Ukraine reduced grain supplies to world markets in August

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Ukraine decreased its grain exports by a quarter on an annual basis in August and by 2% compared to July. RIA News.

According to the Ministry of Agriculture and Customs of Ukraine, grain supplies last month fell to 2.25 million tons. On an annual basis, this decrease was 24%.

It was announced that despite price fluctuations in the grain market, Ukraine’s export revenues remained at the same level: $385 million compared to $380.4 million in the previous month. According to RIA Novosti’s analysis, there was a 35% decrease during the year.

Before reportedIt was stated that in July, after Russia withdrew from the grain agreement, Ukraine’s grain exports fell 1.4 times and the country’s income fell by almost half.

On July 17, 2023, the grain agreement expired. Russian President Vladimir Putin emphasized that Russia is ready to return to participation in the agreement if restrictions on agricultural exports are lifted.

Formerly at the Russian Ministry of Foreign Affairs stated It’s about the lack of progress on the grain agreement.

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