Wheat exports from Ukraine remained close to record in MY 2017/18

20.07.2018

June, the last month of MY 2017/18, traditionally saw a slowdown in wheat exports from Ukraine. 842 KMT was shipped abroad, or 17% less than in May (1 MMT) but 34% more than in June 2017 (627 KMT).

The wheat export results of MY 2017/18 were slightly lower than in the previous season. Roughly 17.2 MMT of wheat was supplied to foreign markets that is just 1.6% below last season’s record of 17.5 MMT.

Certain changes have happened in the range of export destinations this season. India, which was the biggest buyer of Ukrainian wheat in MY 2016/17 (2.9 MMT), dropped out of the top ten of the largest importers in the current season – it bought just 0.5 MMT. At the time, the leading position was occupied by Indonesia, which increased purchases by 42% to 2.3 MMT.

Exports to Thailand fell substantially, by 56% to 707 KMT.

The Philippines sharply boosted purchases of Ukrainian wheat, by 58% to 1 MMT.

The EU continues to be the most stable market: its purchases jumped by 48% to 1.6 MMT this season.

Noteworthy is that the largest shares in total exports belong to Asia and Africa – 34% and 33%, respectively.

 

UkrAgroConsult


 

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