# Why Is Russia Blocking Ukraine's Food Exports?

> Russia ended the Black Sea Grain Initiative, which had allowed safe export of Ukrainian and Russian agricultural goods, and continues to block Ukraine's food exports. Analysts say Russia likely has no intention of rejoining and that the exit has not yet triggered a global food price spike.

- Date: 2023-09-15 · published 2023-09-15T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude high
- Page: https://feedsoft.ai/events/14360-why-is-russia-blocking-ukraine-s-food-exports
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Continued blockage constrains Ukrainian grain and fertilizer flows, which supports wheat and corn prices risk premiums, though the lack of an immediate spike limits the near-term move.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-03-17 | [Russia Still Slow-Walking Ukraine Food Exports in Black Sea Grain Deal](https://feedsoft.ai/events/14410-russia-still-slow-walking-ukraine-food-exports-in-black-sea-grain-deal.md) | -3.7% | -6.8% |
| WHEAT | 2023-06-01 | [Ukraine says Russia again blocking Black Sea grain export deal \| Reuters](https://feedsoft.ai/events/14384-ukraine-says-russia-again-blocking-black-sea-grain-export-deal-reuters.md) | -3.6% | +8.1% |
| WHEAT | 2022-03-18 | [Russia Blocks Ships Carrying Grain Exports \| Feed & Grain](https://feedsoft.ai/events/14504-russia-blocks-ships-carrying-grain-exports-feed-and-grain.md) | +14.9% | +5.2% |
| WHEAT | 2026-01-01 | [Russian attacks on Ukrainian ports cause drop in food exports](https://feedsoft.ai/events/14155-russian-attacks-on-ukrainian-ports-cause-drop-in-food-exports.md) | +0.7% | +3.4% |
| WHEAT | 2026-08-25 | [Grain exports stall as Ukraine steps up attacks on Russia](https://feedsoft.ai/events/14094-grain-exports-stall-as-ukraine-steps-up-attacks-on-russia.md) | +1.7% | +4.5% |
| CORN | 2023-03-17 | [Russia Still Slow-Walking Ukraine Food Exports in Black Sea Grain Deal](https://feedsoft.ai/events/14410-russia-still-slow-walking-ukraine-food-exports-in-black-sea-grain-deal.md) | -1.0% | +1.3% |
| CORN | 2023-06-01 | [Ukraine says Russia again blocking Black Sea grain export deal \| Reuters](https://feedsoft.ai/events/14384-ukraine-says-russia-again-blocking-black-sea-grain-export-deal-reuters.md) | -2.2% | -3.2% |
| CORN | 2022-03-18 | [Russia Blocks Ships Carrying Grain Exports \| Feed & Grain](https://feedsoft.ai/events/14504-russia-blocks-ships-carrying-grain-exports-feed-and-grain.md) | +0.0% | +6.2% |

## Sources

- csis.org: https://www.csis.org/analysis/why-russia-blocking-ukraines-food-exports

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