Ukrainian grains export digest May 2017

15 June 2017

Ukrainian grains export in May 2017 made close to 3.75M tons, which was higher vs. both previous month (grains export volume in April made 3.4M tons) and May 2016 level (close to 2.5M tons).

Ukraine keeps demonstrating sizable export volumes despite we are now close to the end of current marketing year.

According to Ukrainian Ministry of Agriculture, since the beginning of current season and till 8th June Ukrainian companies exported 41.7M tons of grains (vs. about 39.5M tons for the whole previous season). Wheat export made 17M tons, barley 5.3M tons, corn 19.2M tons.

Corn export in May has been quite active (2.65M tons vs. 1.95M tons in April and close to 1M tons a year ago). Interesting is the fact that wheat export remained relatively high and made 1M tons (which is slightly below than in May 2016, but it is still very high volume taking into account that basing on official statistics wheat stock in Ukraine as of beginning of May have been rather low). Barley export in May comprised slightly more than 100k tons.

In money terms Ukrainian grains export in May made USD 602M (vs. USD 547M in April).

As a reminder, in current season total Ukrainian grains output was record-high and is estimated (by official statistics) at 66M tons (vs. 60M tons in My2015/16). Initially export potential was estimated by various sources at 39-41M tons. So basing on current figures grains export already exceeded even the most optimistic expectations (which can also mean that factual size of Ukrainian grains crops was higher than even record-high official figures).

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Company Price, USD Market Cap Change,%
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Kernel
Ferrexpo
Astarta
Ovostar

Type Price Weekly change,% Annual change,%
Corn CBOT
Wheat CBOT
Iron Ore
Crude Oil

Currency Rate Weekly change,% Annual change,%
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USD/RUR