Ukraine's grain exports may fall 53% as Russia targets ports, Bloomberg reports
Photo: Ukraine's grain exports could fall by 53% due to Russian attacks on ports (Getty Images)
Ukraine's agricultural exports this season could fall by more than half after Russian attacks disrupted operations at Black Sea ports, according to Bloomberg.
According to Ukraine's Ministry of Agrarian Policy and Food, the country could export around 29.6 million tons of agricultural products in the 2026-27 marketing year, 54% less than the previous estimate of 64.4 million tons.
Meanwhile, wheat exports could decline by 53% to 8.3 million tons compared with the previous forecast.
Ukraine is one of the world's largest grain suppliers, while the agricultural sector generated more than half of the country's export revenue last year.
Russian attacks on the Port of Odesa, which normally handles around 90% of grain shipments, are disrupting these flows, while alternative routes along the Danube are limited by drought, which has caused water levels in the river to fall to record lows.
The new harvest is filling storage facilities and affecting domestic prices. Around 59 million tons of grain storage capacity in Ukraine could be completely filled by early November, while the storage deficit is expected to reach around 11 million tons by the end of autumn.
It should be recalled that earlier we reported that Ukraine's direct losses from lost export revenue will exceed $2 billion. This concerns the second half of 2026.
Recently, Ukrainian Foreign Minister Andrii Sybiha said that the country could resume exports despite the blockade of the maritime corridor.
It was also revealed why Russia is carrying out massive attacks on Ukrainian ports now.
