Wheat from Ukraine had China at the forefront

Published 2023년 3월 17일

Tridge summary

The Black Sea Grain Initiative, which renewed its agreement in March 2023, has significantly benefited China, importing 5.2 million tons of agricultural products, or 21.5% of the total shipped from Ukrainian ports since August 2022. These products included wheat, corn, and sunflower oil. Other major importers were Spain (17%), Turkey (11.2%), Italy (7.3%), and numerous developing countries, receiving nearly 55% of the shipments. The initiative has helped alleviate concerns about stability in regions heavily dependent on these commodities, particularly in North Africa and Asia.

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Original content

This was revealed by a survey by the Centro Studi Divulga. With 5.2 million tons of agricultural products – including wheat, corn and sunflower oil, equal to 21.5% of the total shipped from Ukrainian ports since August 2022 – China is the country that has benefited the most from Black Sea Grain Initiative, whose agreement was recently renewed. This is what the Divulga Study Center affirms which processed the UN data of the routes of agricultural products departing from the ports of Chornomorsk (36.4% of the total), Yuzhny (35.8%) and Odessa (27.8%) in these 240 days. Overall, 24.2 million tons of agricultural products departed from Ukrainian ports: almost half is corn (49.3%) while 27.2% is soft wheat, 5.4% is sunflower flour, 5. 1% sunflower oil. Spain (4.1 million tons of products equal to 17%) and Turkey (2.7 million tons of products equal to 11.2%) are respectively in second and third place among the countries that have imported the most from ‘Ukraine in this period. Italy, on ...

Source: UkrAgroConsult