Ukraine Lowers Export Prices Amid Port Infrastructure Shelling

The Ministry of Agrarian Policy in Ukraine has adjusted its minimum allowable export prices for grain and oilseed crops due to ongoing logistical complications caused by Russia's shelling of port infrastructure.

In August, a resolution was adopted that changes the procedure for approving these prices. A coefficient of 0.714 will be applied relative to the base estimate when determining minimum allowable export prices for certain types of products, including wheat, rye, barley, oats, corn, soybeans, and sunflower seeds.

This adjustment aims to ensure the stability of agricultural exports and support domestic farmers in the face of increased costs and reduced export volumes. The average daily volume of shipments has decreased to 48 thousand tons, which is three times lower than the figure for the first half of July.