Ukraine may lose nearly $10 bln in agricultural exports due to war

Ukraine may lose nearly $10 bln in agricultural exports due to the war and logistics problems. This was reported by the Ministry of Agrarian Policy following a meeting between Minister Taras Vysotskyi and representatives of the European Business Association.

One of the key priorities remains ensuring stable exports of Ukrainian agricultural products. Ukraine continues to work with EU partners to secure unhindered transit of agricultural goods to third countries and access to available logistics capacity.

The issue is particularly pressing due to the limited capacity of alternative logistics routes. Black Sea ports account for about 90% of Ukrainian grain and oilseed exports, while land and other alternative routes cannot fully compensate for seaborne shipments.

The Ministry of Agrarian Policy and business representatives also discussed war-risk insurance. According to the ministry, losses incurred by civilian businesses could amount to at least $2 bln annually, while the traditional insurance market cannot cover risks of this scale on its own.

The Ministry of Agrarian Policy continues to work with international partners on mechanisms to support businesses and provide war-risk insurance. At the same time, preparations for the agricultural sector’s integration into the EU and the alignment of Ukrainian legislation with European standards are ongoing.

Tags: Ukraine, export, agricultural products, logistics, war