Grain export agreement could see 65% of Ukraine’s seaborne capacity reopen

Ukrainian grain exports

There are at least a few hopeful signs that seaborne exports of Ukrainian grain could resume within days. Under a deal brokered by Turkey on July 22, bulkers will be escorted to the ports through a safe corridor. To create a navigable passage, the corridor will have to have sea mines cleared, a process that is expected to take one to two weeks.

The BBC today quoted Ukraine as saying work has started at three ports, aimed at forming “green corridors” to allow grain exports. Presumably that work...

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