Ukrainian wheat exports up 15% from last year

22.03.2017

According to preliminary information, Ukraine exported 840 KMT of wheat in February 2017 that is basically comparable with its exports in the same month last year (855 KMT).

India remained the key destination for Ukrainian wheat exports in February. The country has imported roughly 2.9 MMT of wheat from Ukraine this season, i.e. absorbed one-fifth (21%) of Ukrainian export wheat and sidelined other importers, UkrAgroConsult notes. However, in view of shrunk import wheat needs of major importers such as Thailand, Indonesia and the European Union, which were among the top five buyers of Ukrainian wheat in MY 2015/16, India rather offset these market losses.

In addition, shipments to the markets of Morocco and Algeria are still on the rise. Besides, Jordan and Syria resumed purchases of Ukrainian wheat in February.

Further prospects of the Black Sea grain market in the season of 2016/17 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. 

 

UkrAgroConsult

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