Ukraine has updated the record of exports of grain and oilseeds

Published 2021년 3월 2일

Tridge summary

In 2020, Ukraine achieved a record high in seed exports of grain and oilseeds, earning $18.7 million, a 1.5 times increase from the previous year, driven by high global demand and prices. Despite a decrease in grain seed exports, the increased revenue was largely due to a 65% rise in corn seed sales, reaching $13.4 million. The main importers were CIS countries, with the European Union showing a growing interest. Wheat and rye exports remained steady, and for the first time, Ukraine exported sunflower seeds, bringing in $1.2 million. The seed market in Ukraine is undergoing changes, with foreign companies selling seeds grown in Ukraine and the country starting to gain a foothold in international seed markets. However, the export of domestic selection seeds relies heavily on supplies to the CIS and the EU, and needs continued state support.

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Original content

Export of seeds of grain and oilseeds from Ukraine in 2020 reached the highest mark since independence of $ 18.7 million, which is almost 1.5 times more than a year earlier ($ 12.7 million). This was announced by the head of the department of investment and material and technical support of the National Scientific Center "Institute of Agrarian Economics", Doctor of Economics. Alexander Zakharchuk, the institution said. According to him, this result was promoted by the increase in the sale prices of this type of agricultural products in the world market last year. “Although in 2020 Ukraine exported 4 thousand tons of grain seeds less than in 2019 - only 12.5 thousand tons, as a result of increased demand and sales prices, we managed to achieve record foreign exchange earnings,” the scientist noted. In the structure of Ukrainian exports of seeds of grain and oilseeds, maize traditionally dominates. In 2020, sales of seed corn on the world market increased by 65% against the previous ...

Source: AgroPortal.ua