Overnight strikes on Izmail and Ust-Luga ports

Co wiedzieliśmy na początku

• Ukrainian grain exports fell 76% year over year to 201,000 metric tons.
• No vessel traffic entered Odesa region deepwater ports in August, and two Novorossiysk grain terminals were suspended.
• Ukraine struck Ust-Luga on Aug. 14, damaging two processing plants, according to Ukraine's General Staff.
• Ukraine's farm minister said exports were at 30% of required volume in early August and would not exceed 50% without restoring Black Sea operations.

Wtedy jeszcze otwarte

• No independent assessment exists of the scale of damage at Izmail, Ust-Luga or Novorossiysk or how long restrictions will last.
• Whether stalled harvests can be stored, rerouted overland, or moved later in the season remains unresolved.

Na co mieliśmy zwracać uwagę

• Whether Black Sea operations resume or the Baltic, Caspian and Danube workarounds can carry the load.
• Whether world wheat price rises persist if Black Sea volumes stay curtailed.