Ukraine reduces the rate of grain exports, as Russia is stepping up

According to DFS, in the 2018/19 season as of 17 October Ukraine exported 11.1 million tons of grain, 400 thousand tons lower than in the previous year.

So, in comparison with the previous season

barley fell by 1.03 million tonnes to 2.3 million tonnes,

the rye - rose to 51.1 thousand tons to 57.3 thousand MT,

corn - increased by 609 thousand tonnes to 1.9 million tonnes,

flour – decreased by 62.4 thousand tons to 57.6 thousand tons.

• wheat export decreased by 179 thousand tonnes to 6.68 million MT,

following the revision of forecasts of crop experts have changed the rating of grain exports in the current season from 44.2 to 43.4 million t. it is Expected that Ukraine will be able to export:

wheat – 16.7 million tonnes,

barley and 5.4 million tons.

• corn – 20.4 million tons,

as a Result of low corn prices and caused poor performance of the Railways weak export demand, grain elevators have already almost filled with grain, and receipts of the new crop can block the shipment of other cultures.

According to the forecast of the Ministry of agriculture of the Russian Federation in the current season the country will gather 106 million tonnes of grain and export 30-35 mln tonnes as at 11 October grain exports compared to the same period last year increased by 23.7% to 13,647 16,885 million tons, in particular, wheat export – 36.7% to 14,426 million tons of High export prices and strong demand for Russian wheat in the near future will contribute to increasing the pace of exports.