Business news from Ukraine

Ukraine becomes second largest exporter of grain

25 January , 2021  

Ukraine ranked second in the ranking of world grain exporters in terms of total exports in the past 2019/2020 agricultural year, including the second in barley supplies, fourth in maize supplies, and fifth for wheat, Deputy Minister of Development of Economy, Trade and Agriculture, Trade Representative of Ukraine Taras Kachka has said, referring to the data announced at the 52nd session of the International Grains Council.

“According to the results of the 2019/2020 agri-year, in aggregate in terms of the volume of exports of all grain crops, Ukraine became second, leaving behind only the United States,” Kachka said, commenting on the results of the session, in a press release from the Economy Ministry on Monday.

According to him, Ukraine has the potential to further increase the production and export of grain.

According to the estimates of the U.S. Department of Agriculture (USDA), which data were used to compile the rating, in the previous agri-year Ukraine exported 21.01 million tonnes of wheat with a harvest of 29.17 million tonnes, 28.93 million tonnes of corn with a harvest of 35.89 million tonnes, and in general, grain exports amounted to 55.09 million tonnes with a harvest of 75.72 million tonnes.

In the current agri-year (2020/2021), the USDA forecasts the export of grain from Ukraine 45.81 million tonnes with a harvest of 64.21 million tonnes, including 24 million tonnes of corn with a harvest of 29.5 million tonnes and 17.5 million tonnes of wheat with a harvest of 25.5 million tonnes.