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Ukrainian exports continue to sink

Украинският износ продължава да потъва
Grain exports from Ukraine have fallen to around 15.3 million tonnes so far in the 2023/24 July-June marketing season, agriculture ministry data showed.

The ministry said that by December 16 last year, Ukraine had exported almost 20 million tons of grain, and now exports are only 2.2 million tons of grain so far in December. The volume exported this season included 6.5 million tonnes of wheat, 7.7 million tonnes of maize and 933,000 tonnes of barley

In the previous season until December 16, Ukraine exported 7.9 million tons of wheat, 10.9 million tons of corn and 1.5 million tons of barley. Ukraine traditionally carries out most of its exports through its deep-sea Black Sea ports.

A senior Ukrainian government official said this week that the country's exports through the alternative Black Sea corridor could increase to 5 million tonnes in December, up from 3.8 million tonnes in November.

Ukraine launched the corridor spanning the western Black Sea coast near Romania and Bulgaria in August after Moscow pulled out of a UN-brokered Black Sea grain export deal in July and threatened to treat all ships as potential military targets.

How exports through the Black Sea will continue is not clear for now, as movement through it is greatly hampered by the presence of mines. Turkey, Romania and Bulgaria plan to sign an agreement on January 11 on a joint plan to clear mines in the Black Sea as a result of the war in Ukraine, Turkish Defense Minister Yasar Guler said.

The Government of Ukraine expects a crop of 81.3 million tonnes of grain and oilseeds in 2023, with a surplus for export for 2023/24 of around 50 million tonnes.

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