Ukraine: Grain exports plunge 43% in June

Ukraine's grain exports plunged 43% year-on-year to 1.41 million metric tons in June, the agriculture ministry said on Friday, July 1, highlighting the damage being inflicted on a key sector of the economy by Russia's invasion.

Still, grain exports for the 2021-22 season ending June 30 rose 8.5% to 48.5 million tons, driven by strong shipments prior to the Feb. 24 invasion, the data showed.

Ukraine's grain exports have slumped since the start of the war as its Black Sea ports — the key route for shipments — have been largely closed off, driving up global food prices and prompting fears of shortages in Africa and the Middle East.

The ministry data showed wheat exports rose to 18.7 million tons in the 2021/22 season from 16.6 million a year earlier.

Corn exports edged up to 23.5 million tons from 23.1 million, while barley sales increased to around 5.8 million tons from 4.2 million.

The government has said Ukraine could harvest up 65 million tons of grain and oilseeds this year, compared with 106 million in 2021, due to the loss of land to Russian forces and lower grain yields.

The ministry said farmers in southern and eastern Ukraine had already started the 2022 harvest, threshing 293,800 tons of grain from around 1% of the sown area.

It said farmers had threshed 131,500 hectares and the grain yield averaged 2.23 tons per hectare.

01 July, 2022