Increased Barley Export and New Crop Assessment in Ukraine

by Olha Povaliaieva
Wednesday, January 26, 2022
Increased Barley Export and New Crop Assessment in Ukraine

Analysts predict large crop volumes and equally significant crop demand

Already, export figures for Ukrainian grains are 50% higher than in the same period last year. In almost all crops, gross harvests and average yields were higher. Maize, wheat, and sunflower seeds were the most productive in 2021. Experts hope that by 2022 yields will increase because demand for the product is growing.

For example, investing-in-ukraine/business-opportunities/agricultural/" rel="dofollow">agricultural industry analysts expect higher shipments in the second half of the season, so the forecast for barley export is higher. The same goes for corn seeds. The main demand for grain in China; Algeria is also interested in Ukrainian wheat.

"The current season is characterized by more active shipments in the first half of the season due to demand from China," noted Ukrainian analyst Maryna Marinic.

It also notes that a good export indicator is expected in the second half of the season. It will also exceed last year’s indicator. Analysts, therefore, increased their estimates of barley export in 2021/22 due to reduced domestic consumption (in favor of increased maize consumption for seed and export).

Already at the end of January, wheat export from Ukraine may exceed 1 million tons. Despite this, Ukraine will still have about 30 million tons. It should be noted that in the second season of 2021, grain reserves totaled a record 32.5 million tons.

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