05 August 2026
4 min reading
News
Black Sea shipping comes to a halt: Global grain market faces new price shocks and supply bottlenecks
Escalating military tensions in the Black Sea basin have pushed attacks on ports and commercial vessels in both Ukraine and Russia to unprecedented levels. The halt of commercial traffic at Ukrainian ports and the growing threat of blocked export corridors in Russia present a severe risk of a 30-to-35-million-ton grain deficit in global markets, threatening a sharp surge in raw material prices.
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