In the next marketing year (starting in July 2024), Ukraine may export more than 60 million tonnes of grains and oilseeds and their processed products. These figures keep Ukraine among the world leaders in agricultural exports. Taras Vysotskyi, Acting Minister of Agrarian Policy and Food of Ukraine, emphasised.
"After two years of full-scale war, Ukraine has managed to equalise 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 tonnes. This proves that Ukraine remains a guarantor of global food security," said Taras Vysotskyi.
The new harvest is expected to produce nearly 56 million tonnes of grain crops. Of these, 21 million tonnes of wheat, about 5 million tonnes of barley, and 28.5 million tonnes of corn.
Total grain exports are forecast at 43 million tonnes. In particular, 15 million tonnes of wheat, 2.5 million tonnes of barley, and about 25 million tonnes of corn.
Oilseeds production is forecast to reach 22 million tonnes. In particular, rapeseed is expected to produce 4 million tonnes, sunflower - about 13 million tonnes. Soybean production is forecast at 5 million tonnes, which will be a record high in Ukraine's history!
Exports of oilseeds and their products are expected to exceed 17 million tonnes.