Skip to site menu Skip to page content

Daily Newsletter

13 August 2024

Daily Newsletter

13 August 2024

Ukraine grain exports up despite Russian attacks on ports

Ukraine exported 4.2m metric tons of wheat and corn in July compared to around 2.1m a year earlier.

Andy Coyne August 12 2024

Ukraine has doubled its monthly grain exports year-on year despite Russian attacks on key Black Sea ports.

According to Ukraine's UGA traders' union, the country exported 4.2m metric tons of wheat and corn in July compared to around 2.1m a year earlier.

This is despite Russia targeting key Black Sea ports Odesa and Izmail, a port along the Danube River, with precision missiles.

However, Ukraine, a major global wheat and corn grower, has warned that overall exports for the 2024/25 season are expected to fall because of unfavourable weather impacting its harvest and the war impacting its ability to move produce out.

Before Russia’s invasion in February 2022, Ukraine used to export around 6m tons of grain a month via the Black Sea.

The country has managed to maintain a shipping corridor despite a UN-backed and Russian agreed Black Sea grain export initiative collapsing last year amid Russian claims that its own exports were being punished by sanctions.

News agency Reuters reports that Ukraine has not yet reported the destinations of its exports in July, but last season it exported most of its wheat to Spain, Egypt and Indonesia, with its corn mostly heading for Spain and China.

It said there were six shipments of corn from Ukraine's other two operational Black Sea ports, Chornomorsk and Pivdennyi, in June and July to Rotterdam, Europe's busiest port, and Spain's Cartegna.

Since July, Ukraine has also shipped cargoes to China, Egypt and Turkey, it reported.

Uncover your next opportunity with expert reports

Steer your business strategy with key data and insights from our latest market research reports and company profiles. Not ready to buy? Start small by downloading a sample report first.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close