Ukraine boosted wheat exports by 9%

23.11.2016

Ukraine exported roughly 2058 KMT of wheat in October 2016 that is comparable with exports in the same month last year (2068.5 KMT in October 2015), reports UkrAgroConsult.

For the first four months of 2016/17, Ukrainian wheat exports increased 9.1% year-on-year to 8235.8 KMT against 7548.8 KMT in July-October 2015/16.

According to UkrAgroConsult data, the period under review saw substantially higher deliveries to the markets of Bangladesh, Indonesia, Philippines, Libya, and Lebanon. Ukrainian exporters managed to ship 510 KMT of wheat to Morocco compared with 551 KMT for the entire season of 2015/16. Supplies of Ukrainian wheat to the Algerian market have already exceeded last year’s volume by 18.5% and reached roughly 126 KMT.

In the first four months of the season the Indian market absorbed over 8% of the total wheat volume exported from Ukraine at that time (672.3 KMT).

Ukrainian wheat shipments to the European Union market are comparatively sluggish because no new duty-free export quotas are present to date. Another reason is wheat purchases by EU member states from the European Union’s domestic market.

wheat export ukraine

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.

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