By the end of the season, Ukraine to slow down flour exports volumes — APK-Inform

Source

APK-Inform

698

In April 2018, Ukraine supplied 24.9 thsd tonnes of flour on foreign markets, which became the minimum monthly value in 2017/18 MY, as well as down 9% compared with April 2017 (27.4 thsd tonnes).

Decreasing of the interest in Ukrainian flour from its key consumer — North Korea, which did not received the supplies in March and April 2018, became one of the major reasons for reduction of the general export volumes. At the same time, China also reduced the imports volumes, because the country usually ships the product towards North Korea. So, in April Ukraine supplied the minimum monthly volumes per season to China, which totaled 6.8 thsd tonnes only.

In May 2018, the export rates of flour also remained quite low. According to the statistics figures, in the first half of the month Ukraine supplied nearly 14.1 thsd tonnes of the product on foreign markets. According to APK-Inform estimations, in terms of the current export rates in July-May the general flour shipments will reach nearly 410 thsd tonnes. Also, in June 2018 Ukraine will not face any significant increasing in supply, which somewhat threatens the current export potential of the Ukrainian market of flour in 2017/18 MY — 450 thsd tonnes.

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