August 10, 2011

 

Ukrainian wheat exports to double

 

 

Although Ukraine's wheat exports are likely to increase more than twofold in the 2011-12 marketing year, quality problems will restrict exports to Egypt, according to the general director of UkrAgroConsult agricultural consultancy, Sergey Feofilov, on Tuesday (Aug 9).

 

Although Ukraine's wheat exports are likely to total 9.7 million tonnes, topping last year by as much as 5.6 million tonnes, heavy rains have left as much as 60% of the exports unfit for human consumption, UkrAgroConsult said.

 

According to Dow Jones, Feofilov said, "Ukrainian exports to Egypt are not likely to increase dramatically because milling wheat remains under pressure from Russian wheat. Russia has better quality and prices."

 

Egypt's state grain buyer, the General Authority for Supply Commodities, recently bought 180,000 tonnes of Russian wheat at US$262.50/tonne, bringing its total purchases from the country to 900,000 tonnes since the Kremlin lifted its ban on grain exports at the start of July.

 

Egypt, the world's largest wheat importer, recently admitted Ukraine to its suppliers list for the first time since 2008 in order to promote diverse origins.

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