Wheat inventories in Ukraine dropped 11.3%

07.09.2018

GRAINS. According to the State Statistics Service, stocks of cereals and pulses in Ukraine totaled 19.0 MMT as of August 1, 2018. This is less 12.8% % from the same date last year (21.9 MMT), reports UkrAgroConsult.

At the time, wheat stocks were less 11.3% at 13.1 MMT versus 14.8 MMT on August 1, 2017. Barley inventories grew by 19.8% from a year ago, to a bit more than 1 MMT against 840 KMT in August 2017.

Corn stocks expanded too. They totaled 2.52 MMT as of the reporting date that is 18% more than a year ago (2.14 MMT).

OILCROPS. According to current information of the State Statistics Service, sunseed stocks in Ukraine totaled 678.3 KMT as of August 1, 2018 that is down 7% from the same date last year (729.4 KMT). This included 426.9 KMT held on farms (down 43.9 KMT, or 11.5% from August 1, 2017) and 251.4 KMT at storage and processing facilities (down 95 KMT, or 27.4% on the year).

As of August 1, 2018, crusher soybean stocks were down 55.6% year-on-year at 60.2 KMT against 135.7 KMT on August 1, 2017. Rapeseed stocks as of the reporting date were much higher than a year ago (1276.5 KMT against 988.4 KMT, respectively) due to an earlier start of this year’s harvest.

Detailed analysis of the latest trends in oilseeds/vegoils/meals exports, palm oil imports, supply and demand balances with breakdown by crop as well as crop conditions and progress in planting/harvesting in the countries of Black Sea Region is available to subscribers for weekly market report "Black Sea Vegoils" by UkrAgroConsult.

Further prospects of the Black Sea oilseeds/vegoils market will be discussed at the VI International Conference “Black Sea Oil Trade”, which will take place on September 20, 2018 in Hilton hotel, Kiev, Ukraine. Delegates from 20 countries have already registered for participation in the International Conference «Black Sea Oil Trade».

 

UkrAgroConsult

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