Black Sea grain flow // week 4

Brief summary:

- The volume of grain departed from Azov-Black Sea ports has declined from 1.96 to 1.5 million tons amid an about 30% drop in exports from Ukraine and Russia;

- Despite unchanged number of vessels laden with grain at sea (345), the volume of grain has decreased from 6.9 to 6.6 million tons;

- Morocco, Egypt and China have shown the most significant upturn in volumes of grain enroute;

- The volume of discharged grain has risen quite significantly this week, namely from 1.1 to 1.83 million tons;

- Egyptian importers have seen the most noticeable increase (two-fold) in discharged volumes, while Greece has become the only importing country which has shown a slight decline over the week;

- The number of discharged carriers has grown from 58 to 81, but the Supramax/Ultramax vessel count is holding steady.