Ukraine Grain Trader Says Too Risky to Rely on Black Sea Ports
- Nibulon plans to keep exporting big amounts via river routes
- A Louis Dreyfus facility in Odesa was hit by missile Wednesday
Odesa, southern Ukraine.
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Ukraine’s crucial Black Sea grain ports are again shipping out hefty amounts, but one major trader plans to keep exporting large volumes via much more expensive river routes.
Despite river cargoes barely turning a profit for Nibulon SA, its chief executive officer says it’s important to have a ready-to-use alternative in case Russian attacks cripple Odesa’s deep-sea ports again. He also expects it to have the knock-on effect of discouraging Russian strikes on Black Sea terminals as it makes such attacks less debilitating to the export industry.