Business news from Ukraine

Business news from Ukraine

UKRAINIAN AGRARIAN MINISTRY PREDICTS GRAIN EXPORTS IN 2021/2022 MY AT LEVEL OF 2019/2020 MY

6 July , 2021  

The Ministry of Agrarian Policy and Food expects the recovery of the export volumes of grain and leguminous crops by Ukraine in the 2021/2022 marketing year (MY, July-June) to the indicators of the 2019/2020 MY, the department predicts their exports in the current MY at the level of 56 million tonnes with a harvest of 75.8 million tonnes, the European Business Association (EBA) said on its website.
According to the report, in the 2021/2022 MY, the export of grains and legumes will grow by a quarter compared to preliminary data for 2020/2021 MY, from 44.63 million tonnes to 56 million tonnes.
As reported, with reference to the preliminary data of the Ministry of Agrarian Policy, Ukraine’s exports of grain and leguminous crops in the 2020/2021 MY decreased by 21.3% compared to the 2019/2020 MY, to 44.63 million tonnes. Exports of wheat in the 2020/2021 MY decreased by 18.9% compared to the 2019/2020 MY, to 16.44 million tonnes, corn – by 23.9%, to 23.06 million tonnes, barley – by 17.1%, to 4.21 million tonnes, flour export – 2.6 times, to 126,000 tonnes.
Minister of Agrarian Policy Roman Leschenko told Interfax-Ukraine in May 2021 that the harvest of grains and oilseeds in the 2021/2022 MY could exceed 100 million tonnes, the harvest of winter wheat, corn, sunflower, barley and soybeans is expected to grow.

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