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Grain export 2019/20: wheat trade close to 20 mln t
25 May 2020, 06:00
Infographic guide Ukrainian Agribusiness 2018/19
Since the start of 2019/20, grain export shipment from Ukraine has reached 53.4 mln t.
As of May 22, agricultural commodities shipment increased by 8 mln t (17.6%) from the prior year's comparative period, 45.4 mln t, the information and analytical portal of the agro-industrial complex of Ukraine reports.
Grain export structure in the reporting period is as follows:
- wheat — 19.92 mln t (35% or 5.16 mln t more y-o-y);
- barley — 4.8 mln t (37% or 1.3 mln t more y-o-y);
- corn — 28 mln t (6% or 1.6 mln t more y-o-y);
- rye — 8.2 thou. t (91% or 80.0 thou. t less y-o-y).
The Ministry for Development of Economy, Trade and Agriculture of Ukraine and grain traders signed a document which provides for a limit of wheat export from Ukraine in 2019/20, i.e. until June 30, 2020, at 20.2 mln t. The Government says it is ready to curb exports in case the limit is exceeded.
On May 13, Prime Minister of Ukraine Denys Shmyhal stated that the Government does not plan to limit wheat export from the country in 2019/20 as grain stocks are enough to cover the internal market's demand.
The Government postponed the decision on corn export limit in 2019/20. The Annex 2 to the Memorandum of Understanding between the Economy Ministry and grain market participants was elaborated and considered by the parties.
