Global Food Roundup: Black Sea Grain Exports and Egypt’s Wheat Appetite
A dry bulk cargo vessel at the southern entrance to the Bosporus Strait leading to the Black Sea in November 2022.
Photographer: Nicole Tung/BloombergWhen Russia’s invasion blocked Ukraine’s Black Sea ports, grain traders turned to river, rail and road routes to keep crop exports flowing.
Fast forward to today, and crucial deep-sea ports are again shipping out hefty amounts. Yet major merchant Nibulon plans to keep exporting large volumes via much more expensive river routes.