Ukraine. Milling wheat exports under the memorandum became known

07.08.2018

8 MMT of 1st -5th class wheat – this is how much the Ministry of Agrarian Policy and Food of Ukraine proposes to indicate in a memorandum the Ministry and market participants traditionally sign at the beginning of a new season. This volume includes exports of flour in grain equivalent.

The figure stated in the memorandum is not final – it may be put up for revision in January 2019, depending on the availability of milling wheat for domestic consumption.

Usually, the memorandum specifies a total export volume of wheat, including that of milling quality. This year it is not clear yet what total figure will be stated. There is a chance that the volume of feed wheat will not be specified in the document.  

Some 960 KMT of wheat was shipped abroad during the first month of the new 2018/19 season, with the lion’s share (around 65%) of it represented by feed wheat.

17.8 MMT of wheat (including flour) was exported last season, with some 10.5 MMT of that amount accounted for by milling wheat. Wheat exports may fall to 15 MMT this year. As a reminder, UkrAgroConsult estimates that Ukraine’s wheat crop will dwindle to 24-24.7 MMT in 2018, including roughly 10MMT of milling wheat.
 

 

UkrAgroConsult

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