The Ministry of Agrarian Policy predicts $20B in grain export revenue.

Wednesday, August 10, 2022
The Ministry of Agrarian Policy predicts $20B in grain export revenue.

Extrapolating average statistical prices in the world food market, Ukraine expects to receive at least $20B from grain exports this year. According to Deputy Minister of Agricultural Policy Taras Vysotsky, this revenue will be directly facilitated by the grain corridor, which is already operating in both directions. Vysotsky claims that the three Ukrainian ports will be able to serve 80 vessels per month, which amounts to one ship departing each seaport daily. This level of ship traffic will allow 3-3.5 million tons of harvested grain to leave Ukraine each month. For now, this is quite an optimistic indicator and a positive signal for stabilizing prices in the domestic market.

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