Based on the extension of the Black Sea Grain Initiative, Ukraine is now expected to export 4.2 million tonnes of grain in the next four months, up from 1.8 million tonnes in a previous estimate, according to the Foreign Agricultural Service of the US Department of Agriculture (USDA).
The initiative was extended at the end of November for an additional 120 days. For the first five months following Russia’s invasion of Ukraine, a Russian naval blockade prevented Ukraine from exporting any grain out of its Black Sea ports. A deal originally brokered by the United Nations and Turkey at the end of July, and extended in November, has allowed grain to move from the ports.