Ukraine exported grains and oilseeds worth $10.76 bln in MY 2023/2024 – UGA

Ukraine exported 57.5 million tons of grains and oilseeds in the 2023-2024 marketing year, which ended on June 30, 2024, out of a harvest of 82.8 million tons, while carryover stocks amounted to about 7 million tons, the Ukrainian Grain Association reports.

“Last season, the most important factor for the export of Ukrainian grain was the opening of the Ukrainian Humanitarian Corridor, which allowed exports by sea from the deep-water ports of Odesa region. The second most important factor was the introduction by Ukraine, together with international partners, of a working mechanism for insurance of ships entering Ukrainian ports, which reduced the costs of exporters and, accordingly, Ukrainian agricultural producers for export logistics,” the association noted.

According to the UGA analysts, referring to the information of the State Customs Service, in monetary terms, the exports of grains and oilseeds in 2023/2024 MY amounted to $10.76 bln, and exports including products from them, including sunflower oil and other oils, cake and meal – $17.86 bln.

Wheat exports amounted to 18.4 million tons worth $3 billion, with production of about 22 million tons. The top 3 importing countries of Ukrainian wheat were Spain, which purchased 5.899 mln tons, Egypt – 1.721 mln tons, and Indonesia – 1.515 mln tons.

Ukraine exported almost 2.5 mln tons of barley for $376 mln, against the production of 5.8 mln tons. The most active buyers were China – 702 thousand tons, Indonesia – 460 thousand tons, and Cyprus – 221 thousand tons.

Last season, Ukraine exported 29.3 million tons of corn worth $4.7 billion, compared to last year’s production of 29.6 million tons. Its main buyers were Spain – 6.011 million tons, China – 4.832 million tons, and Egypt – 3.874 million tons.

Almost 3 mln tons of soybeans were sold to other countries for $1.1 bln, with a harvest of 4.9 mln tons. The top 3 buyers were Egypt – 956 thsd tonnes, Turkey – 674 thsd tonnes, and Germany – 235 thsd tonnes.

Ukraine exported 3.7 mln tons of rapeseed worth $1.4 bln, compared to last year’s production of 4.5 mln tons. The most active buyers were Germany – 1.226 mln tons, Romania – 609 thsd tonnes, and the Netherlands – 420 thsd tonnes.

Tags: Ukraine, export, grain, UGA