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Automatically translated version. May contain inaccuracies compared to the original.
Record low Danube water levels hit Ukraine grain exports, - Bloomberg
Because of heat and lack of rainfall, water levels in the Danube have fallen to record lows. Barges are forced to take on less cargo, transport costs are rising, and delivery times for grain to the Romanian port of Constanța are increasing.
The problem has arisen against the backdrop of intensified Russian strikes on Ukrainian port infrastructure, which have forced some exports to be redirected from the Black Sea to the Danube, rail, and road transport.
At the same time, alternative routes can provide only about a third of the capacity of Ukraine’s Black Sea ports. The situation creates additional risks for the global market: Russia and Ukraine together account for more than a quarter of global wheat exports.
If the intensity of the fighting does not decrease and Danube levels do not recover, analysts say high grain prices could persist.
