In July 30-40% of all Ukrainian grain exports will be sent to China

Published 2024년 7월 11일

Tridge summary

Ukrainian farmers have contracted to export 120,000 tons of barley to China, making up 30-40% of the country's grain exports in July. However, analysts predict that July will be a weak month for exports and prices may not rise due to increased supply from the harvest. Currently, conventional barley prices in Ukrainian seaports are $154-157 per ton, but Chinese quality barley, certified for sale to China, is valued at $162 per ton. There is concern that the premium for barley certification for trade with China may disappear if Chinese buyers do not return to the market in the fall.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Ukrainian farmers contracted 120,000 tons of barley for export to China in July. Thus, 30-40% of all Ukrainian grain exports in the current month will be directed to this country. Analysts of the PUSK cooperative, created within the framework of the All-Ukrainian Agrarian Council, report this, the press service of the VAR reports. "On the global market for barley, demand is forming from the EU, but here Ukraine faces strong competition with Romanian grain. When buyers such as Cyprus and Italy enter the market, French and Romanian barley are mostly exported there. According to forecasts, this year's barley harvest in the EU will add 11 million tons. The main buyers of barley on the world market are China and Saudi Arabia, which buy 50-60% of the total volume," the analysts explained. They also expect July to be a weak month for exports and prices may not rise as supply increases due to the strengthening of the harvest campaign. So far, only about 20% of the Ukrainian crop has been ...

Source: Agrobusiness