Global rye prices drop to five-year low

Before the full-scale invasion of Russia into the territory of Ukraine, our country with a share of 5.2% ranked 4th in the ranking of rye exporters. This was reported to AgroPortal.ua by Oleksandr Nechyporenko, Deputy Director of the Institute of Agrarian Economics for Research, Corresponding Member of the National Academy of Agrarian Sciences of Ukraine. At the same time, he reminds that in the pre-war year 2021, the supply of domestic rye to the world market amounted to almost 137 thsd tonnes. “Currently, Ukraine ranks 18th among rye suppliers, and its share in global exports is only 0.3%. The main and largest importers of Ukrainian rye are Spain, Poland, Turkey, Romania, Slovakia, Germany, and a number of other countries that ensure stable sales of products,” the scientist states. For example, in 2023, 6.4 thousand tons of rye were exported for $1.4 million. At the same time, deliveries to Poland and Slovakia amounted to 2.3 thsd tonnes each, and to Germany – 1.9 thsd tonnes. ...