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Ukraine suspends grain exports via Black Sea ports due to blockade, minister says
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Ukrainian Agriculture and Food Minister Taras Vysotsky said on August 22 that Ukraine has suspended grain exports through Black Sea ports due to a blockade of the ports. In a video statement, Vysotsky stated that as of today, there are no grain exports from the Odesa region, and exports have stopped. He noted that since August, Ukraine has been exporting grain via rail, inland waterways, and road, with rail and river transport accounting for the vast majority. Vysotsky explained that Ukraine needs to export at least 5 million tons of grain per month, or at least 60 million tons annually, but the capacity of these three routes is only half of the required total export volume. He warned that further expanding land-based exports would raise transportation costs, making exports unprofitable. Ukraine is a major exporter of corn and wheat, relying heavily on Black Sea ports. In recent months, Ukraine and Russia have frequently attacked each other's targets in the Black Sea. Reports indicate that due to mutual attacks on ports and cargo ships, grain exports from both countries in the Black Sea and Azov Sea regions have nearly stalled, with export capacity losses exceeding 97%.
Source report
Ukraine has suspended grain exports through its Black Sea ports due to a blockade, according to Taras Vysotskyi, the country's Minister of Agrarian Policy and Food.
In a video statement released on August 22, Vysotskyi said that "as of today," the Odesa region "has no grain exports — (related exports) have been halted."
Alternative Export Routes
Since August, Ukraine has been exporting grain via rail, river, and road transport, with rail and river shipments accounting for the vast majority of volumes, Vysotskyi noted.
Export Capacity and Shortfall
- Ukraine requires monthly exports of at least 5 million tons of grain
- Annual export needs stand at a minimum of 60 million tons
- The combined capacity of the three land-based routes covers only half of the required export volume
Vysotskyi warned that any further expansion of overland exports would drive up transportation costs, making grain exports unprofitable.
Background
Ukraine is a major exporter of corn and wheat, and its grain exports have historically relied heavily on Black Sea ports. In recent months, Ukraine and Russia have repeatedly attacked each other's targets in the Black Sea region.
According to reports, mutual strikes on ports and cargo vessels have brought grain exports from both countries in the Black Sea and Azov Sea regions to a near standstill, with export capacity losses exceeding 97%.
(Source: CCTV News)
Source
财联社Eastern
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