Results of the flour season in Ukraine

Published Jul 5, 2021

Tridge summary

Ukraine has seen a significant decrease in wheat flour exports this season, with a record low of 4,016 tons in March, due to a drop in demand and a sharp increase in wheat prices since October 2020. The price of wheat has risen by 50% in six months, leading to a reduction in flour exports and high costs. This has resulted in discussions about price containment mechanisms, including regulation, and a dialogue between various stakeholders. There has also been a surge in imports of wheat and wheat flour, mainly from Belarus and Russia, but also from Italy.

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

Original content

The reduction in demand and, accordingly, the volume of wheat flour exports this season has been enormous. In March, Ukraine set an anti-export record, supplying only 4,016 tons to foreign markets, the worst result of monthly deliveries in 10 years. In particular, the last time such a volume of wheat flour exports from Ukraine was recorded in January 2010/11 MY, when only 3445 tons were delivered. This was stated by Rodion Rybchinsky, director of the NGO "Flour Mills of Ukraine" in an interview with APK-Inform. The current season is probably one of the most unpredictable and difficult in economic and organizational aspects, he said. "The rapid rise in wheat prices since the second half of October 2020 is a key market factor for the industry's problems in the current MY. I will not return to prehistory, to drought and the foreign market, but the fact remains. The season started with high prices, and since October, we have had a steady monthly / weekly price increase. In fact, in ...

Source: Infoindustria