TOP 10 Importing Countries of Ukrainian Grain in 2020
Grain exports from Ukraine have increased markedly over the past decade. Based on USDA estimates, exports to foreign markets in 2020/21 will make up 45.8 mln t of Ukrainian origins, 3.8x more than in 2010/11, although 17% less YoY. In 2020, grain supplies generated USD 9.4 bln in export revenues, Nikolai Pugachev, deputy director of the NSC Institute of Agrarian Economics, states.
Production and export of grain from Ukraine, mln t
As before, Asia, Africa and Europe were the major buyers of Ukrainian grain in 2020. Last year, changes occurred in the top ten grain buyers: South Korea and Libya ousted Israel and Italy from the top 10. The distinctive feature of 2020 was Egypt's ousting from the top position in the rating of the largest importers of Ukrainian grains, which it had held since 2011, and the further strengthening of China's position.
A decrease in shipments of most staple grains was observed compared to 2019. Corn exports summed 27.9 mln t, down by 14% YoY (2019: 32.3), yet this indicator is almost 7x higher than in 2010. Wheat export volumes equalled 18.1 mln t, 10% less from 2019 and 3.7x higher than in 2010. Rye shipment slashed significantly again — by 63% to 5 thou. t. However, barley delivery to foreign markets in 2020 increased by 0.9 mln t YoY to 5.0 mln t.
Sergei Gerasimenko, Latifundist.com