Defending Coal Phase-out, Decrease in Ukraine's Grain Exports, and Sharp Fall in Freight Rates

Germany's plan to phase out coal by 2030 is defended by Economy Minister Robert Habeck, despite ramping up coal generation in response to energy crisis. Ukraine's grain exports have decreased due to blocked ports and Russian attacks. Ukraine is open to allowing foreign traders to use up to 50% of its gas storage capacity. Germany continues to trade Russian liquefied natural gas despite canceling a nationalized firm's contract. Freight rates for grain exports via a new Black Sea route have fallen sharply.