Turkey resumed imports of Ukrainian wheat


According to preliminary information, Ukraine exported 1053 KMT of wheat in March 2017, or almost as much as in the same month last year (1070 KMT was in March 2016), reports UkrAgroConsult.

In March the key end market for Ukrainian wheat was Egypt. Ukraine supplied a season-record 347.5 KMT of wheat to Egypt that month. This represented 33% of total exports at the time.

The European Union also revived imports of Ukrainian wheat in March. That month the EU absorbed over 26% of all the supplies – 278 KMT. Thus, in March, EU countries imported 30% of all the Ukrainian wheat purchased since the beginning of 2016/17 (970 KMT).

In addition, in view of the heightened tension between Russia and Turkey, shipments to the Turkish market became more active in March. 46 KMT of wheat was supplied to Turkey that month – the largest volume since the season’s beginning (a total 73.4 KMT in MY 2016/17). As a reminder, 112 KMT of Ukrainian wheat was exported to Turkey in MY 2015/16.

Ukraine exported a total 14.615 MMT of wheat in the nine months of MY 2016/17, or 13% more than at the same time last season.



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