Ukraine faces sharp drop in grain exports

Ucrânia enfrenta acentuada queda nas exportações de grãos
Image: Adobe Stock

Ukraine's grain exports continue to fall significantly short of last year's volumes, with 13.4 million tonnes exported to date, compared with 18.3 million tonnes in the same period last year, according to data from the country's Ministry of Agriculture, as reported by World Grain.

Ukrainian authorities expected a harvest of 79 million tonnes of grains and oilseeds in 2023/24, with an exportable surplus of 50 million tonnes, according to the December 4 report.

In February 2022, before the Russian invasion of Ukraine, the country accounted for 9% of global wheat exports. Furthermore, it contributed 15% from corn and an impressive 44% from sunflower oil.

Meanwhile, UN officials sought to revive the Black Sea Grains Initiative (BSGI). Russia withdrew in July, a year after mediation by the UN and Turkey, according to the report.

Ukraine has established a humanitarian corridor for agricultural exports. This channel facilitated the shipment of more than 4 million tons, as reported by World Grain.

Ukraine reinforces air defenses to protect grain export routes after Russian attacks

The new route runs along the southwestern Black Sea coast of Ukraine, in Romanian waters, towards Turkey.

Faced with the challenging scenario, Ukraine sought to reinforce its air defenses. The objective was to protect grain export routes and border regions with Russia. This need was highlighted by the country's president, Volodymyr Zelenskiy, in a Reuters report on November 26.

At the international food security summit in Kiev, Zelenskiy delivered his speech. This occurred on November 25, shortly after a Russian drone attack on Ukraine overnight.

Zelenskiy said Ukraine's foreign partners would provide vessels to accompany convoys of cargo ships from Ukraine's ports to ensure their safety.

Additionally, European Commission President Ursula von der Leyen pledged support in a letter to Zelenskiy that she shared on social media platform X, saying the commission would provide 50 million euros (US$53.96 million) for “repairs rapid and infrastructure upgrades at Ukraine’s ports.”

Zelenskiy said Kiev hopes to resolve its air defense shortage by increasing its own production capacity and obtaining new supplies from partners, an area in which progress has been made.

Source: Oils & Fats International

Facebook
twitter
LinkedIn

Aboissa supports

Stay up to date with news
and the best opportunities in
agribusiness – sign up now!

Asia

Saudi Arabia

Bangladesh

China

South Korea

United Arab Emirates

Philippines

Hong Kong

India

Indonesia

Iraq

Jordan

Lebanon

Malaysia

Oman

qatar

singapore

Türkiye

Vietnam

America

Argentina

Bolivia

Brazil

Canada

Chile

Colombia

Costa Rica

Cuba

Ecuador

U.S

Guatemala

british virgin islands

Mexico

Nicaragua

Panama

Paraguay

Peru

Dominican Republic

Suriname

Uruguay

Venezuela

Africa

South Africa

Angola

Algeria

Cameroon

Costa do Marfim

Egypt

Ghana

Mauricio Islands

Liberia

Morocco

Nigeria

Kenya

Senegal

Sierra Leone

Sudan

Togo

Tunisia

Europe

Albania

Germany

Belgium

Bulgaria

Cyprus

Spain

Estonia

Finland

France

England

Ireland

Italy

Lithuania

Poland

Portugal

Romania

Russia

Serbia

Sweden

Switzerland

Türkiye

Ukraine

Oceania

Australia

New Zealand

Request a quote!

Fill out the form and get support for your business needs.
Our experts are ready to offer customized solutions.

*We are currently not working with intermediaries.

By providing my data, I agree with the Privacy Policy.