Ten ships have left Ukraine under a Black Sea export deal, while France suffers record drought

New York Times editor Emma Bubola reported yesterday that “the the biggest caravan ships carrying grain and other agricultural products since the start of the Russian invasion has left Ukrainian ports on Sundayheading for Europe, Asia and the Middle East through the mined waters of the Black Sea.

According to the United Nations, the four ships leaving what was one of the world’s breadbaskets were carrying more than 160,000 metric tons – about 176,000 US tons – of agricultural products.

“Ismini Palla, spokesperson for the United Nations, said the ships were carrying 6,000 metric tons of sunflower oil to Italy, 45,000 metric tons of flour to China, 66,000 metric tons of sunflower oil to Iranand 44,000 metric tons of corn Turkish town of Iskenderun.”

The Times article noted that “[Oleksandr Kubrakov, Ukraine’s infrastructure minister] said the government was moving gradually to enable ports to handle higher volumes of work, target at least 100 ships per month in the near future.

“Experts said the problems affecting food markets are far from over, with a food crisis that has already reached such proportions that no intervention can fix it.”

“Ukraine’s grain challenge involves clearing mines, finding ships and trusting Putin”, by Megan Durisin, Aine Quinn and Alberto Nardelli. Bloomberg News (July 22, 2022).

And Reuters News reported today that “two more ships, carrying corn and soybeans, left Ukrainian Black Sea ports on MondayTurkey and Ukraine said, bring the total to ten since the first ship sailed last week under a deal with Russia to unblock Ukrainian grain exports.

“The Sacura, which left from Pivdennyigate 11,000 tons of soybeans Italysaid the Turkish Ministry of Defense on Monday, while the Arizona, departing from Chornomorsk, is transporting 48,458 tons of corn Iskenderun in southern Turkey,” the Reuters report said.

The Reuters article added that “Kubrakov had previously said that the opening of Pivdennyi would push Ukraine’s total export capacity up to three million tons per month.

“In peacetimeUkraine exported up to six million tonnes of grain per month from its ports on the coast of the Black Sea and the Sea of ​​Azov.

Meanwhile, Bloomberg writers Aine Quinn, Ann Koh and Vivian Ironya reported late last week that “Ukraine’s first grain shipments since its invasion by Russia are a harbinger of relief for the global tablet markets, but many challenges remain before the millions of tons of food stuck in the country can be freed.

Perhaps most important is the willingness of shipowners to send their ships into danger, because the waters are strewn with mines and Russia did not hesitate to strike the port of Odessa after the signing of the safe passage agreement. Officials familiar with the insurance market cited a wide range of figures to cover the country’s cargoes, with most figures resembling prohibitive for trade.

“’Insurance costs are expected to be very high, and without any government assistance it will be difficult to find,’ said Benoit Fayaud, an analyst at Strategie Grains in France.’Accelerating Exports Can Be Difficult.'”

And in agricultural production news, New York Times writer Aurelien Breeden reported late last week that, “France said on Friday it was in the grip of its “worst” droughtwhich has also parched large parts of Europe this summer, sparking wildfires and jeopardizing crops as temperature records shatter across the continent.

“’This drought is the most severe recorded in our country.‘, said Élisabeth Borne, the French Prime Minister, in a press release on Friday.

Reuters News reported yesterday that “France prepared on Sunday for a fourth heat wave this summer as its worst drought on record left parched villages without drinking water and farmers warned of impending milk shortage in winter.

“The office of Prime Minister Elisabeth Borne has set up a crisis team to deal with a drought that has forced dozens of villages to depend on water supplies by truck, prompted the public company EDF to limit the nuclear power generation and stressed crops.”

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