Dynamics of prices for main agricultural products in structure of Ukraine’s export in 2020-2022
NBU
Ukraine has exported 15.95 million tons of grain crops since the beginning of the 2022/2023 marketing year (MY, July-June) and through November 18, including 8.44 million tons of corn (52.9% of total supplies), 6.14 million tons of wheat (38.5%) and 1.31 million tons of barley (8.2%).
As reported on the website of the Ministry of Agrarian Policy and Food on Friday, the rate of grain exports since the beginning of this MY is 31.2% lower than the same period last MY (from July 1, 2020 to November 18, 2021, 23.2 million tons were delivered abroad), although back on November 14 lag was minimal for the past few months at 30.6%.
According to the Ministry, from the beginning of 2022/2023 MY and until November 18, 2022, Ukraine exported 6.14 million tons of wheat (2.23 times less than the same period a year earlier), 1.31 million tons of barley (3.72 times less), 11.2 thousand tons of rye (6.8 times less) and 47.6 thousand tons of flour (1.4% less). At the same time, the rate of corn exports exceeded last year’s volume: 8.44 million tons were exported, which is 1.95 times higher than in 2021/2022 MY on the same date.
It is specified that since the beginning of November, Ukraine exported 2.75 million tons of grain crops, including 1.14 million tons of wheat, 1.39 million tons of corn, 199 thousand tons of barley, 5 thousand tons of rye and 9.2 tons of flour.
As follows from the Ministry data, during the last reporting period, November 14-18, 212.5 thousand tons of grain were supplied to the foreign markets on average per day, while during the preceding period of November 7-14 – 118.6 thousand tons per day, November 2-7 – 178 thousand tons per day, October 26-November 2 – 170 thousand tons per day, and October 21-26 – 132 thousand tons per day. Thus, the average daily rate of exports during the reporting period of November 14-18 has increased by 1.8 times compared to the previous period of November 7-14.
As reported, Ukraine exported 48.51 million tons of grains and leguminous crops in 2021/2022 MY, which is 8.4% higher than during the previous MY, despite the full-scale invasion of Russia and the difficulties with the export of agricultural products due to the blockade of Ukrainian seaports. 18.74 million tons of wheat (12.6% more than in 2020/2021MY), 23.54 million tons of corn (+1.9%), 5.75 million tons of barley (+35.9%), 70.9 thousand tons of flour (-44.1%) were supplied to foreign markets.
In 2020/2021 MY, the country exported 44.72 million tons of cereals and legumes: 16.64 million tons of wheat, 23.08 million tons of corn, 4.23 million tons of barley, 126.9 thousand tons of flour and 18.4 thousand tons of rye.
In 2019/2020, Ukraine exported 56.72 million tons of grain and leguminous crops.
War and the decline of the domestic market force the Ukrainian business to pay maximum attention to expanding exports and entering foreign markets, TAS Group founder Serhiy Tihipko said.
“Now we are starting to create a project as a monobank in Poland – it is a unique product,” he said at the Kiev International Economic Forum (KIEF) in Kiev on Thursday.
Tigipko recalled that currently monobank has 6.5 million customers and a significant part of them abroad.
The businessman said that before the war he did not pay enough attention to the development of export opportunities. “Those businesses that I had focused on the domestic market are a problem,” he described the current situation.
At the same time, Tigipko said that in war conditions it is possible to increase exports, in particular, the group’s wagon building companies have signed two contracts for Europe, one – a startup for the construction of innovative cars.
According to him, apple concentrate, metalware and nails have good prospects.
The businessman also noted the importance of diversification. “We have both industrial and financial (sectors), and agriculture – diversification has worked. I believed in it and I believe in it now,” he stressed.
Tihipko also complained that before the war, he did not pay enough attention to the reserves in case of crises. According to him, if there were more of them, now he could make more profitable deals, but he already bought 49% in one of the companies from one of the partners, and before that he bought a share from another partner because “people are rushing around”.
TAS Group was founded in 1998. The sphere of its business interests covers the financial sector (banking and insurance segments), industry, real estate, venture projects.
Mining enterprises of Ukraine in January-October of this year reduced the export of iron ore raw materials (IORM) in kind by 38.9% compared to the same period last year – up to 22 million 436.474 thousand tons.
According to statistics released by the State Customs Service (STS), over the specified period, foreign exchange earnings from the export of iron ore decreased by 56.2% – to $2 billion 768.743 million.
During the specified period, IORM was imported to Ukraine for $42 thousand in a total volume of 74 tons, while in January-October 2021 – for $160 thousand in a total volume of 1.175 thousand tons.
As reported, Ukraine in 2021 reduced the export of iron ore raw materials (IORM) in physical terms by 4.2% compared to 2020 – up to 44 million 357.727 thousand tons, but increased revenue by 62.8% – up to $6 billion 899.816 million The export of iron ore was carried out mainly to China (41.90% of supplies in monetary terms), the Czech Republic (9.65%) and Poland (7.99%).
Last year, IORM was imported to Ukraine for $184 thousand in a total volume of 1.202 thousand tons, while in 2020 123 tons of iron ore for $75 thousand were imported. Imports for 2021 were carried out from Egypt (55.98%), the Netherlands ( 21.2%) and Poland (7.07%).
According to customs statistics released by the State Customs Service of Ukraine, the export of aluminum and aluminum products for 10 months of 2022 from Ukraine decreased by 39.1% compared to January-October 2021 – to $83.556 million (in October – $7.695 million), and lead and lead products by 69.5% – to $9.769 million ($0.4 million), nickel and nickel products – by 72.5%, to $1.086 million ($0.007 million).
At the same time, exports of aluminum and aluminum products for 2021 increased by 53.9% to $169.094 million, lead and lead products by 52.8% to $38.229 million and nickel and nickel products by 55% to $4.856 million.
Ukraine from the beginning of 2022/2023 marketing year (July-June) until November 7, exported 14.27 million tons of cereals, including 7.66 million tons of corn (53.8% of total supplies), 5.39 million tons of wheat (37.8%) and 1.17 million tons of barley (8.1%).
As reported on the website of the Ministry of Agrarian Policy and Food on Monday, the rate of grain exports from the beginning of this year is by 30.7% lower than during the same period last year (from July 1 to November 7, 2021 20.61 million tons were delivered abroad).
According to the Ministry, Ukraine exported 5.39 million tons of wheat (2.39 times less than the same period last year), 1.17 million tons of barley (3.85 times less), 6.3 thousand tons of rye (11 times less) and 38.4 thousand tons of flour (12.1% less) from the beginning of 2022/2023 MY until November 7, 2022. At the same time, exports of corn exceeded last year’s volume – 7.66 million tons were exported, which is 2.61 times more than it was in 2021/2022 MY on the same date.
It is specified that since the beginning of November, Ukraine exported 1.07 million tons of grain crops, including 388 thousand tons of wheat, 606 tons of corn, 67 thousand tons of barley and 2.9 tons of flour.
As it follows from the Ministry data, during the period of November 2-7, an average of 178 thousand tons of cereals per day were supplied to the foreign markets, whereas during the preceding period of October 26 – November 2 – 170 thousand tons per day, October 21-26 – 132 thousand tons per day, October 1-21 – 141.5 thousand tons per day, and during September 26-30 – a record 267.5 thousand tons per day since the war. Thus, the average daily rate of exports during the reporting period of 2-7 November increased by 4.7% compared to the preceding period of October 26-November 2.
As reported, Ukraine exported 48.51 million tons of grain and leguminous crops in 2021/2022 MY, which is 8.4% more than in the previous MY, despite the full-scale invasion of Russia and the difficulties with the export of agricultural products due to the blockade of Ukrainian sea ports. 18.74 million tons of wheat (12.6% more than in 2020/2021MY), 23.54 million tons of corn (+1.9%), 5.75 million tons of barley (+35.9%), 70.9 thousand tons of flour (-44.1%) were supplied to foreign markets.
In 2020/2021 MY, the country exported 44.72 million tons of cereals and legumes: 16.64 million tons of wheat, 23.08 million tons of corn, 4.23 million tons of barley, 126.9 thousand tons of flour and 18.4 thousand tons of rye.
In 2019/2020, Ukraine exported 56.72 million tons of grain and leguminous crops.
