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Markets

Ukraine's 2020/21 grain exports fall 19.8pc so far

  • Traders have sold 502,000 tonnes as of Aug. 19 compared to 1.68 million tonnes by the same date last season.
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KYIV: Ukraine's grain exports have declined to 5.10 million tonnes so far in the 2020/21 July-June season, from 6.36 million tonnes at the same point of the previous season, the economy ministry said on Wednesday.

The total volume has shrunk mainly due to lower exports of corn.

Traders have sold 502,000 tonnes as of Aug. 19 compared to 1.68 million tonnes by the same date last season.

The exports have also included 3.03 million tonnes of wheat and 1.56 million tonnes of barley.

The ministry did not clarify whether the exported grain was harvested in 2020 or in 2019.

Ukraine harvested a record 75.1 million tonnes of grain in 2019.

The ministry expects that output could fall this year to 72.1 million tonnes because of poor weather.

The country is the world's fourth-largest wheat exporter with 56.5 million tonnes of grain sold in the 2019/20 season.

The government has not given a grain export forecast for 2020/21.

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