Agricultural exports will exceed 60 mln tons in the next marketing year – forecast
In 2024/25 MY, Ukraine may export more than 60 mln tons of grains and oilseeds and their processed products. These figures will keep Ukraine among the world leaders in agricultural exports.
This was stated by the acting Minister of Agrarian Policy and Food of Ukraine Taras Vysotskyi.
“After two years of full-scale war, Ukraine has managed to equalize the market balance of production and export of major crops. This became possible due to the resilience of agricultural producers and the development of logistics. Ukraine is finishing the current marketing year 2023/2024 with the ending stocks of agricultural products at the average level, as it was before 2022. In the next marketing year, agricultural exports will exceed 60 million tons. This shows that Ukraine remains a guarantor of global food security,” emphasized Taras Vysotskyi.
The new harvest is expected to produce nearly 56 million tons of grain crops. Of these, wheat will be 21 million tons, barley – about 5 million tons, and corn – 28.5 million tons.
Total grain exports are forecast at 43 million tons. In particular, wheat – 15 million tons, barley – 2.5 million tons, corn – about 25 million tons.
By the way, according to USDA experts, in the 2024/25 season, the wheat harvest in Ukraine will amount to 19.5 mln tons, while exports will be at 13 mln tons. The figures were reduced due to dry weather conditions.
According to the Ministry of Agrarian Policy, the production of oilseeds will reach 22 mln tons. In particular, 4 mln tons of rapeseed is expected, and about 13 mln tons of sunflower. Soybean production is forecasted at 5 million tons, which will be a record high in the history of Ukraine!
Exports of oilseeds and their products are expected to exceed 17 million tons.
Analysts say that the preliminary prices for sunflowers of the new crop are up to 20,000/ton.
