Ukraine: Grain handling in ports decreased by 30%

During the first week of December, 2018, almost 670.000 tons of cereals were supplied from Ukrainian seaports abroad, which is 30% less than it was shipped over the past week. From November 24 to December 1, 950.000 tons of grain were shipped from seaports.

During the first week of December, 86.000 tons of wheat and 0.5 million tons of corn were shipped abroad, which is inferior to last week’s shipments by 58% and 31%, respectively. Also, during the specified period, barley shipments were resumed, and the shipment volumes of this crop were 73.000 tons.

Most of all was shipped from the South Sea Port. The volume of shipments amounted to 219 thousand tons. Then follow the ports of Chernomorsk and Odessa. The volume of export shipments from these ports amounted to 193 thousand tons and 151 thousand tons, respectively.

In recent months, the volume of grain transshipment in the ports of Ukraine has decreased by 30%. This is due to a number of factors, including adverse weather conditions, problems with the transportation and export of grain abroad, as well as a reduction in production due to the pandemic.

Many farmers have difficulty storing and marketing their stocks. In the face of a reduction in grain transshipment in ports, product prices are also falling, which negatively affects the income of producers. However, despite the difficulties, many farmers and companies continue to work and look for ways out of this situation.

It is important to note that the reduction in the volume of grain transshipment in the ports of Ukraine is not a long-term trend, and a recovery in grain export volumes is expected in the future. At the same time, this situation emphasizes the importance of developing the domestic market and diversifying export destinations to minimize risks during periods of falling export volumes.