African countries boosting Ukrainian flour imports
Ukrainian exporters supplied roughly 31.5 KMT of flour to foreign markets in November 2016, or 5.5% more than in November 2015, reports UkrAgroConsult.
Thus, Ukrainian flour exports in 2016/17 are almost 3% higher than last season. Ukraine exported 155 KMT of flour in July-November 2016 against 150.6 KMT at the same time a year ago.
China remains the key destination market for Ukrainian flour this season – the country absorbed nearly a quarter of all the flour exported from Ukraine at the time. Like in the previous seasons, South Korea and Moldova also continue to be major buyers.
The current season gets featured by the emergence of African countries such as Angola and Somali as key destination markets for Ukrainian flour. In the period under review, Angola imported 12.7 KMT of flour from Ukraine, or 69% more than for the full last season. Exports to Somali even skyrocketed more than fivefold against MY 2015/16, to 10.1 KMT in the reporting period against 1.9 KMT last season.
UkrAgroConsult notes that this is the all-time largest volume of Ukrainian flour exports to these markets.
More information on Ukrainian flour market is available in UkrAgroConsult's report "Ukraine. Wheat flour and bran market".
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