Along with a rise in wheat shipments, Ukraine continues stepping up exports of wheat bran despite a drop in its output in the country. In 2017, wheat bran production in Ukraine fell by almost 5% to 626.6 KMT.
At the same time, this product’s exports reached 330.2 KMT in the first half of MY 2017/18 that is higher 24% year-on-year (266.6 KMT in July-December 2016/17), reports UkrAgroConsult.
Traditionally, Turkey remains the top importer of Ukrainian wheat bran – the nation absorbed most of the gain in supplies. At the time, Turkish importers purchased 22% more wheat bran from Ukraine than a year ago (312.8 KMT against 256.6 KMT, respectively).
Apart from Turkey, Egypt also boosts imports of Ukrainian wheat bran again. Egypt annually imported 15 to 45 KMT of wheat bran from Ukraine in 2008-2015.
Israel, China, and the European Union also resumed purchases of Ukrainian wheat bran by the end of 2017.
According to the State Fiscal Service of Ukraine, Ukrainian agricultural companies imported more than 66 KMT of seeds of staple cereal and oil crops in 2017 or 7% more than a year ago, reports UkrAgroConsult
Córdoba consultant Pablo Adreani, the owner of Agripac, has updated his estimate for Argentina’s soybean production and revised it from 57 million metric tons to 47 million metric tons due to the recent drought. For corn, the estimate was lowered from 40 million metric tons to 35 million metric tons.