Ukrainian seed export figures exceed last year's

Published 2022년 10월 12일

Tridge summary

In the first half of 2022, Ukraine saw a significant increase in its grain and oilseed exports, with the volume reaching $27.8 million, which is 1.8 times more than the previous year. Corn continues to be the primary export, making up 96% of the total, and the export of hybrid corn seeds has doubled, becoming the first time that exports have surpassed imports. Additionally, the country also exported sunflower seeds, soybeans, flax, rapeseed, and mustard, generating an additional $1 million in revenue. This increase in exports is attributed to the loss of logistical channels for foreign seeds due to aggression, increased domestic production capacities, and the recognition of Ukraine's seed certification system by the European Parliament.

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Original content

In the first half of 2022, its volume exceeded the corresponding indicator of the previous year by 1.8 times and amounted to 27.8 million US dollars. Oleksandr Zakharchuk, head of the department of investment and material and technical support of the Institute of Agrarian Economics of the National Academy of Agrarian Sciences of Ukraine, told about this. Corn (96%) traditionally dominates the structure of Ukrainian exports of grain and oilseeds. During January-June, 26.8 million dollars worth of seeds of this type were sold on foreign markets. USA. At the same time, the export of hybrid corn in terms of quantity and value almost doubled. If last year in 6 months they exported 6.3 thousand tons worth 13.5 million dollars. USA, then in the first half of this year - 12.2 thousand tons worth 26.8 million dollars. USA. "For the first time during the years of Ukraine's independence, the volume of export of hybrid corn seeds exceeded the volume of its import," the NAAS expert emphasized. ...

Source: Infoindustria