Ukraine is facing the lowest exports of grains and oilseeds in the last 8 years
In August and September, as a rule, Ukrainian grain is shipped in all directions. But this year, ports and silos are empty. There are a number of factors that have affected the logistics market.
This was announced by Oleksandr Solovey, co-founder of Spike Brokers, during the forum Grain and Processing: Development Despite the War – 2024.
“This year, we are going to see the lowest exports of grains and oilseeds in the last 8 years. Grain will move in smaller quantities, which generally characterizes the market liquidity. The war-related situations have stimulated the development of alternatives to exports via the Danube and overland routes,” the expert commented.
Ukraine has increased its exports by land (road and rail) from 3% to 13%. Exports via the Danube grew from 0 to 11%, and investments have been made there to improve efficiency and reduce transshipment costs. The price of transshipment of grain reaches up to $10 per ton, and oilseeds – even less.
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