According to analyst APK-Inform citing agriculture ministry data, Ukraine’s grain exports in the 2023/24 July-June marketing season had reached nearly 40 million metric tons as of April 24, compared to 40.7 million tons in the previous year.
The overall volume included 4.9 million tons of various grains exported in April alone. The exports for this season comprised 15.2 million tons of wheat, 22 million tons of corn, and 2.2 million tons of barley.
Despite Russian attacks on Ukrainian port infrastructure on the Black Sea, an industry source indicated that Ukrainian grain exports could potentially total 6-7 million tons in April. It is noteworthy that Ukraine typically sends about 95% of its grain exports via its Black Sea ports.
The Ukrainian government anticipates a harvest of 81.3 million tons of grain and oilseeds in 2023, with an exportable surplus of about 50 million tons for the 2023/24 season.
The sustained strength of Ukraine’s grain exports reflects the country’s significant role as a major player in the global grain market, contributing to the supply of essential commodities.