Business

Report Ukraine exports first grain to Europe by train as seaports remain blocked

blank

Traders have exported the first shipments of Ukrainian corn to Europe by train as the country’s seaports remain blocked due to the Russian invasion, agricultural consultancy APK-Inform said on Sunday.

Kraine’s new Agriculture Minister Mykola Solskyi said on Saturday that Ukraine’s ability to export grain is deteriorating by the day and would only improve if the war with Russia ends.

In a televised briefing, Solskyi said Ukraine, one of the world’s largest grain producers, would normally export 4 to 5 million tons of grain a month – a volume that has fallen to just a few hundred thousand tons.

“The impact (on global markets) is direct, dramatic and large. And they keep going. The situation is getting worse every day,” he said.

Traders and agricultural officials have announced that Ukraine, which still has significant stocks of grain in stock, may start exporting via its western border by train.

“The first batches of several thousand tons of corn have already been exported across Ukraine’s western land border,” says a report by APK-Inform.

“Logistics difficulties remain, supply still outweighs demand, but prices are no longer falling,” she added.

According to APK-Inform, DAP prices for Ukrainian corn (Delivered At Place) ranged from $250-$265 per ton for buyers from Poland and the Baltic States, and $275 per ton for Slovakia.

Ukraine’s transport authorities said that up to 600,000 tons of grain per month could be exported from Ukraine to Europe using trains.

APK-Inform said last week that Ukraine’s grain exports could amount to 44 million tons in the July-June 2021/22 season. Only 1 million tons of grain was expected to leave the country from March to June due to logistical problems.

https://www.independent.ie/business/farming/news/farming-news/report-ukraine-exports-first-grain-by-train-to-europe-as-sea-ports-remain-blocked-41494268.html Report Ukraine exports first grain to Europe by train as seaports remain blocked

Fry Electronics Team

Fry Electronics.com is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@fry-electronics.com. The content will be deleted within 24 hours.

Related Articles

Back to top button