Ukraine has set an anti-record for the export of wheat flour

Published 2021년 7월 9일

Tridge summary

Ukraine has seen a significant decrease in the demand and export volumes of wheat flour in the 2020/21 season, with exports hitting a decade-low in March. The country only exported 4016 tons, the worst result in the past 10 years, and the total export of wheat flour for the season is projected to be no more than 120-130 thousand tons, a 63% decrease from the previous season. This decline is due to reduced purchases by traditional buyers such as Lebanon, Libya, Moldova, Israel, Palestine, and the United Arab Emirates, as well as the country's reliance on North Korea as a buyer, which has not placed orders this season. Additionally, Ukrainian flour milling companies have had to lower prices to compete with supply from Russia and Turkey, further impacting the market.

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Original content

The decline in demand and export volumes of wheat flour in the 2020/21 season was colossal This was announced by Rodion Rybchinsky, director of the State Enterprise "Mill of Ukraine" in an interview with APK-Inform. The expert noted that in March Ukraine set an anti-record for exports, supplying only 4016 tons to foreign markets, which is the worst result of monthly supplies over the past 10 years. In particular, the last time a similar volume of wheat flour exports from Ukraine was recorded in January 2010/11 MY, when only 3445 tons were supplied. “Unfortunately, such a negative result in March this year. aggravated the negative dynamics of export supplies of wheat flour of the current season. Even then it became clear (and I voiced it) that the total export of wheat flour from Ukraine in 2020/21 MY will not exceed 120-130 thousand tons, ”he stressed. At the end of July-May 2020/21 MY, the volume of wheat flour exports amounted to only 112.77 thousand tons, which is 63% lower ...

Source: AgroPortal.ua