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The Financial Express

Ukraine needs to export 50m tons of grain this year 

| Updated: August 05, 2022 17:39:05


File photo (Collected) File photo (Collected)

Ukraine needs to export some 50 million tons of grain in the 2022-2023 marketing year amid the need to store last year's crops and grain from the new harvest, an industry body said on Wednesday. 

Ukraine is set to harvest 55-60 million tons of cereals and oilseeds this year, with domestic demand projected to be 20 million tons, the Ukrainian Agri Council said in a statement. 

Ukrainian farmers have already reaped some 12 million tons of cereals this year from 30 per cent of the planted areas, reports Xinhua citing the statement. 

Currently, Ukraine has 18-20 million tons of grain in its silos from last year's harvest, according to the Ukrainian government. 

On July 22, Ukraine and Russia separately signed a deal with Türkiye and the United Nations in Istanbul to resume grain shipments from Ukrainian ports to international markets via the Black Sea.  

In the 2021-2022 marketing year, Ukraine earned 22.2 billion U.S. dollars from the export of 61.52 million tons of cereals and oilseeds between July 1, 2021, and June 30, 2022, the state-run Ukrinform news agency reported in early July. 

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