Despite the fact that in 2018/19 MY Ukraine slightly reduced the export volumes of wheat bran, the supply geography of the product significantly expanded, and already reached nearly 20 countries.
According to APK-Inform figures, in 2018/19 MY Ukraine shipped nearly 539 thsd tonnes of wheat bran on foreign markets, against almost 586 thsd tonnes in the previous season. The reporting downward trend developed, due to reduction of the product purchases by the key country-importer of Ukrainian wheat bran — Turkey, which faced rather difficult economic situation in terms of the significant devaluation rates of the national currency. So, in the season-2017/18 the country purchased 570 thsd tonnes of Ukrainian wheat bran, but last MY the figures totaled 450 thsd tonnes only, and the share of the importer in the general structure of shipments reduced from 97.1% to 83.4%.
As a result, many Ukrainian wheat bran exporters started looking for new sales markets or resume their presence on the previously forgotten ones, in order to diversify their risks. Saudi Arabia became one of such previously forgotten markets, and last season the country imported more than 56 thsd tonnes of wheat bran from Ukraine, for the first time since 2015/16 MY.
In addition, in 2018/19 MY Senegal became interested in the product for the first time, and imported 6.3 thsd tonnes.
In addition, last season the supplies of wheat bran to Singapore significantly increased — from 0.5 thsd tonnes to 6.64 thsd tonnes, as well as Poland — from 0.02 thsd tonnes to 3.3 thsd tonnes, and the UK — from 0.8 thsd tonnes to 1.6 thsd tonnes.
Also, Ukraine exported wheat bran to China, Israel, Cyprus, Lithuania, the Czech Republic, Hungary and the United Arab Emirates, as well as supplied rather small batches to Vietnam, Romania, Egypt, North Korea, Oman and Bulgaria.
You can receive more detailed information about the prospects of the Ukrainian market of flour and wheat bran, by visiting the annual conference "Grain Processors Forum - 2019", to be held in Odessa, on October 3-4.
On the event web-page, You can register to participate in the conference.