File photo | PIXABAY

Aug 01, 2022

Ukraine Grain Ship Leaves Odesa

俄罗斯轰炸杀死了乌克兰grain industry CEO

A ship carrying grain left the Ukrainian port of Odesa for Lebanon on Monday undera safe passage agreement, Ukrainian and Turkish officials said, the first departure since the Russian invasionblocked shipping through the Black Seafive months ago.

Reutersreports the sailing was made possible after Turkey and the United Nationsbrokered a grain-and-fertilizer export agreementbetween Russia and Ukraine last month - a rare diplomatic breakthrough in a conflict that is grinding on with no resolution in sight.

Ukrainian Foreign Minister Dmytro Kulebasaid on Twitter: "The day of relief for the world, especially for our friends in the Middle East, Asia, and Africa, as the first Ukrainian grain leaves Odesa after months of Russian blockade."

Slow exodus for exports

Ukrainian presidential officials have said 17 ships are docked in Black Sea ports with almost 600,000 tonnes of cargo, mostly grain.

The Wall Street Journalreports the flow of corn, wheat and barley will still be lower than before the war. It will take months to clear the backlog of grain, and this season’s harvests are expected to be depleted by the war.

TheU.S. Department of Agriculture预计乌克兰将出口3060万tons of grains and seeds over the 2022-23 season, almost half the tonnage of the season before.

Oleksiy and Raisa Vadatursky Nibulon
Raisa Vadaturska and Oleksiy Vadaturskyi. Photo courtesy of Nibulon.

俄罗斯轰炸杀死了乌克兰grain industry CEO

In related news, Oleksiy Vadaturskyi, 74, the owner and CEO ofNibulon, one of Ukraine’s largest agricultural companies, was killed on July 31 in his home during a bombing of Mykolaiv, a city in the country’s southern region, by Russian forces,company officials reported.

According toreports, Vadaturskyi and his wife, Raisa Vadaturska, were killed in their home during shelling that hit several targets, including schools, a sports complex and private residences.

According to the company's website, Nibulon is one of Ukraine’s largest grain storage and logistics companies, operating in at least eight of Ukraine’s 27 regions and employing some 7,000 people. Nibulon developed its own river fleet to transport grain to export terminals.

Nibulon said Vadaturskyi stayed in his native Mykolaiv to help during the war, saying Vadaturskyi "always believed in Ukraine and made his effort to develop the country."

"He repeatedly proved that any idea that matters to society and Ukraine, if you fight for it, will be implemented," the statement read.

Lisa Cleaver

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Marketwatch: Aug, 06

US Corn Price Idx:ZCPAUS.CM

open: 6.7443
high: 6.8936
low: 6.7243
close: 6.8512

US Soybean Price Idx:ZSPAUS.CM

open: 14.638
high: 14.7188
low: 14.4386
close: 14.5691

US Hard Red Winter Wheat Price Idx:KEPAUS.CM

open: 8.0837
high: 8.1294
low: 7.9473
close: 7.9783

US Soft Red Winter Wheat Price Idx:ZWPAUS.CM

open: 7.2701
high: 7.3501
low: 7.1751
close: 7.2359