Black Sea grain flow // week 3

Brief summary:

- The volume of grain departed from Azov-Black Sea ports has skyrocketed in week 3 (from 0.98 to 1.96 million tons) amid a more than threefold increase in exports from Russia and a more than 50% upturn in shipments from Ukraine;

- Meanwhile, Bulgaria has shown a slight decline in departed volumes;

- The volume of grain enroute (at sea) has risen from 6.3 to 6.9 million tons after 6 weeks of consecutive decrease;

- Turkiye has overcome Spain and took back the 2nd place of the most popular destinations for grain enroute, following only Egypt;

- Turkiye, Bangladesh, Italy, China and Kenya are the destinations for grain at sea which have shown an upturn in volumes compared to the previous week;

- The volume of discharged grain has plunged from 1.78 to mere 1.1 million tons, which is the lowest weekly figure for Black Sea grains during the entire season;

- The number of discharged vessels has accordingly declined from 80 to 58, but the number of Handysize/Supramax carriers has inched up from 6 to 7 ships;

- Turkiye is the only importer which has seen an increase in imported (discharged) volumes over the week