Business news from Ukraine

Business news from Ukraine

Ukraine exported 6.9 million tons of agricultural products in February 2023

6 March , 2023  

Ukraine exported 6.9 million tons of agricultural products in February 2023, up 14% from the previous month, the association Ukrainian Agribusiness Club (UCAB) said on its Facebook page on Monday.
“This growth was tangible against the background of the fall in the indicator last month, and so – this is the average figure for the last six months. 49% of exports in February 2023 was realized through the work of the “grain corridor,” and the rest through alternative export routes. However, we must necessarily take into account that not all products had time to physically cross the border”, – clarifies the message of the Association.
UCAB notes that in February 2023 it exported 5.2 million tons of grain crops, which is 23% more than in January. By crops, 3.33 million tons of corn (64% of the total), 1.61 million tons of wheat (31%) and 21 thousand tons of barley (4%) were exported to foreign markets.
Ukraine also exported 557 thousand tons of oilseeds during this period – 30% less than in January. Abroad, 328.6 thousand tons of soybeans (59%), 167.1 thousand tons of sunflower seeds (30%) and 61.3 tons of rapeseed (11%).
UCAB also noted that exports of vegetable oils in February increased by 4% against the previous month – up to 435.7 thousand tons, 93% of which was sunflower oil (405.2 thousand tons) and 7% – soybean oil (26.1 thousand tons). In turn, exports of sunflower and soybean cake and meal decreased by 4% to 414.1 thousand tons, including 85% of sunflower waste (351.9 thousand tons) and 15% of soybean waste (62.1 thousand tons).
“February-2023 was the highest monthly export of grain crops since the beginning of the war – 5.2 million tons. Part of this growth was due to a decrease in oilseed crop exports. With the decline in oilseed exports due to the end of export stocks of rapeseed and the reorientation of sunflower seeds to the domestic market, it became possible to export more crops,” UCAB stressed in a report.
As previously reported UCAB, Ukraine exported 7 million tons of agricultural products in December 2022, in November – 7.2 million tons, in October and September – 6.9 million tons, in August – 4.6 million tons, in July – 3 million tons, in June – 2.7 million tons. According to the Ministry of Agrarian Policy of Ukraine, in May agricultural exports amounted to 1.74 million tons, in April – 0.96 million tons, in March – 0.33 million tons.
Prior to the full-scale military invasion by the Russian Federation, Ukraine used to export an average of 5-6 million tons of agricultural products per month, mainly through its maritime infrastructure in the Black Sea.

,