Ukraine will remain the world leader in agricultural exports

Published 2024년 6월 15일

Tridge summary

Ukraine is projected to emerge as a leading agricultural exporter in the 2024 marketing year, with an expected export of over 60 million tons of grain and oil crops, along with their processing products. This includes nearly 56 million tons of grain crops like wheat, barley, and corn, and 22 million tons of oil crops. The country's grain exports are anticipated to reach 43 million tons, while oil and processing product exports are expected to exceed 17 million tons. Despite the challenges of a full-scale war, Ukraine has managed to equalize its production and export markets. However, the USDA forecasts a decrease in wheat and barley production and exports compared to the previous year. Additionally, the European Commission has lowered its forecast for the EU common wheat crop for the 2024/25 marketing year due to reduced planted area.

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Original content

In the next marketing year (from July 2024), Ukraine can export more than 60 million tons of grain and oil crops and their processing products. These figures leave Ukraine among the world leaders in agricultural exports. Taras Vysotsky, Acting Minister of Agrarian Policy and Food of Ukraine, stated this. According to him, after two years of full-scale war, Ukraine managed to equalize the market balance of production and export of the main agricultural crops. "This became possible thanks to the stability of agricultural producers and the development of logistics. "Ukraine is ending the current marketing year 2023/2024 with the final balance of agricultural products at the average statistical level, as it was until 2022," Vysotskyi emphasized. The Ministry predicts that the production of grain crops from the new harvest will amount to almost 56 million tons. Of them, wheat – 21 million tons, barley – about 5 million tons, corn – 28.5 million tons. The total export of grain is ...

Source: Landlord