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Ukraine Ports Under Fire: Grain Exports Plummet
24 Dec
Summary
- Russian attacks on Ukraine's ports have severely reduced export capacity this month.
- Wheat, corn, and sunflower oil exports are significantly lower than contracted amounts.
- Logistics routes to Danube River ports have also been damaged, impacting trade.
Intensified Russian attacks on Ukraine's vital port infrastructure this month have already negatively impacted the nation's food exports. The Ukrainian Agri Council (UAC) reported a surge in drone and missile strikes on Odesa region ports, significantly reducing export capacity.
Consequently, some wheat exporters have defaulted on contracts, and at least one major export port is operating at a fraction of its capacity. Damaged logistics routes to Danube River ports further exacerbate the situation, affecting alternative export channels that had helped compensate for earlier war-related blockades.
As of December 22, wheat exports stood at 375,000 metric tons out of 1 million contracted, corn at 1.5 million out of 2 million, and sunflower oil at 275,000 out of 410,000. These figures represent a sharp decline compared to December of the previous year, indicating a significant threat to Ukraine's trade and global food supply.
