# Operational update from the Office of the UN Coordinator for the Black sea Grain Initiative, 15 JULY 2023 | The United Nations Office at Geneva

> The UN Coordinator's operational update reports 32.8 million tons of grain and foodstuffs exported from three Ukrainian ports in the Initiative's first year. Only one vessel remains under the deal, and 29 applications from Turkish waters have not been approved by all parties. Renewal is due on 17 July, and no vessel has been allowed into Yuzhny/Pivdennyi since 29 April.

- Date: 2023-07-01 · published 2023-07-01T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude high
- Page: https://feedsoft.ai/events/14380-operational-update-from-the-office-of-the-un-coordinator-for-the-black-sea
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Without a renewed Initiative, Ukrainian grain exports depend on costlier, less secure alternative routes, which tightens supply and supports wheat and corn prices.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-08-01 | [Update from the Office of the UN Coordinator for the Black Sea Grain Initiative](https://feedsoft.ai/events/14376-update-from-the-office-of-the-un-coordinator-for-the-black-sea-grain-initiative.md) | +0.4% | -7.2% |
| WHEAT | 2023-11-14 | [The Black Sea Grain Initiative: What was achieved? Why was it important? \| United Nations](https://feedsoft.ai/events/14347-the-black-sea-grain-initiative-what-was-achieved-why-was-it-important-united.md) | +2.7% | +0.3% |
| WHEAT | 2022-11-01 | [Information Note from the United Nations Secretariat at the Joint Coordination Centre \| United Nations](https://feedsoft.ai/events/14438-information-note-from-the-united-nations-secretariat-at-the-joint-coordination.md) | +7.3% | +7.7% |
| WHEAT | 2023-08-07 | [End of the Black Sea Grain Initiative: Implications for sub-Saharan Africa \| IFPRI](https://feedsoft.ai/events/14373-end-of-the-black-sea-grain-initiative-implications-for-sub-saharan-africa-ifpri.md) | +0.5% | -6.9% |
| WHEAT | 2023-07-27 | [Dry Bulk Market: Russia’s Exit from the UN Black Sea Grain Initiative Will Have an Impact on Market - Nautical Voice](https://feedsoft.ai/events/35235-dry-bulk-market-russia-s-exit-from-the-un-black-sea-grain-initiative-will-have.md) | +0.0% | -2.0% |
| CORN | 2023-08-01 | [Update from the Office of the UN Coordinator for the Black Sea Grain Initiative](https://feedsoft.ai/events/14376-update-from-the-office-of-the-un-coordinator-for-the-black-sea-grain-initiative.md) | -2.3% | -2.8% |
| CORN | 2023-11-14 | [The Black Sea Grain Initiative: What was achieved? Why was it important? \| United Nations](https://feedsoft.ai/events/14347-the-black-sea-grain-initiative-what-was-achieved-why-was-it-important-united.md) | -0.7% | -2.2% |
| CORN | 2022-11-01 | [Information Note from the United Nations Secretariat at the Joint Coordination Centre \| United Nations](https://feedsoft.ai/events/14438-information-note-from-the-united-nations-secretariat-at-the-joint-coordination.md) | +0.0% | -2.8% |

## Sources

- ungeneva.org: https://www.ungeneva.org/en/news-media/press-release/2023/07/operational-update-office-un-coordinator-black-sea-grain

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