Economy ministry forecasts 20.5% decline in grain exports in MY 2020/21

Ukraine's Ministry for Economic Development, Trade and Agriculture forecasts a 20.5% decline in grain exports in the current marketing year (MY, July 2020 - June 2021) to 45.42 million tonnes, against 57.2 million tonnes posted in MY 2019-2020.

In particular, wheat exports are expected to shrink by 14.6% to 17.5 million tonnes, those of corn by 22.4%, to 23.5 million tonnes, and barley by 23.8%, to 3.82 million tonnes, according to the forecasted balance for MY 2020/21 published on the ministry's website.

Read alsoUkraine halves grain exports in JanDomestic consumption of grain is projected at 20.6 million tonnes, while balance brought forward at the end of the MY may stand at 4.2 million tonnes.

Background

The Ministry for Development of Economy, Trade and Agriculture said the grain harvest in 2020 totaled 65.4 million tonnes, which was almost 7 million tonnes down against 2019.

Ukraine in MY 2019-2020 exported a record high of 57.2 million tonnes of grain and legumes, as well as flour onto foreign markets.