Grain export 2020/21: corn export pace 32% lower YoY
Infographic guide Ukrainian Agribusiness 2019/20
Staple grains export shipment from Ukraine has made up 20.17 mln t since the start of the 2020/21 season. As of Nov. 23, agricultural commodities shipment dropped by 3.19 mln t or 13.65% from the prior year's comparative period, 23.36 mln t, the information-analytical portal of the agro-industrial complex of Ukraine reports.
Grain export structure in the reporting period:
- wheat: 11.63 mln t, ▼11% or 1.39 mln t y-o-y
- barley: 3.69 mln t, ▲7% or 233 thou. t y-o-y
- corn: 4.5 mln t, ▼32% or 2.09 mln t y-o-y
- rye: 1.7 thou. t, ▼66% or 3.3 thou. t y-o-y
As a reminder, the Ministry for the Development of Economy, Trade and Agriculture of Ukraine and grain market participants signed the Annex to the Memorandum of Understanding on Aug. 17, setting the limit for wheat export from Ukraine in the 2020/21 season at 17.5 mln t, rye at 1 thou. t. As of the reporting date, 66.45% of the agreed volume of wheat export was shipped.
Related: Why Are Traders Backing up? How Will Defaulted Forward Contracts Hit the Grain Market?
In the 2019/20 season, grains, pulses and flour export from Ukraine totalled the record 57.2 mln t, 6.8 mln t higher YoY (2018/19: 50.4 mln t).
USDA in its November report put the estimate for corn export from Ukraine in 2020/21 at 22.5 mln, 8 mln t lower from October estimate.
Related: Thumbs up or Thumbs Down: Does the Booming Corn Export Endanger the Domestic Market?
As of November 19, agriproducers in Ukraine harvested 78.5 mln t of main crops on 23.4 mln ha, of which grains and legumes total 60.3 mln t harvested on 14.6 mln ha, making up 95% of the planned areas.