ShippingWatch

Wheat prices jump after Russian missile strike tests Ukraine deal

Ukrainian officials are still preparing to restart sea exports as soon as this week despite the attack on Odesa, which will serve as a stark reminder of the risks for shippers and insurers.

Wheat jumped after Russia’s weekend attack on the seaport of Odesa, even as Ukraine indicated it’s pushing ahead with a deal to begin shipping millions of tons of grain that has been piling up since the invasion.

The landmark agreement signed Friday aims to facilitate exports from three of Ukraine’s Black Sea ports, including Odesa, and was hailed as a vital step toward alleviating a global food crisis.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Reefer rates to peak in fall season, followed by slow decline

Rates on refrigerated containers, or reefers, have increased by 50% in the second quarter compared to the same period in 2021, with growth set to continue in the third quarter. 2023, however, will see rates slowly declining, forecasts consultancy Drewry.

Further reading

Related articles

Latest news

See all jobs