Grain exports drop 11% yoy in 2017/18 season

Ukraine exported 39.4 mmt of grains in the 2017/18
marketing year ending in June, or an 11.4% decrease yoy, according to an
Agrarian Ministry report on July 2. Ukraine exported 17.2 mmt of wheat (a 2.2%
decline yoy) and 17.7 mmt of corn (a 14.3% drop yoy) in the marketing year.

Andriy Perederey: The drop in
grain exports was in line with the lower harvest in the 2017 calendar year,
when average wheat yields dropped 2.6% yoy and corn yields dropped 16.5% yoy.
We expect that this season’s exports will be higher, primarily because more
favorable weather conditions are likely to facilitate a better grain harvest
this summer and autumn.