Ukraine achieves record war-time grain exports record

Chamber of Shipping > Blog > News > Ukraine achieves record war-time grain exports record

Ukraine’s grain exports have seen a significant increase, with a 30% rise year-on-year in February to 5.4 million tonnes, marking the highest level since the conflict began two years ago. This comes after more than 1,000 merchant ships successfully navigated Ukraine’s new grain corridor in the Black Sea over the last seven-and-a-half months. The corridor, established after Russia withdrew from the UN-backed Black Sea Grain Initiative, has proven more effective than its predecessor. Ships utilizing this route depart from the ports of Odesa, Chornomorsk, and Yuzhny, either traveling via the Danube or along the coastlines of Bulgaria and Romania to reach global markets. This boost in exports is attributed to Ukraine’s strategic military use of drones to diminish the Russian navy’s presence in the Black Sea, facilitating safer passage for grain shipments. Ukraine is projected to have an exportable surplus of about 50 million tonnes in the 2023/24 crop year, with the majority expected to be shipped via sea.

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