Uncertainty over Ukrainian grain exports in 2023/24

Published Nov 20, 2023

Tridge summary

Ukraine's grain exports may decrease by 35.1% in the current campaign due to attacks on Danube ports, the main departure point for Ukrainian grain. The International Grains Council estimates that sales could fall to 32 million tons, with wheat and corn being the most affected. In response, Ukraine has opened a temporary humanitarian corridor along the Black Sea and Romania plans to modernize the infrastructure of the port of Constanta to double its transit capacity for Ukrainian grains.

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

Original content

The Danube ports are currently the main departure point for Ukrainian grain. Through them, up to 2.5 million tons of grain can be exported per month. However, the attacks on these ports generate uncertainty about Ukraine's export capacity, whose sales of cereals abroad could fall to 32 million tons in the current 2023/24 campaign, 35.1% less than in the previous one. according to estimates by the International Grains Council (CIC), a figure very similar to that managed by the United States Department of Agriculture (USDA), of 31.9 million tons. The French Ministry of Agriculture collects this data in a report on the evolution of the cereals market in France and worldwide in 2022/23 and the outlook for 2023/24. Of those 32 million tons targeted by the CIC, 12 million tons would be wheat (-29.9% compared to the previous campaign), 18 million tons would be corn and 1.8 million would be barley. The French note also includes data from the Ukrainian Ministry of Agriculture itself on ...

Source: Agropopular