Ukraine’s Grain Shipments Declined 54% in January, ProAgro Says

Ukraine’s grain exports declined about 54 percent in the first 25 days of January to 780,760 metric tons, ProAgro said, citing preliminary ports information.

That compared with 1.68 million tons a month earlier, the Kiev-based agricultural researcher said today in an e-mailed statement.

Corn shipments declined to 588,440 tons in January compared with 1.24 million tons in December, according to the statement. Wheat exports fell to 120,900 tons from 393,360 tons a month earlier.

The country’s wheat exports will probably decline in the short term, ProAgro said, and may rebound in the medium term should Russia start limiting grain shipments from April 1, the researcher said. All market participants expect wheat prices to rise in the near future, according to the statement.

Sunflower oil exports in the period rose to 195,500 tons, ProAgro said. Rapeseed exports declined about 21 percent to 41,500 tons.

Rapeseed exports for the marketing year that started July 1 are estimated at 1.3 million tons and the country will probably be able to export the oilseed for another three months, the researcher said.

To contact the reporter on this story: Kateryna Choursina in Kiev at kchoursina@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net

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