Millet exports from Ukraine have reached an all-time high

Published Dec 12, 2021

Tridge summary

The article, featured on apk-inform.com, provides an overview of Ukrainian millet export dynamics for the 2020/21 marketing year and forecasts future trends based on production projections. It highlights a significant increase in imports from key countries like Indonesia, Poland, and Germany, which collectively accounted for 35% of Ukraine's total millet exports. However, the future of these exports is clouded by concerns, with analysts predicting a steep decline due to an anticipated 34% reduction in production for 2021 compared to the previous year, resulting in an estimated export volume of 85 thousand tons, marking a 53% drop from the record high. Furthermore, the article notes a decrease in millet export rates at the start of the 2021/22 marketing year, indicating potential challenges for Ukraine's millet market both domestically and internationally.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

This was reported by apk-inform.com. "The key importers of Ukrainian millet in the 2020/21 MY were Indonesia, Poland and Germany - their total share in total exports was 35%. At the same time, Indonesia increased grain purchases 169 times compared to 2017/18 MY - from 245 tons to 41.6 thousand tons, Poland - 3 times, from 3.4 thousand to 11.4 thousand tons, Germany - 4 times, from 2.9 thousand to 10.3 thousand tons, "the statement reads. According to analysts, given the possible reduction in millet production in Ukraine in 2021 compared to 2020 by 34% - from 256.1 thousand to 167.8 thousand tons, its exports this season are expected at 85 thousand tons , which is 53% lower than the record shipment of the previous MR. "The decline in the rate of cultural exports is already recorded at the start of ...

Source: Agravery