Geopolitics and grain: Ukrainian exports in conditions of instability

Published 2024년 5월 24일

Tridge summary

In the 2023/2024 marketing year, Ukraine experienced a decrease in grain and leguminous crop exports, exporting 37 million 962 thousand tons, which is 1.04 times less than the previous year. Wheat exports saw a slight increase, while corn exports decreased significantly. However, soybean and rapeseed exports increased. The official statistics suggest that Ukraine has run out of oil, despite the increase in sunflower seed exports. The Ukrainian maritime corridor is operating more efficiently than the grain agreement, exporting over 36 million tons of cargo from August 2023 to April 2024. The Ukrainian government is considering opening container transportation through the Danube to increase export capabilities. Due to complications in maritime logistics, Ukraine has become partially dependent on alternative EU routes for grain exports. The European Union is considering expanding duty-free trade with Ukraine while tightening rules on food imports to appease protesters.

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

Original content

In 2023/2024 MR, as of April 15, Ukraine exported 37 million 962 thousand tons of grain and leguminous crops, which is 1 million 745 thousand tons or 1.04 times less than last year. At the same time, the export of wheat increased slightly and amounted to 14 million 817 thousand tons, which is 1 million 166 thousand tons or 1.08 times more compared to last year. Corn exports decreased to 20 million 723 thousand tons (minus 2 million 665 thousand tons). Ukrainian farmers also exported 2 million 125 thousand tons of barley and 1 thousand tons of rye. Since the beginning of the 2023/24 season, Ukrainian companies have exported 2.45 million tons of soybeans, which exceeds the figure for the corresponding period of the previous marketing year (2.35 million tons). It is also interesting that Ukraine continues to actively export rapeseed. Since the beginning of the 2023/24 fiscal year (as of April 15), 3.5 million tons of it have been shipped to foreign consumers. At the same time, ...

Source: MilkUA