies and threaten global food security. The operational capacity of alternative ports and terminals is considered limited, further restricting export capabilities and increasing the likelihood of supply shortages during this season.
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