Ukrainian Grain Exports Surpass 43 Million Tonnes in 2023/24 Marketing Year

Mintec Global
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Overview of Export Figures

Ukraine has witnessed a robust performance in grain exports, surpassing 43 million tonnes in the 2023/24 marketing year (MY). The State Customs Service, as reported by the Ministry of Agrarian Policy of Ukraine, revealed that as of May 13, the country had exported 43.206 million tonnes of grains and pulses since the beginning of the marketing year.

Breakdown of Grain Exports

The breakdown of grain exports during the current season is as follows:

  • Wheat: Ukraine exported 16.412 million tonnes, marking an increase from 14.98 million tonnes in the previous marketing year.
  • Barley: Export figures stood at 2.242 million tonnes, slightly lower than the 2.546 million tonnes recorded in the previous season.
  • Rye: A total of 1.3 thousand tonnes were exported, compared to 17.9 thousand tonnes in the previous marketing year.
  • Corn: Ukraine exported 24.069 million tonnes of corn, slightly lower than the 25.744 million tonnes exported in the previous season.

Analysis of Flour Exports

In addition to grains, Ukraine also exported flour during the current marketing year. The total export of Ukrainian flour as of May 13 is estimated at 89.2 thousand tonnes, with wheat flour accounting for the majority at 84.3 thousand tonnes. This represents a decrease from the 134.2 thousand tonnes of flour exported in the previous marketing year.

The performance of Ukrainian grain exports in the 2023/24 marketing year reflects the country’s significant role in the global grain market. Several factors contribute to the dynamics of grain prices, including weather conditions, global demand, geopolitical tensions, and currency fluctuations. Looking ahead, market participants will closely monitor these factors to assess their impact on grain prices and export volumes. Additionally, ongoing efforts to improve infrastructure and enhance trade relationships will play a crucial role in shaping the future trajectory of Ukrainian grain exports.