Mumbai, May 2 (Commodities Control): War torn Ukraine is likely to witness a sharp drop in exports of agricultural in the upcoming 2024/25 July-June season following. As per the Reuters report, the country's export of agri commodities wheat and corn could fall by nearly a quarter.
Disclosing for the first time, the official forecast for 2024/25, the first deputy agriculture minister, Taras Vysotskiy said the export of wheat could fall to 14 million metric tons from 18 million tons in 2023/24.
Corn exports could fall to 20-21 million tons from 27 million, although barley shipments are expected to be steady at 3 million tons, he said.
Apart from the impact of war on available farmland, the grain harvest can suffer from frosts in May or drought in May-June.
Vysotskiy said that so far crops are in good condition and the ministry "has yet to see any negative factors that would affect the harvest".
The prediction of lower exports follows forecasts of lower production from the ministry last month. It said Ukraine's grain harvest was likely to fall to about 52 million metric tons this year from 58 million tons in 2023, mostly because of a reduced sowing area.
Ukraine's 2023 grain crop totalled around 60 million tons, including 22.2 million tons of wheat and 30.5 million tons of corn and 5.7 million tons of barley.
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