Export of agricultural products in the first two weeks of March amounted to 3.8 million tons

The expected increase in the export of agricultural products did not occur. This is due to the drop in demand in Ukrainian ports against the background of russia’s efforts to disrupt the continuation of the “Grain Agreement”.

During the first two weeks of March, the export of agricultural products increased almost imperceptibly. Most of the food was exported through sea and river ports — 3 million tons. 508.3 thousand tons of food were sent by rail, 248.2 thousand tons by road, and 55.3 thousand tons by ferries.

In 15 days of March, Ukraine sent 2 million tons of corn abroad — 250,000 tons more than in the same period in February. This was reported by the Committee on Agrarian and Land Policy.

Growth also occurred in rapeseed supplies. During the 15 days of March, Ukraine exported 39,600 tons of this crop — 5,000 tons more than in the first two weeks of February.

The same slight increase applies to shipments of sunflower oil — the indicator differs by 18,000 tons. The export of oil for half a month is 248.1 thousand tons.

The supply of sunflower seeds in March increased by 25,000 tons to 108,000 tons. The export of soybean oil increased from 11.5 thousand tons to 14 thousand tons.

At the same time, wheat shipments decreased by 153,000 tons. Currently, grain export figures amount to 827,000 tons.

Also, meal shipments decreased by almost 80,000 tons: 165,800 tons in the first half of March against 246,000 tons in two weeks of February.

The general picture of the volume of export agricultural products for the 15 days of March is as follows:

• the share of exported corn is 53.3%;

• the share of wheat reaches 21.7%;

• sunflower oil — 6.5%;

• beans — 5.9%;

• meal — 4.3%;

• barley — 4%;

• sunflower seeds — 2.8%;

• rapeseed — 1.04%;

• soybean oil — 0.4%.

In just 15 days of March, Ukraine exported 3.8 million tons of agricultural products. For comparison, in the first half of February, 3.7 million tons of food were sent for export. Recall that due to russia’s attempts to disrupt the Black Sea Initiative, the demand for Ukrainian grain in the ports of Great Odesa and the Danube fell. Uncertainty about the “Grain Agreement” has led to a drop in in wheat and corn prices.