Ukraine actively started the export season of early grains

Published 2024년 10월 30일

Tridge summary

Ukraine has seen a significant increase in grain exports, particularly in wheat and barley, at the start of the 2023/24 and 2024/25 marketing seasons, respectively. The early wheat harvest and the use of deep-sea ports have enabled exports to distant Asian markets. Indonesia, Vietnam, and Thailand are the leading importers of Ukrainian wheat, accounting for two-thirds of total exports. Meanwhile, China has resumed barley purchases, contributing to barley exports reaching double the volume of the previous season. Despite the increased harvest, wheat and barley prices continue to rise globally, with Ukraine's wheat becoming a more popular option in the Mediterranean due to a decrease in the French wheat harvest.

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

Original content

Maksym Kharchenko, an analyst of the grain market and logistics of UkrAgroConsult, told about this. He noted that the early wheat harvest of the current season made it possible to show significant volumes of exports in the first months compared to previous seasons. "Unlike the start of the 2023/24 MR, Ukraine had working deep-sea ports at its disposal. This also played a role. Thanks to this, Ukraine was able to export wheat to distant Asian markets, returning to Indonesia, Vietnam and Thailand. The top 5 importers of Ukrainian wheat account for 2/3 of the total export," the analyst noted. At the same time, the 2024/25 barley export season also started with larger volumes than last year. "The volume of exports for July - September amounted to more than 1 million tons, which is twice as much as the figures for the same period of the 2023/24 season. In 2024, China returned to buying Ukrainian barley, which made it possible to speed up the pace of exports. China's temporary lack of ...

Source: AgroPortal.ua