Ukraine's Grain Exports Hit Hard by Black Sea Port Shutdowns

Ukraine's agricultural sector is facing increased costs for grain exports due to Black Sea port shutdowns. The logistics cost has risen by around $50 per ton since the ports were halted, according to Agriculture Minister Taras Vysotskyi.

This increase could eventually reach $70 per ton compared to pre-shutdown levels.

As a result of the restrictions on seaborne exports, Ukraine is redirecting cargoes to alternative routes such as rail, road, and the Danube. However, these routes can only handle 45-50% of Ukraine's annual agricultural exports under favorable conditions.