SovEcon Projects Significant Decline in Ukrainian Wheat and Corn Exports for 2024-25

Wheat

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Black Sea market analyst SovEcon forecasts a 25% decrease in Ukrainian wheat exports for 2024-25, totaling 13.6 million tons, and a 23% drop in corn exports, bringing the total to 22 million tons. This significant reduction is attributed to a decline in the planted area and yields. Additionally, SovEcon noted that carryover stocks have diminished due to the high export pace in the current season.