Wheat exports from Kazakhstan at a seven-year high

10.05.2018

Kazakh exporters keep a fast pace of wheat shipments this season despite a slight decrease in March, reports UkrAgroConsult. So, March wheat exports totaled 504.3 KMT that was 9% down from the previous month but up 68% from March 2017.

Wheat supplies to foreign markets in September-March 2017/18 reached 3.3 MMT. This is up 39% on the year and the largest September-March volume in seven years, since MY 2011/12.

The top importer of Kazakh wheat is Uzbekistan, which increased its export share to 43%. The largest consumers of Kazakh wheat are Asian countries. They steadily include Tajikistan, Afghanistan and China. The EU and Turkey expanded their shares to 8% and 7%, respectively.

As a reminder, UkrAgroConsult’s analysts forecast Kazakh 2017/18 wheat exports will be the highest for the first time in four seasons.

Noteworthy, as of May 10, planting of sowing of grain crops was completed in the South-Kazakhstan and Zhambyl regions. Favorable weather conditions allowed to start the sowing of grain and oilseeds in the east of Kazakhstan - in the East-Kazakhstan region.

495 Th ha (3.5% of the plan) had already been seeded to spring cereals that is up 1% year-on-year. 39.3 Th ha of corn for grain (39.9%) had been sown, that is 28% more compared to last year. 26.6 Th ha of rice (27.8%) also had been sown, compared to 26.4 Th ha in 2017.

It is planned to expand to 154.8 Th ha of corn for grain and 95.8 Th ha of rice. This is 12.8 Th ha and 3.3 Th ha more than last year. 

More detailed information on the latest trends in grain exports, supply and demand balances with breakdown by crop as well as crop conditions and progress in planting in the countries of Black Sea Region is available to subscribers for weekly market report "Black Sea Grain" by UkrAgroConsult.

 

UkrAgroConsult

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