Ukraine in the 2023-2024 marketing year, ending June 30, 2024, exported 57.5 million tons of grains and oilseeds from a harvest of 82.8 million tons, with transitional stocks of about 7 million tons, the Ukrainian Grain Association (UGA) said.
“Last season, the most important factor for Ukrainian grain exports was the opening of the Ukrainian Humanitarian Corridor, which allowed exports by sea from the deep-water ports of Odessa. The second most important factor was the introduction by Ukraine together with international partners of a working mechanism of insurance of ships entering Ukrainian ports, which reduced the cost of exporters and, accordingly, Ukrainian agricultural producers on export logistics”, – said the association.
According to UZA analysts with reference to the information of the State Customs Service, in monetary terms exports of grains and oilseeds in 2023/2024 MY amounted to $10.76 billion, and exports including products from them, including sunflower oil and other oils, cakes and meal, amounted to $17.86 billion.
Wheat exports totaled 18.4 million tons worth $3 billion, with production of about 22 million tons. The top 3 importing countries of Ukrainian wheat included Spain, which purchased 5.899 million tons, Egypt – 1.721 million tons, Indonesia – 1.515 million tons.
Barley Ukraine supplied abroad almost 2.5 million tons for $376 million, with production of 5.8 million tons. The most active buyers were China – 702 thousand tons, Indonesia – 460 thousand tons, Cyprus – 221 thousand tons.
Last season Ukraine exported 29.3 million tons of corn worth $4.7 billion, while last year’s production was 29.6 million tons. Its main buyers were Spain – 6.011 million tons, China – 4.832 million tons, Egypt – 3.874 million tons.
Nearly 3 million tons of soybeans were sold to other countries for the amount of $1.1 billion, with a harvest of 4.9 million tons. The top 3 buyers were Egypt – 956 thousand tons, Turkey – 674 thousand tons, Germany – 235 thousand tons.
