Ukraine exports most of its agricultural products despite logistical problems

Ukraine will be able to export 50 million tons of grains and oilseeds harvested in 2023, as well as about 10 million tons of vegetable oils and meals to global markets, despite logistical problems. This opinion was expressed by the President of the Ukrainian Grain Association Mykola Gorbachev.

According to him, it was previously planned to export about 5 million tons per month. However, this did not happen in the first four months of the season.

“We were unable to increase shipments through the Danube ports, which were handling 3.5-3.7 million tons per month. With the launch of the grain corridor, the ports of Greater Odesa have shown potential. It is possible to ship 3-4 million tons per month through the ports of Greater Odesa alone,” he said.

In total, Ukraine will be able to export about 6 million tons of grain per month through the sea corridor and across its western borders, according to the UGA president’s estimates, which was already done in November.

“We will be able to work harder, increase exports a little bit, and I think it will be technically feasible to supply 50 million tons of grains and oilseeds to foreign markets,” Gorbachev said.

He added that Ukraine will produce another 10 million tons of agro-processed products, including vegetable oils and meals.

“We will sell most of the grain and manufactured products. For us, this is more than 50% of the country’s foreign exchange earnings, which stabilizes the hryvnia. I think the government has little choice: either the harvest will rot or it is better to sell it. Of course, it’s better to sell,” said the UGA president and expressed confidence that traders will cope with this task if the military ensures the safety of shipping at the current level.

Gorbachev emphasized that in 2023, Ukraine grew 81 million tons of grains and oilseeds, with domestic consumption of 23-24 million tons. He emphasized that Ukraine produces three to four times more crops and processed products than it consumes, so the agricultural sector is clearly export-oriented.

Tags: sunflower oil, export, grain, oilseeds, Ukraine