Barley in Ukraine: 2023/24 MY, outlook for 2024/25 MY

Published Aug 9, 2024

Tridge summary

The 2023/24 barley export season experienced a delay due to logistics issues, leading to a decrease in exports by 9% compared to the previous season, reaching 2.5 M mt. This decline resulted in a 10-year low for barley's share in total production, which stood at 45%. The delayed exports allowed domestic prices to remain low and increased domestic consumption. Despite the decline, barley exports to China doubled compared to the previous season. However, exports to Turkey saw a decrease due to their increased harvest and sufficient domestic stocks. Russia primarily exported grain to the Middle East and North Africa, with a small percentage of exports going to China, Indonesia, and Bangladesh.

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

Original content

A peculiarity of the 2023/24 barley season was the delayed export activity due to logistics in the first months of the 2023/24 season (July-Nov), when the grain was shipped through the ports of the Danube region and by land. The 2023 barley harvest continued the declining trend and the export in 2023/24 decreased to 2.5 M mt (-9% compared to 2022/23). The share of barley exports in total production fell to 45% in 2023/24 MY, the lowest in the last 10 years. Due to limited access to export logistics, wheat and corn were mainly exported in July-Dec 2023, with barley export shipments shifting to January-June 2024. This resulted in relatively low domestic prices and increased use of barley for domestic consumption. The main 2023/24 export destinations Key trend of 2023/24 MY was barley exports recovery to China, the exports doubled compared to 2022/23. However, it still cannot be compared with the 21/22 season, when 45% of total barley exports were shipped to China. Barley deliveries ...

Source: UkrAgroConsult