Ukraine will export over 60 mln tons of grain and oilseeds in 2024/25 MY

UkrAgroConsult

In the next MY (from July 2024), Ukraine may export more than 60 million tons of grains and oilseeds and their products. This was reported by the press service of the Ministry of Agrarian Policy and Food of Ukraine.

“After two years of full-scale war, Ukraine has managed to equalize the market balance of production and export of major crops. This became possible due to the resilience of agricultural producers and the development of logistics. Ukraine is finishing the current marketing year 2023/2024 with the ending stocks of agricultural products at the average level, as it was before 2022. In the next marketing year, agricultural exports will exceed 60 million tons. This proves that Ukraine remains a guarantor of global food security,” said Taras Vysotskyi, Acting Minister of Agrarian Policy and Food of Ukraine.

The new harvest is expected to produce nearly 56 million tons of grain crops. This includes 21 million tons of wheat, about 5 million tons of barley, and 28.5 million tons of corn.

Total grain exports are forecast at 43 million tons. In particular, wheat – 15 million tons, barley – 2.5 million tons, corn – about 25 million tons.

Oilseeds production is expected to reach 22 million tons. In particular, rapeseed is expected to produce 4 million tons, sunseed – about 13 million tons. The soybean harvest is expected to reach 5 million tons, which will be a record high in Ukraine’s history.

Exports of oilseeds and their products are expected to exceed 17 million tons.

Tags: corn, export, grain, barley, soybean, oilseeds, wheat, sunseed, rapeseed, crop forecast, Ukraine