Global grain shipments fall 8% as attacks in the Black Sea escalate

AI Summary

Global grain shipments have fallen 8% year-over-year, driven by a 26% drop in Black Sea exports amid intensified Russian and Ukrainian attacks on ships and port infrastructure. Ukraine has proposed a temporary halt to attacks to allow safer shipping.

“Over the last five weeks (week 29-33) global grain shipments have fallen 8% y/y, fuelled by a 26% y/y drop in grain exports from the Black Sea as Russian and Ukrainian attacks on ships and port infrastructure have intensified. A recent proposal by Ukraine to halt attacks on shipping in the Black Sea has been ...