Monthly Export Overview

In July, Ukraine saw a 1.5% increase in its export of agricultural products, reaching a total of 5.4 million tons. This slight rise comes despite varying changes across different crop categories.

Grain Exports Decline

Grain crop exports decreased by 5% compared to June, totaling 3.7 million tons. This decline is broken down into:

• 42% corn
• 42% wheat
• 16% barley

Surge in Oil Crop Exports

In contrast, the export of oil crops surged 2.4 times to 514 thousand tons. The composition of these exports includes:

• 54% rapeseed
• 44% soybeans
• 1% sunflower

Stable Vegetable Oil Exports

Exports of vegetable oils remained stable at 479.5 thousand tons, with the breakdown as follows:

• 92% sunflower oil
• 6% soybean oil
• 2% rapeseed oil

Decrease in Oil Cakes Exports

Oil cakes, the byproduct of oil extraction, saw a 20% decrease in exports to 372.6 thousand tons. These exports consisted of:

• 83% sunflower oil cake
• 17% soybean oil cake

Increase in Other Agricultural Products

Exports of other agricultural products increased by 28%, totaling 358.7 thousand tons.

Market Dynamics and Future Outlook

For the second consecutive month, the volume of exports remains relatively low as existing stocks are depleted and the harvest is not yet fully underway. Currently, only barley and canola have been fully harvested.

The most notable growth in July was seen in the export of oil crops, driven by the completion of the rapeseed harvest. This also positively impacted the export volumes of wheat and barley.

Looking ahead, it is expected that in August, as the harvesting campaign progresses, the export volume of grain crops will increase. Additionally, the rate of oilseed exports is anticipated to remain high.

Ukraine's agricultural export landscape is showing signs of resilience, with a modest overall increase despite significant fluctuations in individual categories. The surge in oil crop exports, particularly rapeseed, highlights the dynamic nature of the market. As the harvesting season continues, stakeholders can anticipate further shifts, particularly an uptick in grain exports. Monitoring these trends will be crucial for optimizing export strategies and maintaining market stability.