Anthropic sets IPO price range valuing it at up to $1.4tnRussia, Ukraine and US resume Abu Dhabi talks as Europe's role is contestedTrump calls Iran war "effectively over" as Tehran denies talksNvidia shares fall as FBI and board probe CEO Huang's affairSaudi Arabia intercepts missiles over Riyadh as Houthi war escalatesHot US inflation cements Fed hike as ECB and Bank of England lean toward more tighteningThree tankers burn in Hormuz as US and Iran contest the straitRussia hits Ukraine's grid and Dnipro bridges as Ukrainian drones hit Russian industryArrests ordered after deadly Izmir steel plant explosionHegseth calls impeachment bid 'sabotage' as House vote nearsAustralia to create AI safety regulator after OpenAI agent breachFrance summons Iran's envoy and weighs sanctions over supermarket fridge cyberattackBrazil tables fossil-fuel exit roadmap at COP31 as Guterres urges actionChina's trade surplus passes $1 trillion as exports keep surgingUS moves tankers from second UK base after Iran threatGaza floods leave tents under water as Israeli strikes go onOil falls below $90 as Hormuz LNG and crude flows recoverSoftBank swings to loss while TSMC shows resilient AI chip demandCanary Islands declare emergency as nearly 6,000 migrants arrive in ten daysIran lifts 2,000 km missile range limit and unveils underground missile cityMerz threatens to block EU budget unless all members share Ukraine fundingFog-driven motorway pile-up kills at least 12 in BulgariaPoland mourns Krakow shooting victims as gunman's interest in Breivik emergesUS, China and Russia struggle to agree format for planned APEC leaders' meetingViolence in northern Nigeria drives tens of thousands into NigerIsrael's new Knesset sworn in without a governmentIndonesian vice president Gibran to resign, presidential office saysRussia-linked espionage arrests in Poland and the UK, including a US soldierCalifornia voters reject one-time billionaire wealth taxGulf states approve military command headquarters in KuwaitParaguay reimburses depositors after Ueno Bank seizureBangladesh tribunal warns Hasina faces execution if she returnsIsraeli forces kill 14-year-old in West Bank as arson attacks continueHungary detains Viktor Orbán's brother in people-smuggling probeGovernments tighten rules on minors' online safety and AI assistantsData-centre backlash grows in the US, Nordic Europe and ThailandAlibaba's chip unit T-Head files confidentially for Hong Kong IPOPope Leo draws an estimated 2.5 million to Mass in Buenos AiresMalaysian court clears Najib to start house arrestPentagon removes WuXi AppTec from list of Chinese military companiesUS skips UN human rights review againLast Russian diesel tanker bound for US turns backSpanish train drivers strike after two deadly crashes as nationwide walkout loomsSaudi liquidity squeeze adds pressure as PIF weighs fundraisingEgypt detains rail staff as inquiry finds safety failures before deadly crashAnthropic sets IPO price range valuing it at up to $1.4tnRussia, Ukraine and US resume Abu Dhabi talks as Europe's role is contestedTrump calls Iran war "effectively over" as Tehran denies talksNvidia shares fall as FBI and board probe CEO Huang's affairSaudi Arabia intercepts missiles over Riyadh as Houthi war escalatesHot US inflation cements Fed hike as ECB and Bank of England lean toward more tighteningThree tankers burn in Hormuz as US and Iran contest the straitRussia hits Ukraine's grid and Dnipro bridges as Ukrainian drones hit Russian industryArrests ordered after deadly Izmir steel plant explosionHegseth calls impeachment bid 'sabotage' as House vote nearsAustralia to create AI safety regulator after OpenAI agent breachFrance summons Iran's envoy and weighs sanctions over supermarket fridge cyberattackBrazil tables fossil-fuel exit roadmap at COP31 as Guterres urges actionChina's trade surplus passes $1 trillion as exports keep surgingUS moves tankers from second UK base after Iran threatGaza floods leave tents under water as Israeli strikes go onOil falls below $90 as Hormuz LNG and crude flows recoverSoftBank swings to loss while TSMC shows resilient AI chip demandCanary Islands declare emergency as nearly 6,000 migrants arrive in ten daysIran lifts 2,000 km missile range limit and unveils underground missile cityMerz threatens to block EU budget unless all members share Ukraine fundingFog-driven motorway pile-up kills at least 12 in BulgariaPoland mourns Krakow shooting victims as gunman's interest in Breivik emergesUS, China and Russia struggle to agree format for planned APEC leaders' meetingViolence in northern Nigeria drives tens of thousands into NigerIsrael's new Knesset sworn in without a governmentIndonesian vice president Gibran to resign, presidential office saysRussia-linked espionage arrests in Poland and the UK, including a US soldierCalifornia voters reject one-time billionaire wealth taxGulf states approve military command headquarters in KuwaitParaguay reimburses depositors after Ueno Bank seizureBangladesh tribunal warns Hasina faces execution if she returnsIsraeli forces kill 14-year-old in West Bank as arson attacks continueHungary detains Viktor Orbán's brother in people-smuggling probeGovernments tighten rules on minors' online safety and AI assistantsData-centre backlash grows in the US, Nordic Europe and ThailandAlibaba's chip unit T-Head files confidentially for Hong Kong IPOPope Leo draws an estimated 2.5 million to Mass in Buenos AiresMalaysian court clears Najib to start house arrestPentagon removes WuXi AppTec from list of Chinese military companiesUS skips UN human rights review againLast Russian diesel tanker bound for US turns backSpanish train drivers strike after two deadly crashes as nationwide walkout loomsSaudi liquidity squeeze adds pressure as PIF weighs fundraisingEgypt detains rail staff as inquiry finds safety failures before deadly crash
Bota
Symbolic image: Black Sea shipping costs hit record as Ukraine cuts grain export forecastSymbolic image

Black Sea shipping costs hit record as Ukraine cuts grain export forecast

4 sources

Oil tanker rates out of the Black Sea hit a record on Wednesday after a drone barrage, Bloomberg reports. The war's squeeze on the region's ports is feeding through to European grain prices.

The Wall Street Journal calls the Black Sea another global chokepoint squeezed by a war now more than four years old. FAZ reports mounting Russian attacks on port facilities, through which Ukraine ships about 90 percent of its grain. Alternative export routes are constrained by record low water on the Danube.

Kyiv trims its export outlook

Ukraine's agriculture ministry has cut its forecast for the 2026/27 crop year by 3 to 5 million tonnes, to 38 to 40 million tonnes.

Wheat and maize above year-ago prices

Wheat traded at 213 euros a tonne on Wednesday, down 4 percent on the week but 9.5 percent above the 195 euros of a year earlier. Maize is 13 percent dearer than a year ago in Chicago and 33 percent on European exchanges, according to Bloomberg data cited by FAZ.

Moscow blames Kyiv

Russian foreign ministry spokeswoman Maria Zakharova said Kyiv's campaign to provoke chaos on the global food market, including strikes in Azov-Black Sea waters, serves several Western countries' interests and deepens grain and fertiliser shortages in the Global South.

Other opinions

TASS carries only Moscow's account and mentions neither the record freight rates nor Kyiv's lower forecast; the Western outlets do not report the accusation.

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