Agricultural consulting agency APK-Inform has reported that in the 2022-2023 season, Ukraine could face a significant shortage of storage space due to a sharp drop in exports caused by the war with Russia.
She explained that Ukraine’s exports could reach 45.5 million tons only from the record 2021 harvest of 86 million tons, and stocks of grain and oilseeds could reach a record level for the current season – 21.3 million tons. She pointed out that “this volume is 4.2 times higher than in the previous season, and will not free up a large share of storage capacity for the new crop.”
Since Moscow launched a so-called “special military operation” in Ukraine on February 24, the country has been forced to export grain by train across its western borders or from its small ports on the Danube River rather than by sea.
Ukraine is one of the largest producers of grains and oilseeds in the world, but its exports have fallen sharply. The Ministry of Agriculture of Ukraine said last week that it exported 763,000 tons of grain in the first 29 days of April 2022, compared to 2.8 million tons in April 2021.
Source: El Iktisad
