Since the beginning of the season, Ukraine has shipped 14.4 million tonnes of wheat abroad.
The Ukrainian Agribusiness Club Association (UCAB) says Ukraine sees further cuts in grain exports in the current marketing year (MY, July 2020-June 2021) over a lower harvest in 2020.
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"The reduction is related to the shortage of the said crops harvest in the summer of 2020. However, due to the rise in prices of wheat and maize, the decline in export revenue is not so rapid. Over the period under review, export revenue from wheat [exports] shrank by 20%, while that from [those] of maize by 7%," the press service quoted expert Svitlana Lytvyn as saying.
Also, the increased demand for maize on the world market has led to an unusual situation with prices on the Ukrainian grain market. Traditionally, the price of wheat has exceeded that of maize. Today, the purchase price of maize in Ukrainian seaports is 8-10% up from wheat prices.