Ukraine going ahead of schedule with grain exports
A few months before the end of the current season, Ukraine has already realized three-fourths of its grain export potential of MY 2016/17, UkrAgroConsult wrote.
According to preliminary information from market participants, Ukrainian traders exported roughly 30 MMT of grain in the first eight months of the season (July-February), UkrAgroConsult reported.
In other words, export shipments of cereals and pulses from the country by the beginning of March had been up 16% year-on-year. And this is despite the fact that the estimated export potential is only 6% higher than last year.
Read alsoUkraine's agriculture ministry set to boost state support of agri-businessesThus, a noticeable slowdown in Ukrainian grain exports should be expected in the last quarter of the current season.
Read alsoUkraine starts 2017 grain sowingUkraine's bumper grain crop harvested in 2016 allowed Ukrainian grain to both retain its traditional export markets and successfully enter new ones and strengthen positions there. In general, the geographical range of grain export destinations has not changed, but some substitutions happened among top importers.