Ukraine's Agricultural Exports Plummet 23% in July Amid Shipping Delays

Ukraine's agricultural exports declined by over 20% in July, with 3.67 million tonnes of products shipped out, compared to 4.77 million tonnes in June.

The drop was mainly due to lower shipments of grains, oilseeds, and oilseed meals, while vegetable oils saw a slight increase.

Grain exports accounted for the largest share, with corn making up nearly half (49.0%) followed by wheat (39.9%) and barley (11.1%).

Oilseed crops exports decreased significantly by 43.7%, primarily due to reduced soybean shipments.

According to Maksym Hopka, UCAB analyst, the decline in exports was expected due to lower shipment volumes and reduced operational intensity at the ports of Greater Odesa during July.