Russian wheat coming to Ukraine’s export markets

30.11.2016

Potentially, Russian wheat supplies to the global market can hit a new high this season. In fact, the pace of exports is far from record fast, reports UkrAgroConsult. Russian exporters shipped abroad about 10.4 MMT of wheat in July-October 2016/17, or 1.5% less than at the same time last season. However, this article will dwell on another trend: growth of coarse wheat shipments and declining exports of high-protein wheat.

In the last several seasons Russia mostly exported wheat containing 12% and more protein. However, due to increasing supply of grains of other qualities in Russia, Russian grain traders actively look for new export destinations in the current season, Marina Sych, analyst of UkrAgroConsult, estimates. They are also focused on promoting their commodities to quite unusual markets for Russia, i.e. to key destination markets of Ukrainian wheat.

The key zones of risk in this segment are Southeast Asian countries and MENA region.

Full version of the article is available to subscribers for weekly ag market report “Black Sea Grain & Oil” and “Online market review” by UkrAgroConsult.

Further prospects of the Black Sea grain market in the upcoming 2017/18 season will be discussed at the XIV International Conference “Black Sea Grain: Wind of Change”, which will take place on April 5-6, 2017 in InterContinental hotel, Kiev, Ukraine.

Black Sea Grain conference is large international platform, offering high quality market analysis and networking opportunities for the global leaders of grain and oilseed industry. The event is annually attended by over 800 agribusiness representatives from more than 400 companies and 50 countries worldwide.

 

UkrAgroConsult

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