Heavy rain and storms have led to severe flooding at the port of Azov, disrupting grain shipments in the Black Sea region. The Kerch Strait closure, coupled with inspection delays, has further compounded setbacks, causing significant delays for traders. Some terminals have reported damage, and the adverse weather conditions have impacted the forecast for Russian wheat exports in November. The incident has led to increased demand in the market, with potential delays of up to 15 days. Additionally, marine incidents, including a vessel running aground and damages to railway infrastructure in Sochi, add to the challenges faced by the shipping and trading industry in the region.

SOURCE: GOOGLE