In view of increasing rye production in the country, Ukrainian exporters have appreciably expanded exports of this commodity. Ukraine exported roughly 18.7 KMT of rye in the first eight months of the current season (July-February) that is already 74% higher than last season’s total, reports UkrAgroConsult.
This season’s gain in rye supplies was accounted for mostly by the European Union. The EU imported 17.3 KMT at the time against the 2016/17 total of 3.3 KMT. Poland became the top EU buyer: it absorbed some 10.5 KMT of Ukrainian rye.
Belarus also remains a stable end market for this cereal crop. Israel and South Africa resumed Ukrainian rye imports in the 2017/18 season.
Ukraine managed to boost exports of rye owing to a substantial rise in its production. The country harvested 507 KMT of rye in 2017 that was a four-year high and 29.4% more than in 2016.
Argentina did receive heavier than expected rains over the weekend. The question is did the rain come too late for any meaningful recovery of the crops.