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In March Ukraine set a record for the export of agricultural products since the beginning of the war.

The extension of the grain initiative has caused a collapse in global prices for wheat and corn.

Large international transportation vessel in the port, loading grain during sunrise for export in the sea waters.

Ukraine shipped 7.8 million tons of farm products last month, which is 12% more than in February. This is the largest figure since the beginning of the war, said the Ukrainian Agrarian Business Club. Furthermore, 51% of exports in March went through the grain corridor, and the rest traveled through alternative routes.

The structure of agricultural exports in March is as follows: grain crops 5.7 million tons (+10% to February), oil crops – 683,100 tons (+23%), vegetable oils – 556,200 tons (+28%), and oil extraction cake – 454,700 tons (+10%).

In March, growth was demonstrated in all groups of agricultural products, which is a positive trend. Experts drew attention to the main problem, which is the large gap between the world price and the price on the Ukrainian market for the main crops.

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