Despite the ongoing war and farmer protests, market analysts note a recent surge in Ukraine’s grain exports. This surprising increase has caught the attention of market analysts, including a chief strategist with Allendale, who attributes it to Ukraine’s ability to offer significantly lower prices compared to major competitors like the U.S. and Brazil.
Ukrainian grain can be acquired and shipped at remarkably low prices, ranging from $10 to $18 per metric ton. However, while this export surge is remarkable, experts caution that it may not impact market dynamics. Expectations are tempered considering that these reported increases are relative to last year’s figures, which were notably depressed due to the conflict
Despite the challenges posed by the ongoing war and farmer protests, Ukraine’s ability to maintain and increase its grain exports underscores its resilience in the face of adversity.
