The export of Ukrainian grain and oilseeds reached 57.5 million tons

Published Jul 9, 2024

Tridge summary

The Ukrainian Grain Association reports that the opening of the Ukrainian Humanitarian Corridor and the implementation of a working insurance mechanism for ships entering Ukrainian ports significantly boosted Ukrainian grain exports last season. The country exported grain, oilseeds, sunflower oil, and other products, totaling $17.86 billion. Wheat, barley, and corn were the main exports, with Spain, Egypt, and China being the largest buyers. Despite the ongoing conflict, Ukraine continued to export grain, ensuring food security for many countries.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

This is reported by the Ukrainian Grain Association. "Last season, the most important factor for the export of Ukrainian grain was the opening of the Ukrainian Humanitarian Corridor, which allowed export by sea from the deep-sea ports of Odesa. The second most important factor was the introduction by Ukraine, together with international partners, of a working insurance mechanism for ships entering Ukrainian ports, which reduced the costs of exporters and, accordingly, Ukrainian agricultural producers for export logistics. Thanks to these two factors, Ukraine continued to export grain and guarantee food security in many countries of the world," experts explained. And they added that in monetary terms, according to customs data, the export of grain and oilseeds in 2023/2024 MR amounted to $10.76 billion, and the export, taking into account products from them, including sunflower oil and other oils, cake and meal, was $17.86 billion. Thus, wheat exports amounted to 18.4 million tons ...

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.