29 March, 2021

Ukraine: Economy ministry increases barley export forecast

Ukraine's economy ministry has slightly increased its forecast for Ukrainian barley exports in the 2020/21 July-June season to 4 million tonnes from 3.815 million a month earlier, local traders union said late on March 26.

The upward revision caused an increase in the overall grain exports to 45.67 million tonnes from the previous forecast of 45.42 million tonnes.

The ministry also reduced Ukraine's 2020 grain harvest volume to 64.94 million tonnes from 65.48 million due to a revised wheat and barley harvest.

The ministry cut 2020 wheat crop volume to 24.88 million tonnes from 25.1 million and barley to 7.64 million tonnes from 7.76 million tonnes.

The ministry gave no reason for the new figures.

Ukraine is among the largest global grain exporters, selling about 57 million tonnes to foreign buyers in the 2019/20 season from its record 2019 harvest of 75 million tonnes.

This year, the crop could exceed 75 million tonnes thanks to excellent weather conditions.

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