Ukraine increases the amount of export supplies of wheat flour on Asian market. The share of flour exports to China, South Korea and North Korea totalled 52% of the general exports of flour from Ukraine.
Ukraine continues actively increasing the rates of export supplies of wheat flour on the Asian market. Thus, Ukraine exported nearly 51 thousand tonnes of wheat flour during 2 months of 2015/16, an increase of 2.1 times compared with the same period of 2014/15 (24.1 thousand tonnes). In the beginning of the current season, China, South Korea and North Korea became the main importers of the Ukrainian commodity. Nearly 13 thousand ton import amount of China is equal to 24 percent of total flour export amount of Ukraine. Thus, the share of flour exports to the reporting countries totalled 52% of the general exports of flour from Ukraine.
According to the news of finchannel.com, in 2015/16 MY the export potential of Ukrainian wheat flour may total 260 thousand tonnes, while Asian countries will keep the position of major importers of Ukrainian flour during the whole season. In terms of continuation of the high rates of flour supplying, the forecast on export volumes would be increased. At the same time, the raw material quality and availability of wheat volumes of the required conditions on the domestic market, can somewhat slow down the exports of flour from Ukraine.