Constant Port Attacks Slowing Ukraine's Farm Exports

March 27, 2024

Constant attacks on Ukrainian Black Sea ports by Russian drones and missiles are leading to a slowdown in Ukraine's maritime agricultural exports, brokers said on Wednesday.

A key maritime hub in the southern Odesa region has been under almost daily attacks in recent weeks, but authorities have not reported any significant damage to port infrastructure.

"Active shelling of Ukraine, particularly in the south, by Russia last week led to interruptions in export shipments and a slowdown in waterborne exports," Spike Brokers, which tracks and publishes export statistics, said on the Telegram messaging app.

It gave no exact volumes of exports and the stricture of the shipments. Ukraine is a traditional exporter of grains, vegetable oils and oilseeds.

Ukrainian agriculture ministry said earlier on Wednesday that the country's grain exports so far in March had totaled 4.5 million metric tons, slightly down from 4.6 million in the same period a year earlier.

Ukraine has traditionally exported around 95% of its grain via its deep water Black Sea ports and Spike Broker reported a further decline in export volumes.

"There is a decline in (expected) cargo volumes in April and May," the brokerage said.

The ministry data showed that Ukrainian agricultural maritime exports totaled 2.95 million tons in March 1-15 and corn dominated the volume


(Reuters - Reporting by Pavel Polityuk; editing by David Evans)

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