23.
10.20
16:25

Ukraine is expected to reach its export quota in the spring

Ukraine is expected to hit its wheat export quota for the 2020-21 marketing year next March or April due to the drought and the pandonavirus pandemic (COVID-19), traders told Reuters yesterday. Traders and the Ukrainian government have agreed that the volume of wheat available for export from July to June this season must not exceed 17.5 million tons.
The COVID-19 pandemic has led some countries to set quotas for grain exports for the current marketing year to ensure adequate domestic supplies.
Meanwhile, grain production in Ukraine could drop to 68 million tonnes in 2020-21, compared to a record 75 million tonnes due to the severe drought in most of the country.
The winter sowing comprises 4.6 million hectares of winter wheat or 76% of the expected area and 628,300 hectares of winter barley or 66% of the expected area.
By October 23, Ukraine had exported 10 million tons of wheat (around 57% of the quota), according to the Ukrainian Ministry of Economy.It also found that the country's total grain exports so far this season have fallen by almost 13%.
Traders told Reuters that an additional 1 million tons of wheat will be exported in the coming weeks and at least 3 million tons of wheat have already been allocated for future exports.

Source
Hansa Terminhandel GmbH
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