Ukrainian exports of grains and oilseeds in 2023/24 MY may be reduced to 43.9 million tons

The Ukrainian Grain Association (UGA) has published new export estimates for 2023/24 MY, predicting a reduction in the sale of grains and oilseeds to 43.9 million tons. This step is caused by the expected drop in production, but the figures will be achieved only if the Black Sea Grain Corridor is operational. Corn Potential wheat exports are estimated at 15Mt, given an 11% drop in production to 17.9Mt due to a reduction in acreage, but ending stocks could reach 5.3Mt by the start of the 2023/24 season. The association expects barley exports to reach 2 Mt in 2023/24mg, with production down 1.4 Mt to 4.4 Mt. Maize exports for the coming season are projected at 19 million tons, again on the back of a reduction in planted area, as the area planted with corn has decreased by 800,000 ha. Thus, the expected production volume also had to decrease by 14% to 23.3 million tons. Oilseeds Sunflower production is forecast to increase by 14% to 12.7 million tons on the back of an increase in ...