Crop production in Ukraine is one of the most important branches of the agricultural sector, which has a notable impact on the country’s economy. Grain crops, in particular corn and wheat, are major export products that provide foreign exchange earnings and contribute to the development of the agricultural sector. This report analyzes the Ukrainian grain market, focusing on the markets for corn, wheat and other grains.
Crop market report by BDO in Ukraine provides a detailed analysis of the corn and wheat markets, helping to understand the industry trends, make strategic decisions and attract investment.
Armed conflict led to a temporary decline in yields, but the reforms and support to farmers have helped yields reach their highest level in the last 5 years in 2023. Wheat remains an important export despite logistical challenges.
Significant damage to the logistics network in 2022 prompted the active restoration of elevators, granaries and transportation infrastructure. Adoption of digital flow management technologies helps to reduce losses and improve efficiency.
Ukraine is gradually stabilizing its wheat and corn markets and maintains its leading position in the global agricultural trade. Efficient resource management, innovation and partnership with international investors lay the foundation for long-term growth.
In 2023-2024, the market for other grain crops in Ukraine demonstrates growth due to the adaptation of agricultural technologies, an increase in the acreage under barley, oats and sorghum. High profitability and resistance to climate change contribute to the popularity of these crops. Government support and international programs are helping to increase yields and introduce innovations.
Ukraine continues to export barley, oats and sorghum, focusing on the markets in the Middle East and North Africa. Due to the blockade of sea routes, alternative routes are being developed: river, rail and land. The opening of the humanitarian corridor has partially restored sea transport. Investments in ports and container logistics are increasing transport efficiency.
Infrastructure has been shifted to the central and western regions due to the destruction caused by the war. Temporary grain storage facilities and mobile elevators are being actively constructed. Expansion of rail transport and creation of hubs in Poland and Romania stabilize exports.
Key investments are aimed at expanding elevator capacity and modernizing the railway infrastructure. Private companies and international organizations are providing funding to support the competitiveness of the industry.
Despite the challenges, the Ukrainian market for other grains has prospects for stable development.
For a deeper understanding of the trends and opportunities in the agricultural sector, read the full research by BDO in Ukraine.
The report is available in Ukrainian.
To receive detailed advice and expert support for companies in the Ukrainian agricultural sector, please contact BDO in Ukraine. Our professionals are ready to help you with all your questions and provide quality recommendations for the successful development of your business.
*This publication contains general information only and does not constitute professional advice or service. Before making any decision or taking any action that may affect your finances or business, you should consult a qualified professional advisor.
Corn market
Current status and forecast
Infrastructure development and significant investments have contributed to the growth of corn storage, transportation and processing capacities. By modernizing elevators, upgrading grain carriers and improving logistics, Ukraine is strengthening its position on the global market.
Key conclusions:
- Ukraine’s corn yields remain above the global average, demonstrating the efficiency of the industry.
- Despite the challenges posed by armed aggression, the market is stabilizing and the long-term forecast predicts gradual growth.
- Investment in deep corn processing and the introduction of innovative technologies are improving the product quality and diversifying its use.
Wheat market
Market conditions and export prospects
Armed conflict led to a temporary decline in yields, but the reforms and support to farmers have helped yields reach their highest level in the last 5 years in 2023. Wheat remains an important export despite logistical challenges.
Infrastructure challenges
Significant damage to the logistics network in 2022 prompted the active restoration of elevators, granaries and transportation infrastructure. Adoption of digital flow management technologies helps to reduce losses and improve efficiency.
Key conclusions:
- Despite the decline in acreage, wheat yields in Ukraine are higher than the global average.
- Wheat exports are stabilizing, but the long-term challenges require rebuilding infrastructure and supporting foreign markets.
- Investment in development of the processing capacity and the latest agricultural technologies remain a priority for strengthening competitiveness.
Future outlook
Ukraine is gradually stabilizing its wheat and corn markets and maintains its leading position in the global agricultural trade. Efficient resource management, innovation and partnership with international investors lay the foundation for long-term growth.
Market of other grain crops: Current state and prospects
State of the market
In 2023-2024, the market for other grain crops in Ukraine demonstrates growth due to the adaptation of agricultural technologies, an increase in the acreage under barley, oats and sorghum. High profitability and resistance to climate change contribute to the popularity of these crops. Government support and international programs are helping to increase yields and introduce innovations.
Export and logistics
Ukraine continues to export barley, oats and sorghum, focusing on the markets in the Middle East and North Africa. Due to the blockade of sea routes, alternative routes are being developed: river, rail and land. The opening of the humanitarian corridor has partially restored sea transport. Investments in ports and container logistics are increasing transport efficiency.
Infrastructure
Infrastructure has been shifted to the central and western regions due to the destruction caused by the war. Temporary grain storage facilities and mobile elevators are being actively constructed. Expansion of rail transport and creation of hubs in Poland and Romania stabilize exports.
Investment
Key investments are aimed at expanding elevator capacity and modernizing the railway infrastructure. Private companies and international organizations are providing funding to support the competitiveness of the industry.
Main conclusions
- Stable acreage and high yields ensure competitiveness.
- Export orientation and low prices support global market demand.
- Further growth possible with investment in logistics and infrastructure.
Despite the challenges, the Ukrainian market for other grains has prospects for stable development.
For a deeper understanding of the trends and opportunities in the agricultural sector, read the full research by BDO in Ukraine.
The report is available in Ukrainian.
To receive detailed advice and expert support for companies in the Ukrainian agricultural sector, please contact BDO in Ukraine. Our professionals are ready to help you with all your questions and provide quality recommendations for the successful development of your business.
*This publication contains general information only and does not constitute professional advice or service. Before making any decision or taking any action that may affect your finances or business, you should consult a qualified professional advisor.
