Russia Blocks Ships Carrying Grain Exports

小麦出口from Ukraine and Russia are still being blocked by Russia from leaving the Black Sea, Germany's largest agricultural trader BayWa said last week.

"Zero [grain] is currently being exported from the ports of Ukraine — nothing is leaving the country at all," Jörg-Simon Immerz, head of the grain trading at BayWa, tolddpa news agency.

Immerz's assessment was backed up by the Panamanian Maritime Authority, who said on Wednesday that the Russian Navy was preventing 200 to 300 ships from leaving the Black Sea — most of them were carrying grain. Other reports suggest around 100 vessels are blocked.

BayWa, meanwhile, believes there is no reason to fear a wheat shortage as much more wheat is harvested in the EU than is consumed.