Ukraine set the anti-record in flour production in May – expert

Source

APK-Inform

3813

The production of flour in Ukraine reached 1.423 mln tonnes over 11 months of 2019/20 MY compared to 1.553 mln tonnes in the previous season and 1.756 mln tonnes two years ago,  reported the Chairman of the auditing committee of the Union "Millers of Ukraine", Serhiy Sakirkin.

“At the beginning of the quarantine, the market activated, mainly in the segment of small packed flour. All packing capacities were loaded. The overall demand increased as well, chains narrowed the delay of payment from 60-90 to 3-5 days. However, the craze died down, people built the stocks and the market frozen and is still inactive. 
There is stable decline of annual production. In May, Ukraine produced 100 thsd tonnes of flour that turned to be the anti-record. It could be possible that we will have less than 100 thsd tonnes per month in the future”, - he said.

The expert added that almost all TOP exporters formed the list of TOP producers.

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