Ukraine: Grain and Feed Quarterly

Ukraine’s marketing year (MY)2023/24 has concluded for wheat, barley, and rye, but is still ongoing for corn. Ukraine established a stable export corridor in the Black Sea, allowing its major marine ports (Odesa, Chornomorsk, and Pivdenny) to keep grain exports flowing at rates slightly higher than in MY2022/23. This translated into a drawdown of MY2023/24 ending stocks to the current low levels. The European Union remains major destination for all grains, at the same time, Ukrainian exporters continue to expand their footprint by reclaiming traditional markets previously lost due to Russia’s full-scale invasion.