Ukraine. Flour exports at a five-year low

11.01.2019

This season’s overall export shipments of Ukrainian flour are at the lowest level since MY 2013/14, reports UkrAgroConsult. So, Ukrainian exporters shipped abroad 94.3 KMT of flour in July-November 2018/19, or 54.4% less than in the same period last season. Though Ukraine stepped up flour exports in October-November 2018/19.

Although China remains the largest buyer of Ukrainian flour, imports to this market fell more than threefold during the first five months of MY 2018/19, to 19.7 KMT compared with 61.6 KMT it bought a year earlier.

Among key destinations, the greatest slump at the time happened in exports to Somalia, which imported 1.6 KMT of flour against 8.8 KMT in the same period in MY 2017/18. The United Arab Emirates also slashed purchases during those months (-71%).

At the same time, a surge is observed in Ukrainian flour supplies to Singapore, which purchased 14.6 KMT in the reporting period against 4.2 KMT a year earlier. Lebanon and Palestine also increased imports in the period under review (up 68% and 36%, respectively).

More information on tenders is available to subscribers for weekly market report "Black Sea Grain" by UkrAgroConsult. Analytical report "Black Sea Grain" contains detailed information on the latest trends in grain exports, supply and demand balances with breakdown by crop, price behavior, crop conditions and progress in harvesting/planting in the countries of Black Sea region.

If you need fast and reliable analytical tool, historical and current market data, daily updates on grain, oilseed and pulses markets, try out a new innovative tool for agri market participants – AgriSupp.com. We offer 2-week trial! Completely free!

 

UkrAgroConsult

 

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