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30 October 2023

Daily Newsletter

30 October 2023

Updated: Ukraine re-opens Black Sea grain export corridor

The suspension was due to a possible threat from Russian warplanes and sea mines.

Andy Coyne October 27 2023

A report today (27 October) said Ukraine has re-opened its Black Sea grain corridor.

Yesterday, it was revealed Ukraine had suspended the corridor just days after committing to delivering almost 70,000 tonnes of grain to three African countries.

The suspension was due to a possible threat from Russian warplanes and sea mines.

But today, independent transport sector consultancy STC said four vessels left Ukrainian Black Sea ports as shipping resumed after a three day pause.

“On October 27, vessel traffic in the temporary Black Sea corridor announced by Ukraine resumed,” STC said in a report, quoted by news agency Reuters.

The earlier suspension announcement had been made in a statement from the Kyiv-based Barva Invest consultancy.

It said the suspension applied to a single daay but warned that it could be extended.

It said: “Such a de facto suspension has already been in place for the past two days due to the decision of the military, which cited the ‘explosive threat’ that arose as a result of increased Russian aviation activity.”

It quoted Nataliya Gumenyuk, a spokesperson for Ukraine’s Joint Co-ordination Center of the Southern Operational Command, as saying: "For several days, Russian aircraft were not observed approaching the sea lanes. However, they eventually became active and dropped four explosive devices."

Barva, which specialises in Ukraine's agriculture sector, added: “It is important to note that these events may indicate attempts by the Russian Federation to discredit the armed forces of Ukraine and obstruct the movement of ships. We will continue to monitor the situation and update you as new information becomes available.”

Ukrainian officials declined to comment on the matter when contacted by news agency Reuters.

The corridor is intended to circumvent a blockade after Russia abandoned a deal this summer that had guaranteed the export of Black Sea grain – much of which is intended for poorer nations. About 700,000 metric tonnes of grain have been exported through the corridor since it began operating in August.

On Tuesday (24 October), Ukraine’s Minister of Agrarian Policy and Food, Mykola Solskyi, said that as part of President Zelenskyy’s ‘Grain from Ukraine’ initiative it planned to send 25,000 tonnes of grain to Nigeria, 32,000 tonnes to Sudan and 12,500 tonnes to Somalia.

The Black Sea export deal brokered by the United Nations and Turkey collapsed in July after Russia complained its demand that sanctions on its grain and fertiliser exports be lifted as a quid pro quo for the deal continuing had not been met.

Ukraine’s attempts to export grain via overland routes have suffered from import bans in a number of neighbouring countries, which are concerned about the impact on their domestic farming industry from bulk imports of cheaper Ukrainian grain.

The dairy and soy food sector will see rising demand for lactose-/gluten-free products

GlobalData estimates that the global dairy & soy food sector will grow at a CAGR of 17% during 2022–27. The healthy eating trend has encouraged consumers to seek alternatives to traditional dairy products. Plant-based dairy alternatives are often perceived as healthier due to their lower saturated fat content. Moreover, increasing awareness about food allergies and intolerances, coupled with consumers’ interest in alternative diets, will drive manufacturers to launch lactose- and gluten-free products.

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