Ukraine increased rice imports by 71% in the 2017/18 season


Despite stable production, growth in inventories and a drop in consumption, rice imports to Ukraine are higher this marketing year than in the previous seasons. Their pace was the fastest in August-January 2017/18, reports UkrAgroConsult.

In total, 53.7 KMT of rice was brought to Ukraine during the first eight months of MY 2017/18 (July-February). This is up 71% year-on-year (31.43 KMT in July-February 2016/17) and 19% more than at the same time in MY 2015/16 (45.0 KMT).

The largest rice suppliers to Ukraine are Pakistan and India, which account for a combined over 60% of imports. Kazakhstan (18%) is on the top three list for a second season in a row, having taken over the third place from Vietnam, another major player in the Ukrainian rice market. Traditionally, Thailand and Russia are actively present in the Ukrainian market.

As a reminder, Ukraine harvested 63.9 KMT of rice in 2017 against 64.7 KMT in 2016. As of March 1, rice inventories in the country were up 36% year-on-year at over 1.2 KMT.



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