Ukraine seeks grain exports: After the conflict between Russia and Ukraine, it not only directly affected Ukraine’s grain cultivation, but also restricted Ukraine’s existing grain exports. Ukrainian Deputy Agriculture Minister Taras Vysotsky said Ukraine has 13 million tons of corn and 3.8 million tons of wheat in stockpiles, but because of the Russian-Ukrainian conflict, ports are blocked and these grains cannot be exported.
In 2021, the total global wheat exports will be 206 million tons, with Russia and Ukraine accounting for 29%, corn exports between the two countries accounting for 19% of the world’s exports, and sunflower oil exports accounting for 80% of the world’s share. More than 90 percent of Ukraine’s grain exports are shipped overseas through Black Sea ports.
A month after the Ukrainian-Russian war began, international wheat prices jumped 36 percent. World Bank President Malpass pointed out on April 20 that “food prices have risen by 37% compared with the same period last year!” and issued a warning that the current food security crisis will continue for several months and may even last into next year.
The good news is that the Prime Minister of Poland recently met with the Prime Minister of Ukraine in Krakow. The heads of government of the two countries signed a memorandum of cooperation. “We have signed an agreement under which Polish and Polish companies will mediate Ukraine’s grain trade with the rest of the world,” Morawiecki said. Despite Russia’s blockade of ports, the initiative aims to meet Ukraine’s needs in the freight sector. Global grain prices are expected to fall.
Ukraine seeks grain exports, which seems will be solved very soon. Reported by “Spirit”.