Ukrainian flour winning new markets

04.04.2017

Ukrainian flour exports hit a 20-year high of over 340 KMT in the 2015/16 season. As expected, the upward trend in flour supplies from the country continued into MY 2016/17, reports UkrAgroConsult.

Global trends also contribute to growth of flour exports. The world’s demand for flour has increased 15-20% over the last 4-5 years. Noteworthy is that rising imports are observed in Sub-Saharan African countries, which as promising destinations for Ukrainian flour.

At the same time, flour exports from Ukraine continue expanding against the background of its gradually shrinking flour production over the recent years. Flour production in Ukraine fell by 4.3% in 2016. This season’s flour exports from Ukraine are already up 18% year-on-year.

Ukrainian flour is now shipped to 70 countries of the world against 30 five years ago.

Full version of the article is available to subscribers for weekly market report “Black Sea Grain & Oil” and “Online market review” by UkrAgroConsult.

 

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