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Russia Gradually Resuming Black Sea Wheat Exports

File Photo: Workers harvest wheat in a field at the outskirts of Beja governorate, about 115 km (71 miles) north of the capital Tunis, file. REUTERS/Anis Mili
File Photo: Workers harvest wheat in a field at the outskirts of Beja governorate, about 115 km (71 miles) north of the capital Tunis, file. REUTERS/Anis Mili
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Russia Gradually Resuming Black Sea Wheat Exports

File Photo: Workers harvest wheat in a field at the outskirts of Beja governorate, about 115 km (71 miles) north of the capital Tunis, file. REUTERS/Anis Mili
File Photo: Workers harvest wheat in a field at the outskirts of Beja governorate, about 115 km (71 miles) north of the capital Tunis, file. REUTERS/Anis Mili

Russia is gradually resuming wheat exports from its Black Sea ports while navigation in the Azov Sea remains restricted, analysts said on Monday.

Russia invaded Ukraine on Feb. 24, calling its actions a "special military operation".

"Exports are ongoing from all the five Black Sea (grain export) terminals," IKAR agriculture consultancy said in a note, Reuters reported.

Prices for Russian wheat remain extremely volatile, IKAR said, adding that for wheat with 12.5% protein content from the Black Sea ports they were at $415 per ton free on board (FOB) on March 11.

Sovecon, another consultancy, said that Russia's Black Sea terminals loaded 400,000 tons of wheat last week, and that vessels were going in and out of the ports there.

"Full navigation in the Azov Sea is still closed but some vessels are starting to pass through the Kerch Strait (to the Black Sea)," it added.

In the domestic market, Russian farmers started to refuse previously signed contracts amid strong demand from exporters and domestic buyers, Sovecon said.

Russia's recent decision to suspend grain exports to some ex-Soviet countries is yet to be approved, but, Sovecon said, market participants already report unofficial restrictions for rail supplies of grain from Siberia to Kazakhstan.

Russian wheat exports are down by 45.4% since the start of the 2021/22 marketing season on July 1 because of a smaller crop and an export tax that had been set at $86.3 a ton for March 16-22.

A cold snap is expected in several winter wheat-producing regions in Russia this week but thick snow cover will keep sowings safe, Sovecon said.

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Two People Die in Ukraine’s Odesa after Moscow and Kyiv Exchange Drone and Missile Attacks

Rescuers search for victims in an apartment building destroyed by Russian missile attack in center Lviv, Western Ukraine, Sept. 4, 2024. (AP)
Rescuers search for victims in an apartment building destroyed by Russian missile attack in center Lviv, Western Ukraine, Sept. 4, 2024. (AP)
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Two People Die in Ukraine’s Odesa after Moscow and Kyiv Exchange Drone and Missile Attacks

Rescuers search for victims in an apartment building destroyed by Russian missile attack in center Lviv, Western Ukraine, Sept. 4, 2024. (AP)
Rescuers search for victims in an apartment building destroyed by Russian missile attack in center Lviv, Western Ukraine, Sept. 4, 2024. (AP)

Two people died in a missile attack on the Ukrainian Black Sea port city of Odesa, local officials said, as Moscow and Kyiv exchanged drone and missile attacks

The Ukrainian air force said Sunday it shot down 10 of the 14 drones and one of the three missiles Russia launched overnight, while the rest hit the suburbs of Odesa.

Oleh Kiper, Odesa's regional governor, said the two who died Saturday night were a married couple, and that another person was wounded in the attack.

Meanwhile, the Russian Defense Ministry said it downed 29 Ukrainian drones overnight into Sunday over western and southwestern regions, with no damage caused by the falling debris. It also said another Ukrainian drone was shot down Sunday morning over the western Ryazan region.

While Ukraine and Russia regularly launch overnight drone raids on each other’s territory, Ukrainian officials generally do not confirm or deny attacks within Russia’s borders.

The latest attacks came after Ukraine made a new call Saturday on the West to allow it to use the long-range missiles they have provided to strike targets deep inside Russia, as Ukrainian forces struggle to hold back Russian advances in eastern Ukraine.

So far, the US has allowed Kyiv to use American-provided weapons only in a limited area inside Russia’s border with Ukraine.

Kyiv officials argue the weapons are vital to weaken Russia’s ability to strike Ukraine and force it to move its strike capabilities further from the border.