Ukraine starts exporting grain since the start of the war in Russia

War-torn Ukraine could launch its first grain export ships this week, Turkish officials said on Sunday.

“If all (details) are finalized tomorrow, there seems to be a good chance that the first ship will leave port tomorrow,” said government spokesman Ibrahim Kalin. “We will see ships leaving the ports by the next day at the latest.”

The United Nations struck a deal in Istanbul in hopes of alleviating both grain shortages and rising prices.

Both Ukraine and Russia are major suppliers of wheat, and exports collapsed after Moscow’s invasion of its neighboring country.

The deal would allow grain shipments from a Ukrainian port in Odessa.

It would also allow Ukraine to release 22 million tons of grain and other agricultural goods that have been lying in ports since the outbreak of hostilities in February.

A combine harvester loads a truckload of wheat.
Both Ukraine and Russia are important wheat suppliers.
Vyacheslav Madiyevskyy/REUTERS
Wheat grains are seen in storage.
Since the Russian attack on Ukraine in February, 22 million tons of grain and other agricultural products have been in Ukrainian ports.
Dmytro Smolienko/REUTERS
A burning harvest combine, which exploded on an anti-tank mine, is seen in a wheat field.
A burning harvest combine that exploded on an anti-tank mine is seen in a wheat field in Vilkhivka.
Press service of the State Emergency Service of Ukraine/Handout via REUTERS
Ukrainian President Volodymyr Zelensky.
Ukrainian President Volodymyr Zelensky visits the Chornomorsk Sea Trade Port to view a Turkish freighter loaded with grain for export.
Ukrainian Presidential Press Service/Planet Pix via ZUMA Press Wire

Weather conditions in other grain-producing areas, including South America, have also contributed to growing supply concerns, according to the Wall Street Journal.

The deal brokered by Turkey has led to an easing of grain prices, but ongoing instability in Ukraine and fears of a recession remain a source of concern.

With Post wires

Leave a Comment