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Ukraine's October grain exports up 59%, ministry states

Ukraine's October grain exports rose 58.6% to 3.95 million metric tons from 2.49 million loads a. year previously on higher deliveries of corn, barley and wheat, the. farming ministry stated on Friday.

The figure included 1.64 million tons of wheat, 1.92 million. tons of corn and 376,000 tons of barley.

The ministry stated grain exports in the 2024/25 July-June. season reached 14.4 million lots since Nov. 1, up from about 9.2. million loads a year ago. It consisted of 7.7 million tons of wheat,. 4.7 million tons of corn and 1.7 million tons of barley.

Ukraine's federal government and farm associations have accepted. limit wheat exports in the 2024/25 season to 16.2 million tons. to keep sufficient products for the domestic market.

Traders have actually utilized practically 47.8% of the agreed wheat quota so. far. There are no curbs on exports of other products.

Ukraine's UCAB agricultural service association stated the. nation's general foodstuff exports jumped by 33.8% in. October versus September to 6.6 million tons.

The volume next to grains consisted of 1.2 million tons of. oilseeds, 590,200 lots of vegetable oils, 474,300 tons of meals. and 420,400 lots of other food products.

Export development is observed in all classifications of products. The. main factor for this development is completion of the harvest, UCAB. stated in a statement.

The 2024 combined grain and oilseed crop is anticipated to fall. to 77 million lots, consisting of about 54 million tons of grain,. the ministry has stated.

Ukraine's grain exports in the 2023/24 marketing season rose. to about 51 million lots from 49.2 million tons the previous. year.

(source: Reuters)