Exports of grains and oilseeds in the 2020/2021 marketing year (MY, September - August) will amount to 46.8 million tons, which is a quarter less than in the record 2019/2020 MY. This was reported by the Ukrainian Grain Association (UGA) with reference to the data of grain traders.

The volume of exports of these crops in the current season will not exceed the values specified in the annexes to the memorandum signed by the Ministry of Economy and market participants.

UZA specified that the rate of grain export is now significantly lower than last year, which is due to the conjuncture of world markets.

The association expects that wheat exports in the current season will not exceed 16 million tons (the memorandum's limit is 17.5 million tons). The export of corn will not exceed 22 million tons (in the memorandum - 24 million tons).

Since the beginning of 2020/2021 MY, Ukraine has exported 37.9 million tons of grains and legumes, which is 23.6% less than on the same date of the previous MY.

Context. According to the information and analytical portal of the agro-industrial complex of Ukraine, as of April 26, 14.8 million tons of wheat, 18.2 million tons of corn, 4.1 million tons of barley and 102.2 thousand tons of flour were exported.

According to the State Customs Service, by the end of 2020, Ukraine exported agricultural products worth $ 22.39 billion, breaking the record figure of 2019 at $ 22.35 billion. The key products of domestic agricultural exports are traditionally grains and oilseeds.

At the end of the 2019-2020 MY, Ukraine ranked second after the United States in terms of the total volume of grain exports. The result of Ukraine amounted to $ 9.6 billion, or 40% of foreign exchange earnings in the country.

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