News

Ukraine still has export potential for wheat

Wheat
Ukraine
Published Jan 25, 2023

Tridge summary

Since the beginning of 2022/23, Ukraine has exported 9 million tons of wheat, which is 45% less than the same figure last year. This was reported by the press service of UKAB. The main reasons for such a significant reduction in the volume of export of this crop were: a decrease in the volume of wheat production in 2022/23 due to the partial occupation of the territories of Ukraine and a decrease in the yield of wheat. As a result, in the summer of 2022, which is 37% less than the previous year;

complicated logistics when exporting due to the partial blockade of Ukrainian seaports by Russian troops, the poor performance of the "grain corridor" and the still low capacity of alternative routes.

Original content

Since the beginning of 2022/23, Ukraine has exported 9 million tons of wheat, which is 45% less than the same figure last year. This was reported by the press service of UKAB. The main reasons for such a significant reduction in export volumes of this crop were: a decrease in wheat production in 2022/23 due to the partial occupation of the territories of Ukraine and a decrease in wheat yields. As a result, 20.2 million tons of wheat were harvested in the summer of 2022, which is 37% less than the previous year; complicated logistics when exporting due to the partial blockade of Ukrainian seaports by Russian troops, the poor performance of the "grain corridor" and the still low capacity of alternative routes. It is worth noting that due to the change in logistics, the geography of wheat export has also changed significantly. If before the war the main exporting countries were Indonesia, Egypt and Turkey, then in the current marketing year they are Romania, Spain and Turkey. Ukraine ...
Source: Agrotimes
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