Ukraine sets new record of grain exports: 21.8 MMT in July-February

UkrAgroConsult would like to note that Ukraine keeps meeting obligations under the export contracts. According to Ministry of Infrastructure of Ukraine, as of March 3, 2014 all the sea ports of the country were working under the usual schdule. All the loading and unloading operations are being conducted in timely manner; all the stevedoring companies operating on the sea ports’ territory are working in accordance with regular schedule as well. During March 1-2, 2014 Ukrainian sea ports handled 655 KMT of various goods. Since the start of 2014 year Ukrainian sea ports have shipped 22.7MMT of cargoes which is equal to the ports’ turnover volumes during the same period of last year.

During July-February of the current season grain shipments exceeded 21.8 MMT in comparison with 16.5 MMT during the same time in the 2012/13 season.

The market operators estimate that Ukraine exported 2 648 KMT of grain from ports during February, including 339 KMT of wheat, 28 KMT of barley, 2 244 KMT of corn, 35 KMT of sorghum and 2.6KMT of peas.

735 KMT of grain including 103 KMT of wheat and 632 KMT of corn are expected to be shipped from ports in the near future.

Taking into account such high rate of export shipments, we can say that record high export expectations (30 MMT in the current season) may be justified. Besides, next season Ukraine may expect another record high corn production and continue gaining larger market share from financially developed markets. The detailed information is available in the new studies “Black Sea Region: Corn Fever” and “Will Ukraine follow the Brazilian logistics scenario?”.

Moreover, according to market participants’ estimates, in February Ukraine exported 264.7 KMT of sunflower oil from seaports. It is noteworthy that in February 2013 port shipments totaled to 250.6 KMT. It should be added that 60.3 KMT of sunflower oil were exported to India and Iran through seaports during the first two days of March only. 140.1 KMT are expected to be exported in the nearest days.

Meanwhile, sunoil export prices surged by USD 15/MT FOB Black Sea ports due to tense situation and concerns about military actions on the Crimean peninsula. The price for Ukrainian sunoil is currently USD 5/MT higher than for Russian, whereas a week ago the spread totaled to USD 20/MT.

Ukraine is able to export about 3.9MMT of sunoil in the 2013/14 marketing year in comparison with 3.25MMT in the last season. The detailed information is available in the new study “Fat-and-Oil Industry: Change of Priorities. Change of Leaders”.

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