Grain exports decline in July stood at 8%

By the results of July 2018, the volume of export supplies of grain and leguminous crops from Ukraine reached 2.3 million tons, which is 8% less than in the corresponding period in 2017.

Aleksandr Glushchenko, Head of Analytics at Zernovoz.in.ua, notes that the decline was provoked mainly by a 19% decrease in corn cargo traffic due to a reduction in available stocks, as well as a 25% drop in barley exports as compared to July 2017.

Experts of the grain market forecast a further decline in the export of Ukrainian grain as a result of farmers' holding back, which in turn affects the price situation in the sector.

The largest share in the structure of exports in July 2018 was taken by the Ukrainian wheat — 41%. In July, exports amounted to 960 thou. tons.

Barley export shipments in July showed the major decline — 25%. In July 2018, 610 thou. tons of this crop were exported. The share in the total export freight turnover of grains and legumes was 26%.

Corn shipments in July also decreased by 19% to 704 thou. tons as compared to July 2017.

Previously it was reported that the Ukrainian seaports handled 20.22 million tons of grain in January-July 2018, which is 8.75% less than during the same period last year.