Economy

Forward grain contracts have been suspended in the ports of Odesa Region
Forward contracts for grain deliveries have been suspended in Ukrainian ports. The cancellation of the new agreements took place against the background of russian federation’s statements about changing the terms of the Grain Initiative.

A 60-day extension of the “Grain Agreement” will result in high freight rates
The expert said that the extension of the “Grain Agreement” for 60 days will practically eliminate the export of Ukrainian grain.

Turkey insists on extending the Grain Agreement by 120 days
Turkey will conduct negotiations on the extension of the “Black Sea Grain Initiative” for 120 days, and not for 60 days, as russia wants.

In February, the number of ships that passed through the grain corridor decreased
In February 2023, the Joint Coordination Center (JCC) in Istanbul inspected 71 ships that entered the seaports of the Odesa region for loading.

Ukraine and the UN WFP discussed the prospects of the “Grain Initiative”
Ukraine and the UN World Food Program discussed further implementation of the Black Sea Initiative. The parties also noted the development of alternative logistics routes for Ukrainian grain.

The Investigative Commission of the Verkhovna Rada will investigate the “shadow” export of grain
The temporary investigative commission of the Verkhovna Rada is going to investigate the “black” export of grain that passes through the “grain corridor”.

The Ukrainian state port was bought for 400 million UAH
The winner of the auction for the sale of the “Bilhorod-Dnistrovskyi” port will pay a total of UAH 400 million for the enterprise.

Reznikov: It is fundamental for Ukraine that the “Grain Agreement” does not end
Minister of Defense of Ukraine Oleksiy Reznikov spoke about the continuation of the Black Sea Grain Initiative.

Export of agricultural products from sea ports decreased by 36% in a week
From March 6 to 12, 2023, 654,000 tons of agricultural products were exported through the sea ports of the Odesa region, which is 36% less than in the previous week.

The allocation of quotas between port operators will be changed in Ukraine
The Ministry of Agrarian Policy proposes to revise the criteria for the allocation of quotas between port operators within the “Grain Initiative”.