In view of the heightened tension between Russia and Turkey, Ukraine`s shipments to the Turkish market became more active in March, according to BlackSeaGrain.
A total of 46,000 metric tonnes of wheat was supplied to Turkey that month – the largest volume since the season`s beginning (a total 73,400 metric tonnes in MY 2016/17). As a reminder, 112,000 metric tonnes of Ukrainian wheat was exported to Turkey in MY 2015/16, BlackSeaGrain reported.
In March the key end market for Ukrainian wheat was Egypt. Ukraine supplied a season-record 347,500 metric tonnes of wheat to Egypt that month. This represented 33% of total exports at the time.
Read alsoUkraine exports almost 36 mln tonnes of grain since July 2016 The European Union also revived imports of Ukrainian wheat in March. That month the EU absorbed over 26% of all the supplies – 278,000 metric tonnes. Thus, in March, EU countries imported 30% of all the Ukrainian wheat purchased since the beginning of 2016/17 (970,000 metric tonnes).
Ukraine exported a total 14.615 million metric tonnes of wheat in the nine months of MY 2016/17, or 13% more than at the same time last season.