Grain exports from Ukraine are 17% higher than last year's pace, while those from Russia are 19% behind

According to the State Customs Service, Ukraine exported 26.076 million tons of grain and leguminous crops in my 2021/22 as of December 6, which is 16.9% or 3.779 million tons higher than last year's figure.

According to the forecast of the Ministry of Agrarian Policy, Ukraine exports 56 million tons of grain and leguminous crops in my 2021/22 (against the USDA forecast of more than 60 million tons), which is 25% higher than the export of the 2020/21 season.

As of December 6 exports increased compared to the corresponding period of the previous season:

• wheat – by 20.7% to 14.602 million tons (against the forecast of 24 million tons),
• barley – by 34% to 4.965 million tons (against the forecast of 6 million tons),
• Rye – by 82.1 thousand tons to 82.9 thousand tons,
• corn-remained at the level of 6.207 million tons (against the forecast of 30 million tons).

At the same time, the export of flour decreased by 25% to 53.1 thousand tons, of which wheat – 52.4 thousand tons.

As of December 2, Russia exported (including to the Customs Union countries) 25.5 million tons of grain, oilseeds and their processed products, including 23.1 million tons of grain and leguminous crops, including 22.2 million tons of grain. The pace of exports is 19% lower than last year, although a week ago the gap was 18%.

Compared to the previous season exports decreased:

• wheat – by 18% to 18.8 million tons,
• barley – by 34% to 2.3 million tons.

At the same time exports increased

• corn – by 12% to 1 million tons,
• peas – by 65% to 0.7 million tons,
• wheat bran – by 11% to 0.4 million tons,
• wheat flour – by 19% to 0.1 million tons,
• flax-by 17% to 0.4 million tons.

In addition, the country exported 0.4 million tons of sunflower meal and 0.3 million tons of soybeans this season.

The Ministry of Agriculture lowered its forecast for grain and leguminous exports in the current season from 51 to 45-48 million tons, although the USDA estimates it at 50 million tons , in particular wheat – at 36 million tons, Barley – at 6 million tons, corn – at 4.5 million tons.

The introduction of quotas for grain exports from Russia in early 2022 will sharply reduce the volume of exports in the second half of the season.