Ukraine needs to export some 50 million tons of grain in the 2022-2023 marketing year amid the need to store last year's crops and grain from the new harvest, an industry body said on Wednesday.
Ukraine is set to harvest 55-60 million tons of cereals and oilseeds this year, with domestic demand projected to be 20 million tons, the Ukrainian Agri Council said in a statement.
Ukrainian farmers have already reaped some 12 million tons of cereals this year from 30 per cent of the planted areas, reports Xinhua citing the statement.
Currently, Ukraine has 18-20 million tons of grain in its silos from last year's harvest, according to the Ukrainian government.
On July 22, Ukraine and Russia separately signed a deal with Türkiye and the United Nations in Istanbul to resume grain shipments from Ukrainian ports to international markets via the Black Sea.
In the 2021-2022 marketing year, Ukraine earned 22.2 billion U.S. dollars from the export of 61.52 million tons of cereals and oilseeds between July 1, 2021, and June 30, 2022, the state-run Ukrinform news agency reported in early July.