Crisis in the Red Sea: supplies of wheat through the Suez Canal have decreased
19.01.2024 - 16:00
The supply of wheat through the Suez Canal in the first half of January decreased by almost 40% to 0.5 million tons.
The reason for the reduction is the aggravation of the situation in the Red Sea and the Gulf of Aden, Reuters cites information from the World Trade Organization.
The WTO also noted that in December, about 8% of wheat supplies from the European Union, Ukraine and the Russian Federation, which usually went through the Suez Canal, were redirected via alternative routes. But in the first half of January, this indicator increased to approximately 42%.
Read also: Houthi attacks in the Red Sea threaten the world grain supply.
“Prior to the start of the military escalation in the Red Sea, the share of alternative wheat supply routes averaged only about 3%,” the WTO recalled.
As previously reported by USM, Minister of Agricultural Policy Mykola Solskyi said that Ukrainian agricultural exports were also affected by Houthi attacks
