Tridge summary
Ukraine's grain exports have seen a significant decrease of 43.2 percent in the 2022/23 farming season, dropping to 6.88 million tons, as reported by the Ministry of Agriculture in Kyiv. This decline is largely attributed to the impact of the ongoing war, which has led to the closure of Black Sea ports, a crucial shipping route. As a result, the harvest forecast for the year has been reduced to 50-52 million tons from the record 86 million tons of the previous year. Despite these challenges, Ukraine has managed to export around 4 million tons of agricultural products through its ports, with 30,000 tons of wheat recently shipped to Afghanistan via the UN World Food Program. The global food crisis resulting from the war is increasingly affecting countries like Afghanistan, Ethiopia, South Sudan, Somalia, and Yemen, with nearly one million people teetering on the brink of starvation.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Ukraine's grain exports fell by 43.2 percent year-on-year so far in the 2022/23 farming season to 6.88 million tons, the Ministry of Agriculture in Kyiv said. Ministry data showed exports so far for the July 2022 to June 2023 season were 3.95 million tonnes of maize, 2.30 million tonnes of wheat and 598,000 tonnes of barley. The country's grain exports have plunged since the war began in February as ports on the Black Sea, a key shipping route, have been closed, raising global food prices and raising fears of shortages in Africa and the Middle East. At the end of July, shipping restrictions were lifted in three Black Sea ports under an agreement reached between Moscow and Kyiv, brokered by the UN and Turkey. According to the government's information, 50-52 million tons of grain can be harvested in Ukraine this year, compared to the 2021 record of 86 million tons, due to the reduction of land due to the Russian troops and the lower harvest, the international agricultural press ...
Source: AgroForum
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