121 days left in the Black Sea Grain Initiative,
475 (+4) ships outbound carrying 11,244,963MT,
390 (+5) ships delivered carrying 8,242,668MT. 18Nov
🧵⬇️ #oatt #wheat #corn #barley #sunflowers #agriculture #maritime #maritimenews #graindeal #blackseagraininitiative
Four ships transited out of the humanitarian corridor on 18Nov and only one transited in.
Ships at Sea is holding relatively steady but only because so many have delivered. There is a growing number of outbound ships waiting for inspection again and as of late only three inspection teams have been operating on most days.
The largest load on 18Nov was the Nord Stark carrying 30,000MT of corn to Spain. #myprecious
Three inbound ship was inspected on 18Nov, one outbound ship was inspected, and no others were completed due to weather. The JCC reports 71 vessels are waiting to move into Ukrainian ports and 26 loaded vessels are waiting for inspection in Turkish territorial waters.
The Run Down
Food security is most effected by supply and demand and the Black Sea Grain Initiative has a world-wide impact. I highly recommend spending a few minutes of your time on this new report from the @WorldBank.
This Bloomberg (@business) article is a good primer on how the Black Sea Grain Initiative effects food security.
bloomberg.com/news/newslette…
In other news, even Erdogan is prompting Putin towards and diplomatic solution to the war saying that prolonging the war only increases the risks.
aa.com.tr/en/politics/tu…
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