Ministry of Agrarian Policy: Ukraine was able to balance the balance of grain production and export

After two years of full-scale war, Ukraine managed to equalize the market balance of grain production and export.

After two years of full-scale war, Ukraine managed to equalize the market balance of production and export of the main agricultural crops, said acting Minister of Agricultural Policy Taras Vysotskyi.

“This became possible thanks to the stability of agricultural producers and the development of logistics. Ukraine ends the current 2023/2024 marketing year with the final balance of agricultural products at the average statistical level, as it was until 2022. In the next marketing year, agricultural exports will amount to more than 60 million tons. And this shows that Ukraine remains the guarantor of global food security,” said the head of Ministry.

It is predicted that from the new harvest, the production of grain crops will amount to almost 56 million tons. Of them, wheat — 21 million tons, barley — about 5 million tons, corn — 28.5 million tons.

The total export of grain is forecast at the level of 43 million tons. In particular, wheat — 15 million tons, barley — 2.5 million tons, corn — about 25 million tons.

Previously, USM reported that minimum export prices for grain will be determined in Ukraine every month. The introduction of laws on minimum prices for the export of agricultural products will create mechanisms to combat shadow exports.