Ukrainian agricultural sector losses from port shutdowns in the…
Ukrainian agricultural sector losses from port shutdowns in the so-called Greater Odessa this year could reach up to $3 billion, Ukrainian Minister of Agrarian Policy and Food Taras Vysochansky said.
Consensus
- The direct losses to Ukraine's agricultural sector due to port disruptions may amount to between $1.5 billion and $3 billion.
- Russian attacks on port infrastructure have blocked the operation of Black Sea ports, including Odessa, Yuzhny, and Chornomorsk.
- Alternative export routes via rail, road, and the Danube River can handle only 50–55% of the volume previously exported through Black Sea ports.
- Alternative routes are more expensive, adding $45–50 per ton to the cost of agricultural products.
- The blockade threatens the export of about half of the projected volume of grains and oilseeds this year.
- If unresolved, over 30 million tons of agricultural products may not reach international markets.
- Ukraine is a major global exporter of wheat (about 6%) and corn (about 11%), as well as oilseeds and vegetable oils.
- The situation could lead to higher global food prices, especially affecting poorer countries.
Points of divergence
- The alternative routes will be able to operate stably only by the end of August. — tg_astrapress
- The current situation is more complex than at the beginning of 2022. — vesti
- The average purchase prices for grains and oilseeds in Ukraine have dropped by 30%. — vesti
- Since July 22, no foreign cargo ships have been received or dispatched from Odessa, Yuzhny, and Chernomorsk ports. — tg_tass_agency
- Ukraine has lost $70 million due to the idling of the Greater Odessa ports. — tg_astrapress
Coverage (3 sources)
- Direct losses to Ukraine's agricultural sector this year may amount to $1.5 to $3 billion due to problems with maritime... — ASTRA
- Ukraine assessed losses of the agricultural sector due to port idle time — Вести
- Losses to the Ukrainian agricultural sector from the idle ports of so-called Greater Odessa may this year reach... — ТАСС (Telegram)