2 October 2023

Ukrainian grain exports in the reporting month became the smallest since July 2022.

AAccording to preliminary data from the Ministry of Agrarian Policy, in September 2023 Ukrainian companies exported almost 2.1 million tons of grain crops, 227,000 tons less than in the previous month and by a half less y-o-y.

In the reporting month, 1.3 million tons of wheat, 638 thousand tons of corn and 124 thousand tons of barley were exported.

Ukrainian grain exports remain at a low level, the main reason for which is that since mid-July, after the suspension of the functioning of the grain corridor, Ukrainian deep-sea ports are almost inactive (only in September, Ukraine began to break through the sea blockade). We will also note the drop in world prices for grain crops during the last period of time.

As a result, about half of the price of grain, which can be received in a deep-sea port (in most cases - the port of Romanian Constanta), goes to pay for expensive logistics, and farmers in many cases sell grain at prices lower than the cost of its growing.

In total, since July 2023, Ukraine has exported 6.65 million tons of grain (8.6 million tons in July-September 2022).