Exports of agricultural products from Ukraine in March 2023 increased by 12% compared to the previous month and reached a record 7.8 million tons since the war, the Ukrainian Confederation of Agrarian Business (UCAB) said in a statement on its website.
“51% of exports in March 2023 were made through the work of the “grain corridor”, and the rest through alternative export routes. However, it is necessary to take into account that not all products had time to physically cross the border,” UCAB pointed out.
According to the data of UCAB, in March 2023, vegetable oils showed the largest increase in the structure of exports – by 28%, to 556.2 thousand tons, oilseeds – by 23%, to 683.1 thousand tons, cereals – by 10%, to 5.7 million tons (corn – 67%, wheat – 29%, barley – 4%) and oilcake – by 10%, to 454.7 thousand tons (sunflower – 83%, soybean oil – 17%).
According to analysts, the important news for the Ukrainian export in March 2023 was the continuation of the “grain corridor”.
“The existence of such an export channel gives hope to Ukrainian agrarians to realize the rest of products of the 2022 harvest and receive funds to continue their economic activities, beginning from the spring sowing season, which is already in full swing”, – the UCAB noted.
The main problem is the significant gap between the world price and the price of major crops on the Ukrainian market. Reducing of this gap would help farmers to accumulate funds for the purchase of fertilizers, pesticides, the use of which will be minimal this year due to limited financial resources of farmers, UCAB summarized.
