Corn continues to dominate in Ukrainian agricultural exports

Source:  UkrAgroConsult

In July 2022, Ukraine exported 2.66 million tons of grains, pulses, oilseeds and their processed products (excluding rapeseed), which is 492.7 thousand tons or 22.7% more than in the previous month. This is stated in the notification of the Ministry of Agrarian Policy and Food of Ukraine.

Thus, the export of wheat increased more than 3 times in July – to about 412 thousand tons compared to 138.4 thousand tons that were sent for export in June. This is significantly less than the 960,000 tons of wheat exported from Ukraine in July 2021 at working seaports, but the impact of the new crop is noticeable.

Ukraine shipped 183,000 tons of barley for export, which is an order of magnitude higher than the 26,000 tons of this grain exported a month earlier in connection with the beginning of the early grain harvesting campaign. However, this is less than the 1.1 million tons of barley that were shipped out of the country in July last year.

The actual export of corn increased in July by 84.7 thousand tons compared to June and amounted to 1.1 million tons. For comparison, in July 2021, the export of corn was at the level of 960 thousand tons, because traditionally at this time the season of the Ukrainian was running out of corn. Corn continues to dominate the export of agricultural products, its supply in July accounted for about 41% of the total export of grains, pulses, oilseeds and their processing products, excluding rapeseed. The share of corn began to decrease with the beginning of the season and the harvesting of the new crop.

Ukrainian exporters began to reduce sunflower supplies. So, in July its actual export reached 362.1 thousand tons, which is almost 33% less than in June of this year, because Ukrainian processors began to stock up on raw materials in view of the start of the “grain corridor”. This is still almost twice as much as the total sunflower export of 189.6 thousand tons for the entire previous season.

The supply of soybeans during July amounted to 141.55 thousand tons, compared with almost 71.3 thousand tons in June 2022 and 31 thousand tons of soybeans sent for export in July last year.

At the same time, the export of soybean oil decreased in July to 15,700 tons from 18,000 tons in June. This is also almost 3 thousand tons less than what was shipped to foreign buyers in July 2021.

The actual export of sunflower oil amounted to 307 thousand tons for the month, which is 39.4 thousand tons more than in June. At the same time, it is 9% less than what was exported in July last year.

As for meal, Ukraine shipped 141.5 thousand tons to foreign markets in July, which is 48.3 thousand tons more than in June. This is also significantly less than the indicators of July last year, when the export of sunflower meal alone amounted to 233.6 thousand tons.

Tags: , , , , , ,

Got additional questions?
We will be happy to assist!

What You Need to Know about Black Sea Region.

The latest on what’s moving agro markets, in your inbox