Philippines importing Ukrainian wheat at a record pace

24.01.2018

1264 KMT of wheat was exported from Ukraine in December, or 10% less than in the same month last year (1409 KMT).

In total, Ukrainian exporters supplied abroad some 11.3 MMT of wheat in the first half of the current season. This is just a slightly smaller volume than at the same time last marketing year (11.5 MMT was in July-December 2016/17), reports UkrAgroConsult.

Indonesia has become the main end market for Ukrainian wheat this season. The country absorbed 16% of total supplies at the time, or roughly 1.8 MMT – this is already 11% more than exported there during the whole last season. Bangladesh and Egypt also remain major importers of wheat from Ukraine. Active shipments continue to the market of Turkey.

In addition, the current season featured record-high wheat exports from Ukraine to the Philippine market. The country imported 865 KMT of Ukrainian wheat in the first half of MY 2017/18 (including 97% of feed wheat), or 26% more than last season’s volume. This is the fastest pace of Ukrainian wheat exports to this market since MY 2008/09, when Ukraine supplied over 1.13 MMT of wheat to Philippines.

Further prospects of the Black Sea grain market in the upcoming 2018/19 season will be discussed at the XV Internationl Conference "Black Sea Grain", which will take place on April 18-19, 2018 in the IncreContinential hotel, Kiev, Ukraine.

“Black Sea Grain” Conference is a major meeting place for the top agribusiness community, 2 days of exclusive market insights from the leading global experts and effective networking.

120+ agribusiness companies from 25+ countries already registered to take part.

Conference participants are represented by international producers and crushers of grains and oilseeds, agri holdings, traders, banks and investment funds, shipping, brokerage, insurance, surveying, law and consulting companies, etc.

Find out the Speakers and Preliminary Agenda of the XV International Conference “Black Sea Grain-2018”.

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