In the 2024/2025 marketing year, which spans from July to June, Ukraine significantly reduced its grain export volumes. According to expert estimates, the export volume amounted to 40.1 million tons, which is 10.5 million tons, or 21%, less compared to the previous season.
This is reported by Business • Media
Main Reasons for Export Decline
The largest decrease was observed in the corn segment—exports of this crop fell by 7.6 million tons. Wheat exports were down by 2.7 million tons compared to last season. The main reasons for this decline were the reduced corn harvest due to summer drought and the depletion of stocks accumulated in 2022 following the export restrictions caused by the blockade of Ukrainian ports.
High Prices Compensated for Volume Losses
Despite the decrease in physical export volumes, prices for major grain crops increased significantly. This allowed farmers to nearly maintain the level of export revenue. By the end of the season, revenues from grain exports amounted to $8.1 billion, which is only 2% less compared to the $8.3 billion earned in the previous marketing year. If prices had not risen, total export losses could have reached about $1.7 billion.
Thanks to the increase in grain prices, Ukraine’s export revenues remained nearly at last year’s level.
Despite the decline in exports, Ukraine maintains significant positions in the global agricultural market: fourth place in corn exports and sixth place in wheat exports.