Russia’s grain shipments drop by half: World Prices set for an all-time high.

Grain shipments from Russia have more than halved due to traffic restrictions in sea and river ports, the country’s grain union announced on Wednesday.

READ MORE: China lifts all restrictions on wheat imports from Russia

The decline in exports is due to disruption to both sea and river routes

Before the current situation [the war in Ukraine and sanctions on Russia], daily shipments of grain from Russia amounted to 100,000 tons.

Now the volume is less than 40,000 tons,” the union’s president, Arkady Zlochevsky, said, as cited by RIA Novosti.

Russia’s grain shipments drop by half

Not only has navigation via the Sea of Azov, which hosts several large Russian ports, been halted, but also shipments on river-sea routes in the Azov Basin, Zlochevsky explained, adding that only long-term contracts were currently permitted to be fulfilled.

Russia is the world’s largest exporter of wheat, accounting for over 18% of international exports.

Together with Ukraine, which has also stopped shipping grain, the two countries account for about 30% of global wheat supplies.

The crisis threatens to push food prices across the world to an all-time high.

3 thoughts on “Russia’s grain shipments drop by half: World Prices set for an all-time high.”

  1. Reblogged this on The Most Revolutionary Act and commented:

    Grain shipments from Russia have more than halved due to traffic restrictions in sea and river ports, the country’s grain union announced on Wednesday.

    READ MORE: China lifts all restrictions on wheat imports from Russia

    The decline in exports is due to disruption to both sea and river routes

    “Before the current situation [the war in Ukraine and sanctions on Russia], daily shipments of grain from Russia amounted to 100,000 tons.

    Now the volume is less than 40,000 tons,” the union’s president, Arkady Zlochevsky, said, as cited by RIA Novosti.
    Russia’s grain shipments drop by half

    Not only has navigation via the Sea of Azov, which hosts several large Russian ports, been halted, but also shipments on river-sea routes in the Azov Basin, Zlochevsky explained, adding that only long-term contracts were currently permitted to be fulfilled.

    Russia is the world’s largest exporter of wheat, accounting for over 18% of international exports. Together with Ukraine, which has also stopped shipping grain, the two countries account for about 30% of global wheat supplies.

    Like

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