Shipments from Ukraine’s three operating Black Sea ports, among them Odesa, have fallen to a four-month low in recent weeks
Ukraine is accusing Russia of deliberately obstructing the inspection of ships at Black Sea ports, reducing the grain deliveries by half or more in recent months and impairing the ability of some poor countries to receive adequate food supplies.
“The Russians would like to limit Ukraine’s ability to run its economy and to get income, and they also like to show their importance in the Black Sea,” said Andrii Ryzhenko, a retired Ukraine navy captain and former assistant minister of defence who monitors the grain deal for the Centre for Defence Strategies , a Ukrainian think tank. “The grain deal gives Russia leverage for talks with Ukraine and the West.
On Friday, the UN’s Food and Agricultural Organization , said that overall global food prices have fallen almost 18 per cent since their March peak. But it noted that prices for cereals rose marginally in January and are up 4.8 per cent over a year. FAO in part blamed “tighter availabilities,” offset somewhat by greater wheat supplies from Russia and Australia, though not Ukraine.
The recent inspections bottleneck reduced the shipments of grain and other agricultural products by 19 per cent in January over the previous month, according to maritime data compiled by Lloyd’s List Intelligence
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