Ukraine: Export shipments of corn increased by 61%

From the beginning of the current MY and as of the first decade of February, the volume of export supplies from Ukraine amounted to 13.000.000 t, which exceeds last year’s figure by 4.450.000 t.

Such information was provided by Ministry of Agrarian Policy.

In addition, 11.600.000 t of wheat were also exported from Ukraine, which is 850.000 t less compared to the last year’s figures. Barley shipments reached 3.270.000 t, which is also 700.000 t less than it was shipped in the previous year. Rye supply volumes reached 87.000 t. Increase in the supply of this crop reached nearly 74.000 t.

To sum up, during the reporting period, 28.500.000 t of grain crops were supplied, which is almost 4 million tons more than last year.

Ukraine increased export shipments of corn by 61% compared to the previous year. This growth is associated with an increase in corn production in the country and an increase in demand from foreign markets, which are increasingly paying attention to Ukrainian products. Ukraine has become one of the largest suppliers of corn in the world, competing with countries such as the US, Brazil and Argentina.

The leading importing countries of Ukrainian corn are Japan, Spain, South Korea, Saudi Arabia, Turkey and others. High quality products and competitive prices make Ukrainian corn attractive to foreign buyers.

The growth in corn exports has a positive effect on the Ukrainian economy, increasing foreign exchange earnings in the country and creating new jobs in production. In addition, it stimulates the development of agriculture and increases the interest of investors in the agricultural sector of Ukraine.