Russian shelling of Ukraine’s seaports is negatively impacting the country’s export rates, particularly for grain crops. According to Deputy Minister of Economy Taras Vysotsky, during periods of intense attacks, monthly shipment volumes decrease by 20-30%, leading to significant stocks of unsold products. Estimates suggest that the volume of accumulated grain could reach up to 10 million tons.
This is reported by Finway
Consequences for the Agricultural Sector
The reduction in export volumes has tangible economic consequences for producers, as they do not receive foreign currency earnings for products that remain in warehouses. However, as Vysotsky noted, this situation is not critical for the market, but it has significant economic implications.
“This is not a critical volume for the market, but it is economically significant because it represents products for which producers and the state have not received foreign currency earnings,” Vysotsky stated.
The Key Role of Maritime Exports
The majority of grain and oilseed exports from Ukraine are conducted by sea—over 90% of the total volume. Another 7-8% of products are transported by rail, while the remaining volumes are moved by road. According to the official, the maritime corridor remains the main logistical route, ensuring maximum transportation volumes and being the most cost-effective in terms of agricultural export costs.