Ukraine notes a significant increase in grain exports by 59% in the new season

Ukraine has seen a 58.9% increase in grain exports since the start of the new marketing season in July 2024, reaching 4.96 million tons compared to the same period last year. This surge is primarily due to the stabilization of the sea corridor, which was a major issue last year. The country has also opened a new sea route from Odesa, allowing for the unblocking of sea exports. The main exports include wheat, barley, rye, corn, and flour. The increase in grain exports indicates improvements in the agricultural sector and the restoration of sea transportation, leading to a stable supply of Ukrainian products to international markets.

Since the beginning of the new marketing season in July 2024, Ukraine has increased grain exports by 58.9% compared to the same period last year, reaching 4.96 million tons. This is reported by the Ministry of Agrarian Policy with reference to the data of the State Customs Service. This significant growth is explained, in particular, by the low base of comparison and the stabilization of the sea corridor. In August 2024, grain exports amounted to 1.26 million tons, which is 48.5% more than in August 2023 (848,000 tons). Since the beginning of the new season, Ukraine also exported 2.27 million tons of wheat (81.84% more than last year), 739,000 tons of barley, 300 tons of rye, 1.93 million tons of corn, as well as 5,700 tons of wheat flour and 600 tons other flour. The main factor contributing to the growth of exports is the stable operation of the sea corridor, which was restored after problems last year. In July 2023, the Black Sea Grain Corridor was closed, but since August ...