The European Union, which ranked second in Ukraine’s wheat export structure in the 2015/2016 marketing year, imported 450 thousand tons of the Ukrainian wheat in 2016, down 3-fold YoY.
According to official figures, Ukraine’s wheat exports came to 1,382.7 thousand tons in November 2016, comparable to the amount recorded for the same period last year (1,380.4 thousand tons in November 2015).
In general, Ukraine’s wheat exports have increased by 7.7% over five months of the 2016/2017 marketing year and made up 9,618.5 thousand tons in contrast to 8,929.3 thousand tons recorded in July-November 2015/2016.
India’s share in Ukraine’s wheat export structure continues growing. In particular, 10% of Ukraine’s total wheat export deliveries were sent to the Indian market during this period. Thailand, Indonesia and South Korea also remain the major importers of the Ukrainian wheat.
A slowdown in Ukraine’s wheat exports to EU countries can be explained by the absence of new duty-free export quotas and wheat procurement on the EU internal market. (Ukrinform/Business World Magazine)