Rising world grain prices are partially fueled by disappointing harvests in Ukraine, one of the world’s top five grain producers.

Rising world grain prices are partially fueled by disappointing harvests in Ukraine, one of the world’s top five grain producers. As of Friday, Ukraine’s grain exports were 13 million tons, down 12% yoy for the period since the July 1 start of the marketing year. Accounting for 16% of global grain exports, Ukraine exported 57.2 million tons during the last marketing year. With drought cutting this year’s overall grain harvest by 9%, to 68 million tons, the government predicts that exports could decline this marketing year by 17%, to 47.4 million tons.