Romania to take advantage of Ukrainian wheat exports decline

0

Get real time updates directly on you device, subscribe now.

Ukraine’s wheat exports are expected to drop this season almost a quarter from a year earlier, Romania, along with Russia, benefiting from this.

Shipments will slump 23 percent to 13 million metric tons in the season that started this month, according to the average of three analyst estimates in a Bloomberg survey. The figure was a record 16.9 million tons last season, researcher UkrAgroConsult says.

Ukraine was hit by dry weather last autumn, when farmers sowed wheat for this year, leading to cuts in the area planted. Though a warm winter and abundant rainfall in spring has improved the outlook, the nation’s projected harvest at 24.2 million tons will still be about 9 percent below last year’s record level, according to UkrAgroConsult.

Ukraine’s biggest wheat customers last season were Egypt and Thailand.

Ukraine met a quarter of demand for wheat from South Korea, mainly for feed, in the year ended in June, the research company said.

- Advertisement -

Leave A Reply

Your email address will not be published.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More