Business news from Ukraine

UKRAINE SINCE BEGINNING OF NEW 2020/2021 MARKETING YEAR EXPORTS 12.2 MLN TONNES OF GRAIN

Ukraine since the beginning of the new 2020/2021 marketing year (MY, July-June) and as of October 2 had exported 12.15 million tonnes of grain and legumes, which is 1.61 million tonnes less (due to corn) than on this date in the past MY.

According to the information and analytical portal of the agro-industrial complex of Ukraine, to date, 8.56 million tonnes of wheat, 2.88 million tonnes of barley and 680,000 tonnes of corn (1.39 million tonnes less) have been exported.

As of October 2 of this year, 50,300 tonnes of flour were also exported.

As reported, Ukraine exported a record 57.2 million tonnes of grain, legumes and flour in the 2019/2020 MY, which is 13.5% more than in the previous MY.

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NATIONAL BANK OF UKRAINE EXPECTS GRAIN HARVEST IN 2020 AT 70 MLN TONNES

The National Bank of Ukraine (NBU) expects a grain harvest in 2020 at the level of 70 million tonnes instead of the projected 70-72 million tonnes, Deputy Governor of the NBU Dmytro Sologub has said.
“We predicted that Ukraine will harvest 70-72 million tonnes of grain. Given the rather significant revision of data on the harvest of early grains (wheat and barley) downward compared to the recent statistics, at the moment we expect about 70 million tonnes,” he said in an exclusive interview with the Interfax-Ukraine agency.

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MINISTER OF ECONOMIC DEVELOPMENT FORECASTS GRAIN HARVEST TO BE 68 MLN TONNES

Minister of Economic Development, Trade and Agriculture Ihor Petrashko considers it unlikely that the forecast for 2020 for the grain harvest in Ukraine will be revised downward.
“At the beginning of April, we forecasted… 72 million tonnes for grains. Now, assuming that wheat and sunflower harvesting has been completed, and corn harvesting begins, the forecasts, unfortunately, will be lower. We believe that there will be 68 million tonnes. Probably, there will be no more active revisions,” the minister said, answering a question from Interfax-Ukraine at a press conference held at the news agency on Tuesday.
As reported, the Ministry of Economic Development, Trade and Agriculture lowered the forecast for the grain harvest in 2020 from 70 million tonnes to 68 million tonnes due to lower indicators for corn. Thus, the ministry predicts the corn harvest in 2020 at 33 million tonnes.

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UKRAINE EXPORTS 9.4 MLN TONNES OF GRAIN

Since the beginning of the new 2020/2021 agricultural year (July-June) and as of September 14, Ukraine exported 9.44 million tonnes of cereals and legumes, which is 1.68 million tonnes less (due to corn) than on this date last agri-year.
According to the information and analytical portal of the agro-industrial complex of Ukraine, to date, 6.33 million tonnes of wheat, 2.47 million tonnes of barley and 0.61 million tonnes of corn (1.28 million tonnes less) have been exported.
As of September 14 this year, 40,900 tonnes of flour were also exported.
As reported, in the 2019/2020 agri-year Ukraine exported a record of 57.2 million tonnes of grains, legumes and flour, which is 13.5% more than in the previous agri-year.

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UKRAINE EXPORTS 9.2 MLN TONNES OF GRAIN IN NEW MARKETING YEAR

Ukraine since the beginning of the new 2020/2021 marketing year (MY, July-June) and as of September 11 had exported 9.21 million tonnes of grain and legumes, which is 1.14 million tonnes less (due to corn) than on this date in the past MY.

According to the information and analytical portal of the agro-industrial complex of Ukraine, to date, 6.17 million tonnes of wheat, 2.4 million tonnes of barley and 610,000 tonnes of corn have been exported.

As of September 11 this year, 40,200 tonnes of flour were also exported.

As reported, Ukraine exported a record 57.2 million tonnes of grains, legumes and flour in the 2019/2020 MY, which is 13.5% more than in the previous MY.

UKRAINE IN 2020 COULD HAVE SECOND LARGEST GRAIN AND OILSEEDS HARVEST

The Ukrainian Grain Association (UGA) in its September report lowered the forecast for the gross harvest of grains and oilseeds this season from 96.7 to 95.6 million tonnes, exports from 58.4 to 56.3 million tonnes due to unfavorable weather conditions for the harvest of late crops in some regions of Ukraine.
“Even after lowering the forecast for the harvest, its figure may be the second in terms of gross harvest after last year’s record – 98 million tonnes, the same can be said about the possible export volumes,” the association said in a press release posted on its website on Wednesday.
So, this year, according to UGA, farmers harvested 26.6 million tonnes of wheat (UGA forecast was at 26.8 million tonnes) and 8.3 million tonnes of barley (UGA predicted 8.2 million tonnes). According to the association’s forecasts, wheat exports this season may reach 17.5 million tonnes (in accordance with the signed memorandum), and barley may reach 4.5 million tonnes.
In addition, UGA slightly lowered its forecast for the corn harvest this season in the September report compared to the previous forecast in August from 36.4 million tonnes to 35.3 million tonnes due to unfavorable dry weather conditions in the southern and partly central regions of Ukraine.
According to UGA experts, farmers will not harvest corn for grain on an area of 205,000 hectares, which is 3.8% of the total area under corn. In other regions, which are the main corn producers, the harvest situation is satisfactory and good, and they are not experiencing critical losses.

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