North Africa remains largest importer of Ukrainian wheat

Source

APK-Inform

1367

APK-Inform says Ukraine exported about 16 mln tonnes of wheat in July-May of 2020/21 MY, down by 19% compared to the same period of the previous year (19.8 mln tonnes). TOP-5 regions-importers of Ukrainian wheat are North Africa (24%), Southeastern Asia (20%), South Asia (14%), Middle East (13%) and East Africa (3%). The share of other regions amounted to 7%.

North Africa imported 4.8 mln tonnes of Ukrainian wheat in July-May of 2020/21 MY. The import declined by 19% compared to the same period of 2019/20 MY. Southeastern Asia imported about 4 mln tonnes of Ukrainian wheat in the reporting period, down 18%. The shipments to Middle East decreased by 30% to 2.6 mln tonnes, to East Africa down by 47% to 0.6 mln tonnes.

At the same time, South Asia increased the import of Ukrainian wheat by 18% to 2.7 mln tonnes in July-May.

Ukraine cut the export of wheat due to lower production that decreased by 12% to 24.9 mln tonnes in 2020. Lower domestic consumption of wheat cannot raise its export, as the prices of Ukrainian wheat are very high limiting its competitiveness.

APK-Inform expects Ukraine will export 16.8 mln tonnes of wheat in 2020/21 MY, down 18% compared to 2019/20 MY. The country may raise the foreign shipment by 18% to 19.8 mln tonnes in 2021/22 MY due to the expected higher wheat crop at 27.3 mln tonnes (up 3%).

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