# Drewry - Maritime Research Opinions - Ukraine's flourishing grain exports amidst expired Black Sea Grain Initiative

> Ukraine's grain exports averaged about 4 million tonnes a month in January and February 2024, roughly double earlier months and above volumes under the expired Black Sea Grain Initiative. Shipments have moved through alternative routes including a western Black Sea corridor, Danube ports and overland links.

- Date: 2024-03-04 · published 2024-03-04T12:00:00.000Z
- Category: logistics · region Ukraine · magnitude low
- Page: https://feedsoft.ai/events/14315-drewry-maritime-research-opinions-ukraine-s-flourishing-grain-exports-amidst
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Rising Ukrainian shipments add grain supply to export markets while lifting dry bulk shipping demand, which supports freight rates.

## Read by commodity

- WHEAT: bearish ▼
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-09-04 | [Joint Coordination Centre: Over 2 million metric tons of grain and foodstuff exported from Ukraine through Black Sea Grain Initiative \| United Nations in Türkiye](https://feedsoft.ai/events/14456-joint-coordination-centre-over-2-million-metric-tons-of-grain-and-foodstuff.md) | -0.5% | +4.5% |
| WHEAT | 2023-12-30 | [Ukraine Exports Through Black Sea Shipping Corridor Reach 13 Million Tons - Bloomberg](https://feedsoft.ai/events/14335-ukraine-exports-through-black-sea-shipping-corridor-reach-13-million-tons.md) | +2.6% | +0.3% |
| WHEAT | 2023-11-14 | [Ukraine says agreed with Britain discounts on insurance for Black Sea exports \| Reuters](https://feedsoft.ai/events/14349-ukraine-says-agreed-with-britain-discounts-on-insurance-for-black-sea-exports.md) | +2.7% | +0.3% |
| WHEAT | 2023-11-09 | [Ukraine: Alternative Black Sea export corridor is working despite attack \| Reuters](https://feedsoft.ai/events/14345-ukraine-alternative-black-sea-export-corridor-is-working-despite-attack-reuters.md) | -2.9% | +1.7% |
| WHEAT | 2022-07-25 | [First Ukraine Black Sea grain shipments could move in days - U.N., Ukraine](https://feedsoft.ai/events/14470-first-ukraine-black-sea-grain-shipments-could-move-in-days-u-n-ukraine.md) | -9.5% | -0.1% |

## Sources

- drewry.co.uk: https://www.drewry.co.uk/maritime-research-opinion-browser/maritime-research-opinions/ukraines-flourishing-grain-exports-amidst-expired-black-sea-grain-initiative

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.