Ukrainian wheat exports focused on Africa and the Middle East
Wheat exports from Ukraine in December amounted to 335.5 thousand tons and were sharply concentrated in the direction of North Africa and the Middle East, which together account for about 86% of all exports.
This was reported by analysts at Spike Brokers in Telegram.
“Asian destinations formed only 3.5% of exports. The share of Europe is minimal — 1.7%. In general, the structure of December wheat exports demonstrates high regional concentration and dependence on demand from North Africa and MENA countries,” the experts note.
Wheat prices in the direction of ports and exports continued to decline last week. Weak external demand and low efficiency of port infrastructure reduce trading activity in this direction, they explain.
“The spot price index for food wheat (11.5% protein) delivered via SPT port decreased by $3 to $212, and feed wheat lost $3, falling to $206,” the analysts summarize.
Read also
Attacks on warehouses and logistics centers could add up to 0.6 pp to inflation in...
Port attacks could push russian wheat exports below 2 mln tons per month
Ukraine prepares to open agricultural cluster in EU accession talks
Japan raises imported wheat price by 12% amid higher global prices
Ukraine may lose nearly $10 bln in agricultural exports due to war
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon