"Ukraine Grain Shipment Departs for First Time Since Russian Invasion; Ship leaves port of Odessa following deal aimed at easing the global food crisis" - WSJ - SCW Newswatch
The Wall Street Journal reports on the resumption of Ukrainian grain shipments out of the Black Sea port of Odessa under a recently formed agreement, even as the Russo-Ukrainian War still rages.
“Ukraine dispatched its first grain shipment since the start of Russia’s invasion on Monday … the first test for a deal reached last month to allow Ukraine, one of the world’s largest grain exporters, to begin shipping some 18 million metric tons that Russia’s invasion … trapped …. It will take months to clear the backlog … [USDA] predicts Ukraine will export 30.6 million metric tons of grains and seeds over the 2022-23 season, almost half the tonnage of the season before. … Farming accounted for over 40% of Ukrainian exports before the war and employs 14% of the country’s population, according to [USDA]. [Resumption of shipments] could offer a lifeline to Ukraine’s embattled farmers, … [providing] hard cash … to buy … seeds, fuel and fertilizer … need[ed] to sow their next crops and ensure their survival. Before the war, Russia and Ukraine together accounted for almost a third of all global wheat exports. [and] Ukraine was … a major exporter of corn and barley. …”
The July 22 agreement to allow grain shipments came after months of negotiations brokered by Turkey and the UN.
A Ukrainian government vessel escorted the cargo ship making the first run. Inspection teams monitoring the process under the agreement include officials from Turkey, the UN and Russia.
Click here for: “Ukraine Grain Shipment Departs for First Time Since Russian Invasion; Ship leaves port of Odessa following deal aimed at easing the global food crisis” - Wall Street Journal/ Matthew Luxmoore, Jared Malsin, Alistair MacDonald - 8.1.22
Key Words: Ukraine, Russia, Russo-Ukrainian War, Ukrainian Agriculture, Ukrainian Economy, Trade, Odessa, Black Sea
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