News

90% of Ukraine's agricultural exports are provided by sea

Grains, Cereal & Legumes
Ukraine
Supply Chain Management
Market & Price Trends
Published Mar 1, 2024

Tridge summary

Ukraine relies heavily on its own grain corridor in the Black Sea for agricultural exports, with 90% of its exports, including 29.1 million tons of grain, legumes, and flour, passing through this route. Corn, wheat, and barley are the main exports, with corn leading at 15.8 million tons. The significance of this sea corridor is expected to grow amid potential border closure by Poland.
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

Ukraine uses its own grain corridor opened in the Black Sea to ensure 90% of agricultural exports. This was announced by the head of the Committee on Finance, Tax and Customs Policy of the Verkhovna Rada, Danylo Hetmantsev. The total indicator of Ukrainian export supplies reaches 29.1 million tons of grain and leguminous crops, as well as ready-made flour. Such results were recorded as of February based on the results of the 2023-2024 marketing year. The head of the committee believes that the sale of agricultural products remains the main article of Ukrainian exports. Agrarians managed to sell the most corn - 15.8 million tons. They sold less wheat on the foreign market - 11.5 million tons. Barley remains the outsider among grain crops with a result of 1.6 million tons. It should be noted that the sea corridor becomes even more important in the conditions when the Polish side has announced that it is considering the option of completely closing the border between the two ...
Source: Agropolit
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