Business news from Ukraine

Business news from Ukraine

Ukraine exports more than 7 million tons of agricultural products in November

5 December , 2022  

Ukraine exported 7.2 million tons of agricultural products in November 2022, a 4% increase over the previous month, the Ukrainian Agribusiness Club (UCAB) said on its Facebook page on Monday.
According to the Association, it is a very good indicator, taking into account the difficulties with the operation of the grain corridor in November. During the month, it was possible to export 2.6 million tons of agricultural products, compared to 4.2 million tons in October, while the remaining volumes were exported by alternative routes.
UCAB noted that 4.7 million tons of crops were exported in November, which is 4% more than in October. By crops, 2.54 million tons of corn (54% of the total), 1.79 million tons of wheat (38%) and 376 thousand tons of barley (8%) were exported to foreign markets.
Ukraine also exported 1.3 million tons of oilseeds during this period, which is 10% more than in October. Ukraine exported 520 thousand tons of rapeseed (40%), 390 thousand tons of sunflower seed (30%) and 377 thousand tons of soybeans (29%).
UCAB also reported that exports of vegetable oils in November increased by 3% against the previous month – up to 515.8 thousand tons, 94% of which was sunflower oil (484 thousand tons) and 6% soybean oil (31 thousand tons). In turn, the export of sunflower and soybean cake and meal decreased by 21% to 342 thousand tons, including 88% of sunflower waste (300.1 thousand tons) and 12% of soybean oil (41 thousand tons).
“Problems in the operation of the “grain” corridor, caused by significant delays in inspections by the Russian side and the formation of queues of ships, force to focus again on the development of alternative routes, although this process has not stopped. However, we should take into account that the cost of logistics by alternative routes are many times higher than the cost of shipping from the ports of Odessa region, and just the sea route is the most cost-effective and efficient today,” – summarized UCAB in the message.
As previously reported by the Association, in October and September, Ukraine exported 6.9 million tons of agricultural products, in August – 4.6 million tons, in July – 3.0 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 and 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.

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