If the grain corridor is closed, Ukraine will be able to send a maximum of 35 million tons of grain abroad

Published 2022년 11월 16일

Tridge summary

The article highlights the urgent need to extend the Safe Transport of Grain initiative from Ukrainian ports, which is set to expire on November 22, to prevent a significant disruption in global food security. Without this initiative, Ukraine's exports could be reduced by more than half, from 50 million tons to 35 million tons, impacting farmers and potentially leading to reduced sowing areas. The lack of an alternative as efficient and economically viable as the grain corridor could also exacerbate food inflation, especially in the European Union and Africa. Additionally, the article calls for improving the corridor's efficiency by speeding up ship inspections, currently a major bottleneck, but faces resistance from Russia.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

On November 22, the grain deal expires. Therefore, representatives of the leading agricultural associations of Ukraine appealed to the UN Secretary General and world leaders with a request to do everything possible to extend the Initiative for the Safe Transport of Grain from Ukrainian Ports to further ensure global food security. But in fact there is no alternative to the grain corridor. President of the Ukrainian Grain Association (UGA) Mykola Gorbachev announced this in his column for The Ukrainian Farmer magazine. Of course, in the event of termination of the grain initiative, we have European corridors. But through the Danube ports, by road and rail in this direction, we can export up to 3 million tons per month. Perhaps in the future, when we will be able to load ships on the outer roads of the Danube (as it was on the roads of Ochakov), exports will increase by another 500-800 thousand tons per month, but this is a matter of several years. However, the cost of logistics in ...

Source: Zol