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Ukrainian wheat exports remain strong, but prices fall

 Last Update: 2022-03-03
 Source: Internet
 Author: User

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Foreign media, February 17 news: Although the situation in the Black Sea region remains unclear, the pace of Ukrainian wheat exports remained strong inthe week ended February 14 , although export prices have fallen by more than 4% from the previous month
.

Ukraine exported more than 300,000 tonnes of wheat in the week to February 14, bringing total wheat exports so far in 2021/22 to 17.
5 million tonnes, up 33% year-on-year, according to Ukraine's Agriculture Ministry
.

The Ukrainian government signed a memorandum of understanding with traders in October to limit wheat exports to 25.
3 million tonnes in 2021/22 to help curb food inflation
.
But this is still well above the 16.
6 million tonnes exported in 2020/21, mainly due to higher wheat production and tight global supplies
.

Ukraine's Agriculture Ministry expects Ukraine's wheat production to reach 33 million tonnes in 2021/22, up from 25.
4 million tonnes in 2020/21
.
The USDA forecasts Ukraine's wheat production at 33 million tons and exports at 24.
2 million tons
.

Ukrainian wheat exports are expected to increase significantly due to tight global supplies
.
But geopolitical tensions could cloud the outlook for Ukrainian wheat exports
.

　　Ukrainian wheat export prices have fallen by $13/ton over the past month amid uncertainty over Ukraine-Russia tensions
.
An armed conflict could threaten the outlook for Black Sea wheat exports
.
In addition, logistical issues such as port closures due to heavy snow have also put pressure on Ukrainian wheat prices
.

　　The FOB price of Ukrainian 11.
5% protein wheat was $306 per ton on February 14, down $1 from a day earlier
.

　　However, with Russia implementing a grain export quota of 11 million tonnes from February 15, demand for Ukrainian wheat from overseas buyers may recover in the near term
.
Russia has set an export quota of 8 million tonnes of wheat for the period from February 15 to June 30, aimed at securing domestic supplies and curbing rising domestic prices
.
Russia is the world's largest wheat exporter
.
Limited export supplies from Russia could boost demand for Ukrainian wheat from overseas buyers
.

　　Traders in Kiev said overseas demand for Ukrainian wheat may remain strong in the near term due to Russia's imposition of export quotas
.
But continued tensions in the Black Sea could lead to volatility in export prices in the coming weeks
.

wheat export price

　　Ukrainian wheat exports are expected to increase significantly due to tight global supplies
.
But geopolitical tensions could cloud the outlook for Ukrainian wheat exports
.

　　The FOB price of Ukrainian 11.
5% protein wheat was $306 per ton on February 14, down $1 from a day earlier
.

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