Ukraine going to export over 60 mln/tonnes of grain

Ukraine in the 2021/2022 marketing year (July-June) intends to export more than 60 million tonnes of grain crops, while ensuring the throughput capacity of seaports will become an important challenge in the issue of its logistics, according to the Ukrainian Ministry of Economy.

According to him, the strategy of the Ukrainian government is aimed at developing infrastructure in the logistics industry in order to attract investors to it.

Kachka specified that Ukraine is implementing a number of measures within the framework of the Agreement with the World Trade Organization on trade facilitation, such as the introduction of a Single Window mechanism for international trade, the institution of an authorized economic operator, and a joint transit regime. This will allow Ukraine to enter the list of countries with the safest and most comfortable conditions for doing business.

The Trade Representative of Ukraine recalled that growth of global demand for freight transportation amid the weakening of quarantine restrictions raised rates on them to multi-year highs and increased industry revenues, which allows investing in the latest technologies, digitalization, automation, etc.

As reported, the Ukrainian Grain Association (UGA) in November estimated export of grains, legumes and oilseeds from Ukraine in 2021/2022 MY at 68 million tonnes with a harvest of 105 million tonnes, which exceeds the forecast made by the organisation in July respectively, by 6 million tonnes (9.7%) and 5 million (5%) tonnes.

The Odessa Journal

Tags: grain crops, international trade, freight transportation, legumes, Ukraine, export, oilseeds