Ukraine increased grain exports by 13% in 2015/16 MY

Photo by: Latifundist.com

In 2015/16 MY Ukraine has exported a record amount of grains — over 39 million tons of grains, which is 13% more than in the previous season.

It was reported by the press service of Ministry of Agrarian Policy.

"The past year has largely risen the bar of our expected performance. For example, we have a record harvest, a record amount of grain shipped for export. These are new challenges and new horizons. The main thing is that we have a room for growth", said Minister of Agrarian Policy and Food of Ukraine Taras Kutovoy.

It is noted that due to the efficient work of the industry, grain exports may reach 41.6 million tons in 2016/17 MY.

At the same time, according to the forecast, ProAgro Company, Ukraine will export 37.9 million tons of grain in 2016/17 MY. The corn ratio in export shipments will increase from 44.1% to 47.5%, while the wheat ratio, in contrast, will decrease from 44.2% to 38.2%. Barley exports will remain at the same level — 4.5 million tons, or about 12% of the total grain export.