Russia’s Black Sea grain exports plunge as attacks disrupt shipping
- Russian Black Sea grain exports fell 65% year on year in July, reaching a 15-year low
- Escalating attacks on ships and port infrastructure are disrupting exports and pushing up freight and insurance costs
- Alternative routes via the Caspian, Baltic and Far East lack the capacity to offset lost Black Sea volumes
Russia’s grain exports through the Black Sea have slumped to their lowest level in 15 years as attacks on shipping, restrictions in the Sea of Azov and rising security costs disrupt trade, raising concerns over global grain flows
