In July of this year, Ukraine managed to export 3.0 million tons of agricultural products, bypassing its seaports, the key export infrastructure of the country, now blocked by Russian troops.
Export growth last month was 12% compared to June 2022, according to the Facebook page of the Ukrainian Club of Agrarian Business Association (UCAB) on Monday.
In terms of crops in July, grain exports amounted to 1.7 million tons (corn – 69%, wheat – 22%, barley – 9%), having increased by 21% compared to June.
According to the UCAB, in July Ukraine exported 597.2 thousand tons of oilseeds (sunflower seeds – 61%, rapeseed – 19%, soybeans – 9%), which is 7% more than the previous month. At the same time, the same amount of vegetable oil was exported as in June – 297.1 thousand tons, of which 94% is sunflower oil and 6% is soybean.
Export of sunflower and soybean cake and meal in July amounted to 185.9 thousand tons (sunflower – 85%, soybean – 15%), which corresponds to an increase of 34% compared to June.
Thus, last month, grain crops showed the largest growth volumes, the export of which increased by almost 300 thousand tons over the month. There was also a partial change in the structure of grain exports – an increase in the share of wheat and barley compared to previous periods, which is associated with the harvesting of these crops by Ukraine and, accordingly, an increase in supply.
“Although there is a positive trend in exports, prices for grain crops in the domestic market continue to decline. They are being pressured by an excess supply of both the last year’s crop and the arrival of a new crop at a significantly lower export growth rate,” the UCAB said in a statement.
As reported, before the start of the full-scale military invasion of the Russian Federation, Ukraine monthly exported 5-6 million tons of agricultural products through its key seaports in Odessa and Nikolaev.
