"Despite the expiration of the Black Sea Grain Initiative, which once governed the region’s trade dynamics, Ukraine’s grain shipments have surged, contributing approximately 25 billion tonne miles monthly," says the latest update from Drewry. While these export figures are still beneath the levels seen before the conflict, they surpass the volumes recorded during the concluded Black Sea Grain Initiative." Post-Grain Initiative export routesIn response to the expiration of the Black Sea Grain Initiative in July 2023, Ukraine swiftly adapted by establishing alternative export routes, the update added. Asian customers for Ukraine's grain, including Indonesia, Pakistan and Bangladesh, face uncertainties. The establishment of alternative export routes and competitive pricing strategies demonstrate Ukraine's commitment to maintaining its position in the global grain market.

Source: The North Africa Journal March 05, 2024 14:12 UTC