SME Times is powered by   
Search News
Just in:   • PM Modi to interact with India’s vibrant startup ecosystem  • Indian stock markets remain closed for Maharashtra civic elections  • S. Korea's auto exports hit record $72 billion in 2025  • HM Shah lays foundation stone for India's first state-run BSL-4 lab in Gandhinagar  • Gold prices eye fresh record high, silver skyrockets after softer US inflation data 
Last updated: 04 Aug, 2022  

EU.Thmb.jpg EU plans to shore up alternative routes for Ukrainian grain exports

EU.Flag.jpg
   Top Stories
» PM Modi to interact with India’s vibrant startup ecosystem
» Indian stock markets remain closed for Maharashtra civic elections
» Gold prices eye fresh record high, silver skyrockets after softer US inflation data
» Sensex, Nifty open lower over FII outflows, crude prices rise
» 25 pc US tariffs over trading with Iran: What it means for India
IANS | 04 Aug, 2022
Despite the resumption of grain exports from Ukraine's Black Sea ports under a UN and Turkish-brokered deal between Moscow and Kiev, the European Union (EU) intends to continue its efforts to create alternative freight routes for Ukrainian grain exports.

Despite the re-opening of maritime routes, an immediate return to pre-war levels of Ukrainian exports remains challenging and alternative export routes are still crucial, an EU Commission official told dpa news agency.

European Commissioner for Transport Adina Valean stressed that there was "room for improvement", in the alternative routes being worked on, citing a lack of freight wagons, barge operators and storage facilities for Ukrainian produce.

According to the European Commission, Ukraine was the world's largest exporter of sunflower oil, the third largest exporter of rapeseed and barley, the fourth largest exporter of maize, and the fifth largest exporter of wheat before the beginning of Ukraine's invasion by Russia in February.

However, hopes are currently pinned on the agreement with Russia enabling a resumption of regular Ukrainian agricultural exports via the Black Sea.

According to EU figures, before the war, up to 5 million tonnes of grain passed through Ukraine's Black Sea ports each month.

Reaching that level again in the near future is considered highly unlikely, however, with the first ship to leave the port of Odessa under the UN deal carrying just 26,000 tonnes of maize.
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
₹91.25
₹89.55
UK Pound
₹122.85
₹118.85
Euro
₹107.95
₹104.3
Japanese Yen ₹59 ₹57.1
As on 29 Dec, 2025
  Daily Poll
What is your biggest hurdle to scaling right now?
 Cash flow issues
 Material costs
 Finding leads
 Adopting AI
 Hiring Talent
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter