Russian Grain Exports Hit by Black Sea Drone Attacks

Russian grain exports are facing significant disruption due to ongoing drone attacks in the Black Sea. The NKHP Grain Export Terminal, one of three major terminals at Russia's main export port of Novorossiysk, has been severely damaged and may take up to four months to repair.

The attack, which occurred on August 12, put all three grain terminals out of operation, halting almost all grain shipments through the ports. The other two terminals, owned by Demetra and Delo Group, suffered less significant damage, but operations were suspended due to the attack.

The NKHP terminal has an annual capacity of 7.1 million metric tons, making it one of the largest terminals at the port with a combined capacity of over 20 million tons. Total seaborne exports stood at 52.7 million tons last season.