Ukraine's share in the global rye market will significantly increase
Rye
Ukraine
Published Nov 10, 2021
Tridge summary
Global rye production will decline by 5% in 2021/22 MY due to a reduction in acreage in the EU and a decrease in yields in Russia and Canada due to unfavorable weather conditions. This is reported by the analysts of the grain market "UkrAgroConsult" Marina Marynich, referring to the USDA forecast. “As a rule, the largest consumers of rye are its main producers, and surplus production is exported. That is why the main exporters of rye do not change from year to year, only their share in world exports changes depending on the size of the crop, ”she explains. According to expectations, in 2021/22 MY the share of Ukraine in the world export of rye will increase not only due to the growth of its own production, but also due to a decrease in supply from other exporters. Moreover, Ukrainian exports should grow significantly, analysts say. “Given the growth in demand for Ukrainian rye in the current season, more and more attention will be focused on the state of sowing of the rye harvest next 2022”, the statement said.
Original content
Global rye production will decline by 5% in 2021/22 MY due to a reduction in acreage in the EU and a decrease in yields in Russia and Canada due to unfavorable weather conditions. This is reported by the analysts of the grain market "UkrAgroConsult" Marina Marynich, referring to the USDA forecast. “As a rule, the largest consumers of rye are its main producers, and surplus production is exported. That is why the main exporters of rye do not change from year to year, only their share in world exports changes depending on the size of the harvest, ”she explains. According to expectations, in 2021/22 MY the share of Ukraine in the world export of rye will increase not only due to the growth of its own production, but also due to a decrease in supply from other exporters. Moreover, Ukrainian exports should grow significantly, analysts say. “Given the growth in demand for Ukrainian rye in the current season, more and more attention will be focused on the state of crops for the next 2022 ...
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