Business news from Ukraine

Business news from Ukraine

Ukraine in 2022 became ninth largest wheat producer in the world

Ukraine at the end of 2022 became the ninth largest producer of wheat with the indicator of 20.5 million tons, which is a third lower than last year’s figures due to the full-scale military aggression unleashed by Russia.

As reported on the site Finance.yahoo, Ukraine this season is ahead of China (138 million tons), the EU (134.7 million tons), India (103 million tons), Russia (91 million tons), the United States (44.9 million tons), Canada (35 million tons), Australia (33 million tons) and Pakistan (26.4 million tons) in wheat production.

In turn, Ukraine produced more wheat than Argentina (17.5m t), Turkey (17.25m t), Britain (14.6m t), Iran (13.2m t), Kazakhstan (13m t), Egypt (9.8m t), Brazil (9.2m t) and Uzbekistan (6.6m t).

According to the publication, the total area of wheat planted in 2022 exceeded 220 million hectares worldwide. Wheat is produced by both developed and developing countries. Developed regions account for 50% of the world’s wheat production, and the total area sown is 53%. About 70% of the wheat produced in the world is used as food, 20% – for livestock, and 2-3% – in industry.

As reported, Ukraine in 2021 harvested a record crop of cereals, legumes and oilseeds in the amount of 106 million tons: cereals and legumes – 84 million UAH, and oilseeds – 22.6 million tons.

A total of 32.4 million tons of wheat, 40 million tons of corn, 10 million tons of barley, 581.5 thousand tons of peas, 191 thousand tons of millet and 110 tons of buckwheat were harvested last year. Sunflower harvest amounted to 16.3 million tons, soybeans – 3.4 million tons and rapeseed – 2.9 million tons.

44 thousand tons of Ukrainian wheat to Kenya

Ports of Greater Odessa on Tuesday shipped 129 thousand tons of agricultural products as part of the “Grain Initiative”, the Ministry of Infrastructure of Ukraine reported.
“Today a caravan of four ships left the ports of Greater Odessa, which will deliver 129 thousand tons of agricultural products to Africa, Asia and Europe. In particular, the bulk carrier Ince Atlantic with 44 thousand tons of Ukrainian wheat for Kenya”, – indicated the Ministry.
According to him, in the ports involved in the “Grain Initiative”, 27 ships are under the processing, they are loaded with 1 million tons of Ukrainian agricultural products.
Also in the “grain corridor” there are two vessels with the loading of 63 thousand tons of agricultural products.
A total of 569 vessels have left the ports of Greater Odessa since August 1, exporting 14.3 million tons of Ukrainian foodstuffs to Asia, Europe and Africa.

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3 bulkers to carry Ukrainian corn, wheat and vegetable oil to Europe

Three bulkers loaded with corn, wheat and vegetable oil departed from Ukrainian ports on Sunday, the Joint Coordination Centre (JCC) said.
“The Joint Coordination Centre (JCC) reports that three vessels left Ukrainian ports today [December 18], carrying a total of 54,464 tonnes of grain and other food products under the Black Sea Grain Initiative,” the JCC said.
MV Lady Ayana (25,250 tonnes of corn) and MV Barbaros Hayrettin V (5,214 tonnes of vegetable oil) are destined for Italy. MV AK Halima is transporting 11,100 tonnes of wheat and 11,900 tonnes of corn to Spain.
“Grains that reach a destination may go through processing and be trans-shipped to other countries,” the JCC said.
Five ships, which transited the maritime humanitarian corridor on Sunday, are headed to Ukrainian ports.
“As of 18 December, the total tonnage of grain and other foodstuffs exported from the three Ukrainian ports is 14,194,211 tonnes. A total of 1,128 voyages (565 inbound and 563 outbound) have been enabled so far,” the JCC said.

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Vessel from Ukraine to deliver wheat to Indonesia

A dry cargo ship with more than 71,000 tons of wheat left a Ukrainian port on Thursday, the Joint Coordination Center (JCC) reported.
“On December 15, the vessel Star Emerald left the port of Pivdenniy, it is carrying a total of 71,400 tons of wheat to Indonesia as part of the Black Sea Grain Initiative,” the report said.
Two dry-cargo ships Sea Bridle and Tuo Fu 8, which passed through the sea humanitarian corridor on December 15, are heading to Ukrainian ports.
69 vessels capable of exporting about 2.5 million tons of food are awaiting permission to enter Ukrainian ports, while 21 loaded vessels are preparing to be inspected to proceed further to their destinations.
“As of December 15, the total tonnage of grain and other agricultural products exported from the three Ukrainian ports is 13,990,897 tons. A total of 1,106 vessels have been allowed to move so far: 551 to arrive at Ukrainian ports and 555 to leave them,” the JCC summarized.

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Four dry cargo ships with corn, wheat and sunflower meal left Ukraine

Four dry cargo ships carrying corn, wheat and sunflower meal left Ukrainian ports on Saturday, the Joint Coordination Center (JCC) reported.
“The four ships left Ukrainian ports on December 10, carrying a total of 143,480 tons of grain and other food under the Black Sea Grain Initiative,” the report said.
Two dry-cargo vessels Patricia V (60 965 tons of corn) and Agios Nikolaos (33 thousand tons of wheat) are bound for Belgium.
Vessel Tina S will carry 30 015 tons of corn to Portugal. Vessel Inase will deliver 19.5 thousand tons of sunflower meal to Italy.
SKC noted that “the grain received at the destination can be processed and then transported to other countries.
Five dry cargo ships, which on Saturday passed through the maritime humanitarian corridor, are also on their way to Ukrainian ports.
“As of December 10, the total tonnage of grain and other agricultural products exported from the three Ukrainian ports is 13,494,463 tons. A total of 1,079 vessels have been allowed to move so far: 540 to arrive at Ukrainian ports and 539 to leave them,” the JCC reported.

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Ukraine has already exported 18 million tons of corn, wheat and barley since beginning of 2022/2023 MY

Ukraine since the beginning of 2022/2023 marketing year (July-June) and until December 2, exported 18.08 million tons of cereals, including 9.66 million tons of corn (53.4% of total supplies), 6.87 million tons of wheat (38%) and 1.48 million tons of barley (8.1%).
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 29.84% lower than the same period last MY (from July 1, 2020 to December 2, 2021, 25.77 million tons were delivered abroad), the lag was the lowest since the beginning of MY. For comparison, the previous maximum rate of exports was reached on November 14, when the lag from last year’s values was the lowest in the last few months at 30.6%.
According to the Ministry, from the beginning of 2022/2023 MY to December 2, 2022, Ukraine exported 6.87 million tons of wheat (2.12 times less compared to the same period last year), 1.48 million tons of barley (3.35 times less), 12 thousand tons of rye (6.9 times less). At the same time, exports of corn exceeded last year’s volume: 9.66 million tons were exported, which is 1.62 times more than on the same date of 2021/2022 MY, while export of flour amounted to 53.2 thousand tons (+2.1%).
It is specified that on the first day of December Ukraine exported 0.2 million tons of grain crops, including 97 thousand tons of wheat, 89 thousand tons of corn, 13 thousand tons of barley, 0.1 tons of rye and 1 thousand tons of flour.
As the Ministry data show, during the last reporting period November 28 – December 2, an average of 222.5 thousand tons of cereals per day were supplied to the foreign markets, whereas during the preceding period November 18-28 – 124 thousand tons per day, November 14-18 – 212.5 thousand tons per day, November 7-14 – 118.6 thousand tons per day and November 2-7 – 178 thousand tons per day. Thus, the average daily rate of exports during the reporting period of November 18-28 has increased by 1.8 times compared to the previous period of November 18-28.
As reported, Ukraine exported 48.51 million tons of grains and leguminous crops in 2021/2022 MY, which is 8.4% higher 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 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.

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