Economy

The grain agreement expires in less than 60 days. Currently, there is a question about the continuation of the initiative.

Russia’s full-scale invasion affected every part in Ukraine’s state machine. Export — one of the most important drives of the Ukrainian economy — was under threat of destruction. Everyone suffered losses – farmers, shippers and buyers, but Ukraine withstood and continues to accept the challenges of wartime, despite the enemy’s efforts to destroy, in particular, its grain industry, from seaports to elevators.

Since the start of the “Grain Initiative”, freight rates on the Danube have fluctuated at the level of €30 per ton.

Analysts have estimated that the export of corn from Ukraine in the 2022/23 marketing year will amount to 23 million tons.

In total, Ukrainian farmers received 31,000 sleeves for grain storage from FAO.

During the last week, freight rates from ports in Azov-Black Sea have decreased.

SE “Bilhorod-Dnistrovskyi Sea Trade Port” won the court case against FOP “Zadorozhnyi M.P.” The port has terminated lease contracts for special equipment and will return its property.

In December 2022, Kernel Agroholding purchased a sunflower oil transshipment terminal in the Pivdennyi port for $19.8 million.

The UN World Food Program will increase cooperation with Ukraine in 2023.

The European Business Association (EBA) calls on the UN and Turkey to increase the number of inspections of ships with Ukrainian food.