Ukraine sets new record in grain exports in 2017

Ukraine has been increasing grain exports annually since 2010, setting a new record in 2017.

In particular, the country exported 41.8 million tonnes of grain to foreign markets in the past year, which was three times more than in 2010 and 4% up against 2016, according to the press center of the National Scientific Center "Institute of Agrarian Economy."

However, record high grain exports in 2017 did not bring record currency earnings due to low world prices for raw materials. Profits increased only by 7%, to $6.5 billion against 2016.

Ukraine also shipped a record high amount of maize abroad, namely 19.4 million tonnes, which was 12.2% up from 2016 and 4.8 times higher than in 2010.

Read alsoUkrainian grain exports to Egypt grow by 10.5% in 2017Wheat exports in 2017 stood at 17.3 million tonnes, remaining almost at the level of 2016. Although they exceeded the 2010 indicators by 3.6 times.

"Grain sorghum exports in 2017 rose by 1.6 times compared with 2016, to 148,300 tonnes, which was almost 4 times higher than in 2010," the press service said.

Barley exports over the period under review remained almost at the level of the previous year, that is 4.9 million tonnes. Rye exports grew by over 4 times from 2016, to 25,000 tonnes, while those of rice soared by 3% in 2017, to 1,200 tonnes.

As UNIAN reported earlier, Ukrainian agrarians exported 43.9 million tonnes of grain in July 2016 - June 201, setting a record in the 2016-2017 marketing year, according to the Ukrainian Agrarian Policy and Food Ministry.

Revenue from exports of Ukrainian agrarian products in 2017 rose by 16.3% against 2016, to over $17.9 billion.