Ukraine managed to open new markets in view of shrinking deliveries to the EU
Although a few months are still left until the end of the current season, Ukraine has already realized three-fourths of its grain export potential of MY 2016/17, UkrAgroConsult notes.
So, according to preliminary information from market participants, Ukrainian traders exported roughly 30 MMT of grain in the first eight months of the season (July-February). In other words, export shipments of cereals and pulses from the country by the beginning of March were up 16% year-on-year. And this despite the fact that the estimated export potential is only 6% higher than last year.
Thus, a noticeable slowdown in Ukrainian grain exports should be expected in the last quarter of the current season.
Ukraine’s bumper grain crop harvested in 2016 allowed Ukrainian grain to both retain its traditional export markets and successfully enter new ones and solidify there. As a whole, the geographical range of grain export destinations has not changed, but some substitutions happened among top importers.
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.