{
  "id": 2819683,
  "title": "Grain prices rise as Black Sea attacks cripple exports from Ukraine and Russia",
  "url": "https://urgent.news/2026/08/23/grain-prices-rise-as-black-sea-attacks-cripple-exports-from-ukraine",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-23T15:39:00.000Z",
  "source": {
    "name": "New Voice of Ukraine",
    "slug": "new-voice-of-ukraine",
    "url": "https://english.nv.ua/business/black-sea-grain-blockade-cuts-ukrainian-and-russian-exports-as-prices-rise-50635020.html"
  },
  "original_language": "en",
  "account": "Disruptions in Ukrainian and Russian grain exports due to Black Sea attacks are causing global market concerns, according to recent reports. Ukraine is now exporting only around one-third of its potential grain and oilseed volume, while Russian farmers face obstacles in accessing major export routes.\n\nThe attacks on the port of Novorossiysk and other infrastructure in the Black and Azov seas have severely impacted grain exports from both countries. During the first 18 days of August, Ukraine exported just 900,000 metric tons of grains and oilseeds through alternative routes, which is only 31% of its potential volume.\n\nAgrarian Policy Minister Taras Vysotskyi stated that this is a significant decline compared to the country's capabilities. Shipments of Ukrainian grains remain weak, with an average of only 29,000 metric tons a day during the first 18 days of August, which is three times less than the 91,000 metric tons shipped in the same period last year.\n\nAnalysts predict that this situation will have a substantial impact on global grain prices, as importers search for alternatives. Ukrainian customs data for the first 14 days of August show a 30% volume recorded compared to the same period last year, with barley falling to 20% of last year's pace, wheat below 30%, and corn only holding at 50% due to a low comparison base.\n\nWhile Ukraine's crop yields are decent, the export situation remains critical. Prices for various grains have risen by 5%–14% during the port inactivity period from July 20 to August 20, with European wheat prices increasing by 8% to $258 per metric ton.\n\nUkraine could lose $10 billion in revenue over the season and $2 billion in foreign exchange revenue during the fall alone. Traditional buyers in North Africa, the Middle East, and Southeast Asia may have to seek significantly more expensive alternatives if the export situation does not improve, potentially exacerbating the global price increase.",
  "summary": "Ukraine is exporting only about one-third of its potential volume of grains and oilseeds, while Russian farmers are also losing access to major export routes after attacks on the port of Novorossiysk. The disruption is already affecting the global grain market.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}