Economy

The US hopes to restore the Black Sea Grain Initiative to avoid a global food crisis.

The European Commission continues intensive negotiations with Ukraine and five neighboring countries about the perspectives of the ban on the import of Ukrainian grain.

Ukraine has insured all merchant vessels that export and import goods through the Danube ports, and is considering the possibility of insuring vessels that will pass through the “grain corridor”.

It is increasingly difficult for Ukraine to maintain its share in the world market of agricultural products. After withdrawing from the Grain Agreement and shelling the Ukrainian port infrastructure, Russia began dumping the grain market.

During July, Ukraine exported 3.7 million tons of agricultural products, which is 29% less than a month ago.

20 associations of the Ukrainian agricultural market appealed to the governments of France and Great Britain to join the unblocking of the “grain corridor”.

Russian attacks with the help of Iranian drones on the infrastructure of the ports of the Danube cluster resulted in the damage of 40 thousand tons of agricultural products.

ARMA reported on the inefficient activity of managers of valuable assets, in particular, arrested Russian vessels.

After the Russian attack on the port of Izmail on the night of August 2, wheat prices on the Chicago Stock Exchange jumped by 6.5%.

Since the beginning of the current marketing year, Ukraine has exported 2.16 million tons of grain. For comparison, during the same period last year, it was possible to export only 1.61 million tons of grain.