Ukraine: 57% of the export quota are met

Ukraine's grain exports in the current 2020/21 season (July to June) have so far reached a volume of 15 million tons and are thus 16.4% below those of the previous year at the same time, the Ukraine Ministry of Economic Affairs reported at noon today.
Traders exported 1.54 million tons of corn, among other things. At the same time last year, 3.59 million tons of maize were exported. Wheat exports fell from 10.9 million tons to 10.1 million tons.
In order to avoid export restrictions, the Ukrainian government and the country's major traders reached an agreement at the beginning of the season that the wheat export volume should not exceed 17.5 million tons. Despite the high rate of exports, the government says it is not currently planning a review of the export quota. So far, 57% of the export quota has been used for the 2020/21 season.
Ukraine, which accounts for 16% of global grain exports, exported 57 million tons of grain in the 2019/20 season. Due to the smaller harvest, the government expects grain exports to decline to 47.4 million tons in 2020/21. The Ministry of Economic Affairs expects the 2020 grain harvest to decline to 68 million.Tons, due to adverse weather conditions. A record harvest of 75.1 million tons was achieved in 2019.

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