Ukraine’s grain corridor flows
The newly opened crop-export corridor in Ukraine shows initial success with a significant increase in agriculture commodities exports in August.
The newly opened crop-export corridor in Ukraine shows initial success.
During the five and a half months of the Russia-Ukraine war, almost 10 million tons of eight agricultural commodities and processing products hava been exported, reported the Ukrainian minister of agriculture on August 23. During the first two weeks of August, Ukraine exported around 2 million tons of grains, while July exports were 3 million tons. During the first two weeks of August, corn and wheat exports were the largest since February, with 776,000 and 339,000 tons, respectively.
The export dynamics increased 89%, from 331,000 tons in March to 3 million tons in July. The share of commodities in the exports structure generally follows last year's trends: 48.9% of corn, 17.25% of sunflower seeds, 11.89% of sunflower oil, 8.08% of wheat, 5.13% of meal, 4.73% of soybeans, 3.04% of barley and 0.99% of soybean oil.
The transportation share breakdown was changed significantly due to the sea-ports blockade: 3.5 million tons of agricultural products were exported through ports, 3.1 million tons by rail, 1.1 million tons by vehicles, and 95,500 tons by ferry.