Ukraine unlocked the export potential of grains by more than 90% - APK-Inform

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APK-Inform

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According to APK-Inform, Ukraine already exported 49.9 mln tonnes of grains and pulses in July-April of 2019/20 MY, up 19% compared to the same period of the last season (41.8 mln tonnes) and up 1% compared to the total result of the previous MY (49.3 mln tonnes). The analysts of the agency estimated the export potential at 54.8 mln tonnes, that is unlocked by 91% by the end of the reporting period, informed the head of the business projects division of APK-Inform, Andrey Kupchenko during the online conference «GRAIN&MARITIMES DAYS ONLINE-2020».

For 10 months of the current season, Ukraine exported about 18.6 mln tonnes of wheat (+31%). Egypt, Indonesia and Bangladesh were the key destinations for Ukrainian wheat, who imported 44% of the total volume.

Moreover, in July-April of 2019/20 MY, Ukraine exported nearly 4.6 mln tonnes of barley, up 37% from the year ago level (3.3 mln tonnes) and up 28% compared to the total volume supplied to the external markets in 2018/19 MY (3.6 mln tonnes). Saudi Arabia and China remained the main importers of Ukrainian barley, they bought 45% of the total volume exported. Spain took the third place among the importers of Ukrainian barley (372.8 thsd tonnes), the country resumed the import of Ukrainian grain in July 2019 after the long break.

After the record corn production in 2019/20 MY (35.9 mln tonnes), Ukraine shipped 24.2 mln tonnes of the grain in October-April, up 9% compared to the results of 7 months of the last season (22.2 mln tonnes). Spain, China and Egypt were the main importers of Ukrainian corn, who bought 9.6 mln tonnes of the grain (+10% to the year ago level, 8.7 mln tonnes).

«Taking to account all factors influencing on the formation and disposal of the future crop, the production and export of grains and pulses will decline in Ukraine in 2020/21 MY. We forecast the production of grains and pulses at 68.7 mln tonnes next season, while their export could reach 49 mln tonnes, down 11% from the current year». – the analyst summarized.
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