In the 2024/2025 marketing year (from July to June), Ukraine exported 40.1 million tons of grain, which is 21% less than the previous year. These are the estimates from analysts who note that the physical volumes of exports decreased by 10.5 million tons. The largest reduction was observed in corn supplies — with exports down by 7.6 million tons, as well as wheat — down by 2.7 million tons.
This is reported by Finway
Reasons for the Export Decline and Impact on the Agricultural Sector
The main factors that influenced the reduction in exports were the decrease in corn yields due to a prolonged summer drought and the reduction of stocks formed back in 2022. At that time, Ukraine faced forced export restrictions due to the blockade of its sea ports. This led to a significant reduction in the volumes of grain that could be exported in the following years.
Price Increases Compensated for Volume Losses
Despite the noticeable decrease in physical export volumes, prices for major grain crops last season rose almost proportionally to the reduction in supplies. As a result, Ukraine’s export revenues remained nearly at the level of the previous season. By the end of the year, revenue from grain exports amounted to $8.1 billion — only 2% less than $8.3 billion in the 2023/2024 marketing year.
“Without the price increases, total export losses would have been around $1.7 billion”.
Even with reduced exports, Ukraine maintains key positions in the global grain market: fourth in the world for corn exports and sixth for wheat supplies.