Forkagro Pixel
Trading platform Trading platform
Trading platform

We will connect you with potential partners and help you conclude a profitable deal in the agricultural sector.

Dont miss the opportunity to expand your business and increase your profits.

View applications
Express applications Express applications
Express applications

In the "Express applications" section you can get information about the sale or purchase of agricultural crops. The placement occurs automatically from open sources.

View applications
Fork Work Fork Work
Fork Work

Fork Work brings together experts and professionals in the field of agriculture who are ready to share their knowledge and experience to solve various problems.

More details
Supply problems of grain due to slow inspections of ships between Turkey and Ukraine are causing concern in the market.
Cereals
Stern
Winter crops
Wheat

Supply problems of grain due to slow inspections of ships between Turkey and Ukraine are causing concern in the market.

Despite the continuation of the grain deal, many ships from Turkey are not reaching Ukraine due to slow inspections. Maritime inspections are holding back around 40 dry cargo vessels, which is slowing down deliveries. Russia denies the accusations of blocking the Ukrainian port of Yuzhny.

29 February 2024 29 February 2024

Despite the continuation of the grain deal, many ships are unable to reach Ukraine from Turkey. The speed of food deliveries is unlikely to increase due to slow inspections and other uncertainties.

According to Kpler analysts, currently there are almost 40 dry cargo ships near Istanbul in areas where inspections by representatives of Russia, Ukraine, Turkey, and the UN are taking place. Approximately 75% of them were previously used in the grain corridor.

"Other vessels are likely waiting outside these zones or on their way to them," said Kpler analyst Alexis Ellender. He mentioned that 35% of shipments through the corridor go to the Ukrainian port of Yuzhny, and until vessel traffic is restored there, "trade will not be able to return to previous levels."

A representative of the UN Secretary-General, Stephane Dujarric, spoke out about preventing ship movements to Yuzhny. Earlier, Ukraine's Deputy Minister of Infrastructure, Yuri Vas'kov, reported that Russian inspectors refuse to inspect ships heading to this port, and the US State Department accused Russia of a clear violation of the agreement's obligations.

The Russian side has not yet commented on these accusations. On May 25, the country's Foreign Ministry stated that "Ukrainian food continues to be successfully exported, and Russian ammonia from the port of Yuzhny is not being delivered." The department also warned that if Moscow's conditions are not met (connecting Rosselkhozbank to SWIFT, unblocking agricultural exports from Russia, etc.), alternative options for the grain deal will have to be sought.

In addition to Yuzhny, the ports of Odesa and Chornomorsk are involved in the grain deal. Ukraine has repeatedly called for an increase in the number of ports and expansion of the list of exported goods. The Russian Foreign Ministry disagreed with this. The department previously identified "systemic problems" with the agreement that need to be addressed, including the restoration of agricultural machinery supplies to Russia and the unblocking of foreign assets of Russian companies related to production.

Russia and Ukraine separately concluded the grain deal with Turkey and the UN last July, and it has been extended several times. In mid-May 2023, the parties were able to extend the agreement for another two months - until July 17. The Foreign Ministry called for the "inequalities" in deal implementation to be corrected as quickly as possible.

 

Confirm
By continuing to use our site, you consent to the processing of cookies that ensure the proper operation of the site.
Accept all cookies