Ukraine reduces grain exports to lowest since 2019

Published 2024년 12월 17일

Tridge summary

Ukraine's grain exports contributed 50.1 million tons of wheat, corn, and barley to the global market from January to November, marking the highest volume since 2019. Despite this, the export's total value remained steady at $8.6 billion, translating to an average price of $172 per ton, the lowest since 2019 due to restrictions on Ukrainian grain imports by some EU countries. This situation is attributed to the European Commission's decision to lift restrictions on certain Ukrainian agricultural products, only to require Kyiv to implement export control measures, which have not been uniformly adhered to by countries like Hungary and Poland, extending their bans unilaterally on additional products. This sequence of events highlights the complexities and challenges in international agricultural trade, including issues of market price fluctuations, protectionist policies, and the need for consistent export control mechanisms.

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

Original content

PRIME. The cost of grain that Ukraine exported abroad in January-November fell to $172 per ton - the lowest since 2019, according to RIA Novosti calculations based on data from the country's customs service and the UN Comtrade platform - this may be due to restrictions on imports of agricultural products from Ukraine by some EU countries, independent industrial expert Leonid Khazanov commented to the agency. In January-November, Ukrainian companies sent 50.1 million tons of wheat, corn and barley to other countries, which was the maximum volume since 2019. Then, exports reached 50.5 million tons. However, over the same period, the value of exports amounted to only $8.6 billion, or an average of $172 per ton of grain - the same as it cost five years ago. At the same time, a year ago the indicator was $189, and in 2021 and 2022 - about $240. Grain prices in the world have generally declined this year, but compared to 2019, they are on average 18% higher, according to FAO data. The ...

Source: Oilworld