Ukraine continues to increase the rate of grain export

Thanks to the stable operation of the Black Sea corridor secured by the Armed Forces of Ukraine, in December Ukraine was able to export by water transport a record 6.1 million tons of agricultural products since the beginning of the full-scale invasion of the Russian Federation, of which 1.3 million tons - through the ports of the Danube and 4.8 million tons - through the ports of the Velika Odessa, - reports Spike Brokers.

According to the State Customs Service, in 2023/24 MR (as of January 10) Ukraine exported 19.881 million tons of grain and leguminous crops (23.963 million tons on this date last year), of which in January – 1.415 million tons (1.217 million tons during 1 - January 10, 2023).

So, in 2023/24 MR, the following was exported:

• wheat – 7.962 million tons (of which 338 thousand tons in January),
• barley - 1.163 million tons (89 thousand tons),
• rye - 1 thousand tons (0),
• corn - 10.612 million tons (986 thousand tons).

In addition, as of January 10, the export of flour from Ukraine decreased compared to the previous season from 71.9 to 60.4 thousand tons, in particular wheat - to 57.4 thousand tons. In January, 1.9 thousand tons of flour were exported, with of them wheat - 1.8 thousand tons.

Freight rates remained almost unchanged compared to December due to active demand and stable operation of the Ukrainian Black Sea corridor.

As of January 10, the rates for transportation from the port of Chornomorsk were:

• Spain (Mediterranean) – $39-42/t (30-35 thousand tons);
• Italy (east coast) - $37-38/t (30-35 thousand tons);
• Italy (west coast) – $38-39/t (30-35 thousand tons);
• Portugal - $39-42/t (30-35 thousand tons);
• China - $62-67/t (60-65 thousand tons).

Rates for transportation from the port of Izmail to Constanta (Romania) by barges of 1-3 thousand tons were 22-28 €/t.