Business news from Ukraine

UZ increased volume of grain and milled products transportation by 5.8%

24 November , 2023  

In January-October 2023, Ukrzaliznytsia JSC (UZ) increased the volume of grain and milling products transportation by 5.8%, or 1.32 mln tonnes compared to the same period of 2022, to 24.26 mln tonnes, according to the UZ report.

According to the document, 17.55 mln tons of grain and milled products were transported in export traffic in 10 months, which is 0.7% or 129 thsd tonnes less compared to the same period of 2022.

In total, 10.46 mln tons of grain cargo were transported by rail to ports in 10 months, which is 15% less than in the same period of 2022. At the same time, the volume of transportation in the direction of border crossings amounted to 7.09 mln tonnes (31% more).

The volumes of grain cargo transportation to ports have been growing since August, due to the launch of the temporary sea corridor to the ports of Greater Odesa, UZ said.

It is specified that in October, the share of grain transportation towards ports amounted to 56.8%.

Earlier it was reported that 151 vessels have used the Ukrainian sea corridor established by the Ukrainian Navy since August 10, 2023, 121 of which have already used it with 4.4 mln tons of export cargo.

According to the forecast of Yuriy Vaskov, Deputy Minister of Communities, Territories and Infrastructure Development, if the sea corridor is fully operational, more than 50% of export shipments in 2024 will be carried out by sea.

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