Export

Today the President of the Ukrainian Chamber of Commerce and Industry, Gennady Chizhikov, and the Head of the Odesa Regional State Administration, Serhii Grinevetskiy, signed a Memorandum of Cooperation.

The number of countries to which Ukrainian wheat is supplied for more than $10,000 has grown from 32 to 50 in recent years. At the same time, more than 1,000 companies export Ukrainian wheat today.

Export quotes for Ukrainian sunflower oil rose to a 4-month high, adding almost $30 per tonne in one day.

For nine months, Ukraine generated $17.7 billion in export revenue from the sale of agricultural products.

A vessel with a cargo of domestic rye left the Mykolaiv port for Turkey. Thus, Ukraine exported rye to this country for the first time since 2009.

State Food and Grain Corporation of Ukraine JSC stopped grain export operations.

In January-August, the export of agricultural products from Ukraine increased by 9.5% compared to the same period last year (up to $15 billion). Imports to Ukraine increased by 20.5% (to $4.8 billion).

The Ministry of Agrarian Policy plans to sign a Memorandum on the maximum export limits for grain (wheat and corn) with participants of the grain market in October.

The limited supply and high prices for wheat from the Russian Federation alienate importers. Ukrainian wheat is becoming more affordable for them and, at the same time, a high-quality alternative.

Experts predict that the revenue from the export of wheat, barley, rapeseed and its processed products in the 2021/22 season can reach $31 billion.