Ukrainian wheat exports as of May 03, 2017 were 10% higher on year, a rise driven by strong demand from South East Asia.
Export Surplus to June 30, 2017 stood at 0.9 mln mt (2015/16 MY: 2.2 mln mt). The current surplus difference is down to the lower level of carry-in stocks in 2016-17 MY and a slightly lower crop output in 2016. Feed wheat’s share over total production was slightly lower in 2016.
Ukrainian Wheat Surplus as of May 03. 2016-17 MY Vs 2015-16 MY
Ukrainian Wheat S&D Table
Ukrainian Feed Wheat Vs Milling Wheat Output
Source: Trade Press/Own Estimates
Top destinations for Ukrainian wheat exports include Egypt, Thailand, Indonesia, Bangladesh and Spain. Preliminary customs data suggest a drop in exports to Spain. Conversely, Ukrainian corn exports to India exceeded the 2.8 mln mt mark over the July 2016-March 2017 period.
Top Ukrainian Wheat Export Destinations. 2014-15/2015-16/2016-17. July-June MY
Ukrainian Wheat Plantings by MY. ‘000 Ha
Source: Ukrainian Min of Agriculture/USDA/Trade Press/Own Estimates