Ukrainian grain exports are close to pre-war levels, the analyst said

Published 2024년 8월 29일

Tridge summary

Ukraine is on the path to restoring its grain exports to pre-war levels, thanks to the successful operation of the maritime grain corridor, according to Artem Havrysh, an analyst with the Ukrainian Agrarian Confederation. The country is currently exporting 4-5 million tons of agricultural products per month through ports, with the help of the newly launched maritime corridor, which has increased the share of agricultural product exports through ports to 87%. The restoration of the ports of Mykolaiv is promising for further increasing export volumes. Despite the EU imposing restrictions on duty-free trade in corn and other agricultural products, China remains a significant market for Ukrainian grain, with the potential for trade to grow. However, Ukraine may not be able to surpass the corn export limit set by the EU due to predicted lower corn harvests in the 2024/25 marketing year.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Ukraine's grain exports may return to pre-war levels in the next few years thanks to the successful operation of the maritime grain corridor, but everything depends on the military situation, Ukrainian Agrarian Confederation analyst Artem Havrysh said in an interview with S&P Global Commodity Insights. On average, Ukraine exports 4-5 million tons of various agricultural products per month through ports. Before the war, the average monthly export was about 6 million tons. In order to reach the pre-war level, Ukraine needs to increase the export capacity of its ports by approximately 1 million tons, Havrysh notes. Ukraine launched its own corridor after Russia unilaterally expressed its desire to withdraw from the Black Sea Grain Initiative in mid-2023. Thus, on August 15, 2023, the Ukrainian maritime corridor became operational and is still functioning, helping farmers to export their grain. "Currently, the export figures are already very close to the pre-war ones. According to the ...
Source: Agroconf

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