Recent attacks on ports will slow Ukrainian agricultural exports from March to May

Ukraine

Supply Chain Management

Innovation & Technology

Published Mar 28, 2024

Tridge summary

Recent Russian drone and missile attacks targeting Ukrainian Black Sea ports, especially around the Odessa region, have disrupted Ukraine's maritime agricultural exports, including key commodities like grains, vegetable oils, and oilseeds. Although the port infrastructure has not suffered significant damage, these attacks have slowed down export shipments, leading to a slight decrease in grain exports in March compared to the previous year. Export tracking firm Spike Brokers predicts a further decline in cargo volumes for April and May. Given that Ukraine typically exports around 95% of its grain via Black Sea ports, the attacks have notably impacted agricultural sea exports in the first half of March.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

kyiv, March 27 (Reuters) - Continued attacks on Ukrainian Black Sea ports by Russian drones and missiles are causing a slowdown in Ukraine's maritime agricultural exports, traders said on Wednesday. A key maritime hub in the southern region of Odessa has come under almost daily attacks in recent weeks, but authorities have reported no significant damage to port infrastructure. "Active bombing of Ukraine, especially in the south, by Russia last week led to disruptions in export shipments and a slowdown in maritime exports," Spike Brokers, which tracks and publishes export statistics, said on the app. Telegram messaging service. It did not give exact volumes of exports or the impact on shipments. Ukraine is a traditional exporter of grains, vegetable oils and oilseeds. The Ukrainian Agriculture Ministry said earlier on Wednesday that the country's grain exports so far in March had amounted to 4.5 million metric tons, slightly down from 4.6 million in the same period a year earlier. ...

Source: Elperiodicodemexico