Ukrainian wheat exports entered a period of peak shipments

UkrAgroConsult

August wheat exports from Ukraine totaled 3.65 MMT (almost four times more than in July, but 2% less than in August 2020/21). This season’s exports have totaled 4.6 MMT (down 7% y-o-y), UkrAgroConsult reports.

Indonesia, the top buyer of Ukrainian wheat, imported more than 1 MMT in August alone. This season’s purchases have reached almost 1.3 MMT (up 78% y-o-y).

Apart from Indonesia, the following countries also stepped up purchases compared to last season: Turkey (up 3.5 times), Thailand (+46%), Israel (+58%), Ethiopia (up 4 times).

Weaker demand than a year earlier is seen from the following markets: Egypt (-15%), the Philippines (-31%), Tunisia (-34%), Bangladesh (-74%), South Korea (-48%).

More detailed information on the latest trends in oilseeds/vegoils and meals exports, supply and demand balances with breakdown by crop, price behavior, crop conditions and progress in harvesting/planting in the countries of Black Sea Region is available to subscribers for Online Analytics “Black Sea Vegoils” in the new innovative tool for agri market participants – AgriSupp by UkrAgroConsult. Subscribe to a 7-day free trial!

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UkrAgroConsult

Tags: wheat, Ukraine, export