In the current season Ukraine reduced wheat exports to such key sales markets, as Egypt, Thailand and Spain.
The high rates of global wheat production in 2016 caused development of the reporting situation, which also led to lowering of prices on the global markets to the minimum level for 10-15 recent years, the growth of competition rates on foreign markets, and significant reduction of importers demand.
In the first half of the current season Ukraine shipped 1.4 million tons of wheat to Thailand, against 1.6 million tons in the same period of 2015/2016 MY, and 276 thousand tons – to Spain, against 827 thousand tons.
At the same time, the volumes of wheat exports to Egypt reduced to 1.06 million tons, as opposed to 1.3 million tons, due to periodic introduction and cancellation of the country’s requirements for the zero content of ergot in imported wheat, as well as increased competition rates from Russia. (APK-Inform/Business World Magazine)