Ukraine continues to import buckwheat at a fast pace

08.06.2018

A substantial rise in buckwheat imports to Ukraine is observed this year. Ukrainian companies brought to the country over 15.1 KMT of buckwheat in July-April 2017/18 that is already 94% more than in the whole of MY 2016/17 (7.8 KMT). The lion’s share of this buckwheat (68%, or 10.2 KMT) came from Russia, while the rest was imported from Kazakhstan, UkrAgroConsult notes.

At the same time, buckwheat production in Ukraine hit a five-year high of 180 KMT in 2017. Production of buckwheat groats increases correspondingly. So, 19.4 KMT of buckwheat groats were produced in January-April 2018 that was up 24% on the year. Millers made a total 54.5 KMT of this product in 2017, or 1.3% more than in 2016.

It should be pointed out that this year’s buckwheat seeding is 66% the progress of last year. Farmers had planted just 64% of its projected area by June 7 (96 Th ha out of 151 Th ha). As this work is slowing down, Ukraine’s planted area of buckwheat may fell to a new low this year, reports UkrAgroConsult’s analysts.

However, it is worth adding that buckwheat inventories in the country remain high due to a combination of rising imports and the 2017 crop. Storage and processing companies held 14.3 KMT of buckwheat as of May 1, or 129% more than on the same date last year.

More information on crop conditions and progress in planting in the countries of Black Sea Region is available to subscribers for weekly market report “Online market review” by UkrAgroConsult.

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

 

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