Ukraine 2024/25 grain exports seen falling to 40 mln T due to smaller crop, official says
Abnormal heatwaves cut Ukraine grain crop
Grain exports seen falling due to smaller harvest
War risks may affect Ukrainian exports
By Pavel Polityuk
KYIV, Oct 11 (Reuters) -Ukraine's 2024/25 grain exports are likely to decrease to around 40 million metric tons from almost 51 million tons in 2023/24 due to a smaller harvest, the first deputy agriculture minister Taras Vysotskiy said on Friday.
"The harvest (of 2024) due to difficult weather conditions is a bit smaller and there are no carryover stocks from previous periods and exports will be around 40 million tons," Vysotskiy told national television.
Abnormal heatwaves dominated most Ukrainian regions this summer, sharply reducing the yield of corn and other late crops.
Farm minister Vitaliy Koval told Reuters last month that Ukraine, grain net-exporter, would keep its exports at a high level despite a smaller harvest and could ship abroad 16.2 million tons of wheat and 21.7 million tons of corn in the 2024/25 season.
Traders exported 18.4 million tons of wheat and 29.4 million tons of corn in 2023/24 also due to high stocks from previous seasons, when key Ukrainian seaports were blocked because of the Russian invasion.
Ukraine is a major global grain grower and before Russia's invasion in 2022 the country exported about 6 million tons of grain alone per month via the Black Sea. About 85% of Ukrainian food exports now leaves Ukraine from its Black Sea ports.
"This is not a record volume (of 2024 grain harvest) and therefore we are confident that the existing infrastructure ... will allow this average volume to be exported," Vysotskiy said.
Ukraine has exported 11.7 million tons of grain so far the 2024/25 July-June season, up from about 7.42 million tons over the same period of the previous season, agriculture ministry data showed on Friday.
Traders shipped abroad 1.29 million tons of grain so far in October versus 667,000 tons over Oct. 1-11 last year.
Local producers however said that increased attacks by Russia on ships carrying agricultural products in the key Black Sea ports were complicating export logistics and affecting freight costs.
Insurance sources said on Thursday the war premiums had jumped around 30% this week to just over 1% of the value of the vessel from around 0.7% in early September, which would mean hundreds of thousands of dollars in extra costs.
Vessels calling at Ukraine were at "heightened risk of direct attack by Russian forces", British maritime security company Ambrey said in a note.
Russian ballistic missiles attacked the Odesa region again on Friday, becoming the fourth such attack since Sunday.
Assitional reporting by Anastasiia Malenko; editing by David Evans
Berita Terbaru
Pengungkapan: Entitas XM Group menyediakan layanan khusus eksekusi dan akses ke Fasilitas Trading Online kami, yang memungkinkan Anda untuk melihat dan/atau menggunakan konten yang tersedia pada atau melalui situs, yang tidak untuk mengubah atau memperluas, serta tidak mengubah atau memperluas hal tersebut. Akses dan penggunaan ini selalu sesuai dengan: (i) Syarat dan Ketentuan; (ii) Peringatan Risiko; dan (iii) Pengungkapan Penuh. Oleh karena itu, konten disediakan hanya sebagai informasi umum. Anda juga harus ketahui bahwa konten Fasilitas Trading Online kami bukan sebagai ajakan atau tawaran untuk untuk melakukan transaksi apa pun di pasar finansial. Trading di pasar finansial mana pun melibatkan tingkat risiko yang signifikan pada modal Anda.
Semua materi yang diterbitkan di Fasilitas Trading Online kami hanya untuk tujuan edukasi/informasi dan tidak boleh mengandung nasihat dan rekomendasi finansial, pajak investasi atau trading, catatan harga trading kami, penawaran, permintaan, transaksi dalam instrumen finansial apa pun atau promo finansial untuk Anda yang tidak diminta.
Konten pihak ketiga apa pun, serta konten yang disiapkan oleh XM, seperti opini, berita, riset, analisis, harga, informasi lain atau link ke situs pihak ketiga yang tersedia "sebagaimana adanya", sebagai komentar pasar umum dan bukan menjadi nasihat investasi. Sejauh konten apa pun ditafsirkan sebagai penelitian investasi, Anda harus memperhatikan dan menerima bahwa konten tersebut tidak dimaksudkan dan belum disiapkan sesuai dengan persyaratan hukum yang dirancang untuk mempromosikan kemandirian riset investasi dan dengan demikian akan dianggap sebagai komunikasi pemasaran di bawah hukum dan peraturan yang relevan. Mohon dipastikan bahwa Anda telah membaca dan memahami Notifikasi pada Riset Investasi Non-Independen dan Peringatan Risiko kami mengenai informasi di atas, yang dapat diakses disini.
