Ukraine exported 57.5 M tonnes of grains and oilseeds in 2023/2024 MY

This is reported by the Ukrainian Grain Association, Ukrinform reports.

"Wheat exports totalled 18.4 M tonnes worth USD 3 B, with production of about 22 M tonnes. Ukraine exported almost 2.5 M tonnes of barley for USD 376 B, with a production of 5.8 M tonnes," the report said.

Last season, Ukraine exported 29.3 million tonnes of corn worth USD 4.7 B, compared to 29.6 M tonnes last year.

Almost 3 M tonnes of soybeans were exported for USD 1.1 B, with a harvest of 4.9 M tonnes. Ukraine exported 3.7 M tonnes of rapeseed worth USD 1.4 billion, compared to last year's production of 4.5 M tonnes.

Ukraine exported just over 300,000 tonnes of sunflower, compared to last year's harvest of 14.2 M tonnes. Thus, sunflower processing in Ukraine totalled 13.5 M tonnes.

In monetary terms, according to the customs, exports of grains and oilseeds in 2023/2024 MY amounted to USD 10.76 B, and exports including products from them, including sunflower oil and other oils, cake and meal - USD 17.86 B.

According to the UGA, last year's production of grains and oilseeds totalled 82.8 M tonnes. The carry-over stocks amount to about 7 M tonnes of grains and oilseeds.

"Last season, the most important factor for the export of Ukrainian grain was the opening of the Ukrainian Humanitarian Corridor, which allowed exports by sea from the deep-water ports of Odesa region. The second most important factor was the introduction by Ukraine, together with international partners, of a working mechanism for insuring vessels calling at Ukrainian ports, which reduced the costs of export logistics for exporters and, consequently, Ukrainian agricultural producers. Due to these two factors, Ukraine continued to export grain and ensure food security in many countries of the world," the Grain Association summed up.

As reported, as of 4 July, Ukraine harvested grains and legumes from the total area of 967,200 hectares, with the yield of 3.36 M tonnes of grain and the average yield of 34.8 centners per hectare. The largest amount of wheat was harvested, with 1.63 M tonnes harvested from 482,000 hectares at 33.8 c/ha. Barley was harvested from an area of 402,000 hectares, with a yield of 1.56 M tonnes at 38.9 c/ha.