Flour export from Ukraine plunged by 64% YoY in 2020/21, ten-season lowest
Flour export from Ukraine in 2020/21(July 2020-June 2021) dropped by 64% YoY to 113 thou. t. The volume exported is the 10-season lowest since 2011/12, UkrAgroConsult reports.
In May 2021, the export supply of flour made up 6 thou. t, 31% down YoY and 68% under May 2019/20.
"The export is shrinking on the production drop: in July-May 2020/21, flour production in Ukraine reduced by 25% YoY to 1166 thou. t," comment the analysts.
The majority of importers cut their purchases of Ukrainian flour in 2020/21:
- U.A.E.: ▼66%
- Moldova: ▼26%
- Palestine: ▼41%
- Somalia: ▼60%
As of 9 July, grain export from Ukraine reached 518 thou. t, 1.4x up YoY.