Barley exports from Ukraine down 20%

02.07.2018

Barley exports from Ukraine grew to 73.9 KMT in May 2017/18 against 12.6 KMT in the previous month. At the same time, this is 36% less than in May 2017 (115.4 KMT), reports UkrAgroConsult.

In July-May 2017/18, Ukrainian barley exports decreased 20% to 4.2 MMT against 5.2 MMT in the same period last season.  Noteworthy, wheat exports declined to 16.3 MMT or 3% less than in the same period in MY 2016/17.

In the period under review, a significant rise was observed in barley shipments to China: 789.4 KMT versus 300.5 KMT a year ago. Simultaneously, Ukraine boosted barley exports to the EU and Turkey by 31% and 32%, respectively.

At the same time, a drop happened in barley supplies to key markets such as Saudi Arabia (down 21% at 1.8 MMT) and Libya (down 71% at 269.3 KMT).

At the same time, according to the State Statistics Service, barley inventories dwindled by 14.6% from a year ago, to a bit more than 709.3 KMT against 830.6 MMT in June 2017, UkrAgroConsult’s analysts note.

In general, stocks of cereals and pulses in Ukraine totaled 8.84 MMT as of June 1, 2018. This is down 6% from the same date last year (8.84 MMT).

Wheat stocks were down 8.9% at 2.74 MMT versus 3.0 MMT on June 1, 2017, according to the State Statistics Service.

Corn stocks went down too. They totaled 4.31 MMT as of the reporting date that is 6.1% less than a year ago (4.59 MMT).

More detailed information on the latest trends in grain exports, supply and demand balances with breakdown by crop in the countries of Black Sea Region is available to subscribers for weekly market report "Black Sea Grain" by UkrAgroConsult.

 

UkrAgroConsult

Readers choice: TOP-5 articles of the month by UkrAgroConsult