Ukraine starts 2024/25 season: Grain exports are growing

Published 2024년 10월 29일

Tridge summary

In the 2024/25 marketing year, Ukraine experienced a boost in wheat and barley exports due to the early harvest and the operational deep-water ports. Wheat exports to Asian markets like Indonesia, Vietnam, and Thailand saw an increase, and barley exports surged to 1.05 million metric tons, twice the amount of the previous year. China's return as a buyer of Ukrainian barley contributed to this growth, despite a temporary decrease in demand. However, global price trends, including the smallest wheat harvest in France in 20 years and the expected depletion of wheat stocks in Russia and Ukraine, led to a rise in wheat and barley prices.

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

Original content

Wheat. In 2024/25 MY, the early harvest promoted significant increase in exports in the first months compared to previous seasons. In contrast to the start of 2023/24 MY, Ukraine’s deep-water ports/grain corridor were operational. As a result, Ukraine wheat exports to distant Asian markets, including Indonesia, Vietnam and Thailand increased. Barley. The July-September 2024/25 barley export also grew compared to last season up to 1M+ mt. This is also twice as much as in the same period of 2023/24. In 2023/24, China returned to buying Ukrainian barley, increasing barley shipments. The lack of Chinese appetite for grain in September reduced support for local prices in that month, but Chinese purchases resumed in October. The top 5 Ukrainian barley importers account for 80% of total exports. Price trends. Despite the harvest, wheat and barley prices continued to rise following the global trends. The smallest wheat harvest in France for 20 years made Black Sea wheat almost a must for ...

Source: UkrAgroConsult