Reuters
Ukraine could lose $6 billion in grain exports with ports blocked
Ukraine faces a possible grain revenue loss of $6 billion as the blockade of its ports by Russian forces prevents it from selling millions of tonnes of wheat and corn that had been earmarked for export by June, a senior industry official said. Ukraine, a major producer of grain and oilseeds, exports 98% of its cereals through its ports and only a fraction by rail, where costs are higher. The country was the world’s fourth largest grain exporter in the 2020/21 season while Russia ranked third, International Grains Council data shows.
