Ukraine grain exports rise 14% yoy in 2019/20 season
8 July 2020
Ukraine exported 57.2 mmt of grain in the 2019/20
marketing year ending in June, or 13.5% more yoy, according to an Economy
Ministry report on July 7. This is a new record high for the country’s grain
exports. Ukraine exported 20.5 mmt of wheat (a 31.6% jump yoy) and 30.3 mmt of
corn (a 1.6% increase yoy) in the marketing year.
Andriy Perederey: The
record-high export results were driven by the strong harvest in the 2019
calendar year. Weather conditions were favorable for wheat (the average yield
rose 11.8% yoy to 4.2 t/ha), while they were adverse for corn (the average
yield slid 7.9% yoy to 7.2 t/ha).
We expect that the 2020/21 marketing year will show
a flat or slightly lower yoy harvest and export results, as the yields of early
crops will have been affected by the dry winter, while the yields of spring
crops are likely to outperform last year’s results.
