Ukrainian wheat exports slightly recovered in January
January exports totaled 508 KMT (+3% from December and -45% from January 2019/20) – last time they were that low five years ago. Over 13 MMT had been exported since the beginning of the season (-18% y-o-y).
Indonesia, Bangladesh, and Thailand have not been buying Ukrainian wheat for two straight months now. Consequently, the y-o-y decrease in their imports grew by 13%, 48% and 9%, respectively, UkrAgroConsult reports.
In addition, a drop happened in demand from Egypt, Turkey, the Philippines and Tunisia.
The following buyers boosted purchases – Morocco (+82%) and the EU (+43%).
– Pakistan imported no wheat from Ukraine last year, but this season it is the third biggest buyer of the Ukrainian product with a 10% export share.
More detailed information on the latest trends in oilseeds/vegoils 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 3-day free trial!!
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