The indicators of wheat exports from Ukraine at the beginning of this year decreased by 28%
Volumes of wheat exports in January 2018 amounted to 872.51 thousand tons of wheat, which is almost 28% less than the figures of the first month of last year.
Such information was provided by the State Fiscal Service.
The sum of export in January 2018 was just slightly more than 145 million dollars, whereas last January the sum of export reached 187.15 million dollars.
The main buyers of grain in January were Spain, the Philippines and Tunisia. To these countries, 217.95 thousand tons were delivered and the cost was 36.23 million dollars, 128.52 thousand tons were delivered and the cost was 21.36 million dollars and 85.07 thousand tons were delivered and the cost was 14.14 million dollars respectively.
It should be recalled that during the whole 2017, 17.31 million tons of wheat were exported from Ukraine, and the sum of export was 2.76 billion dollars.
An analysis of the decrease in wheat export from Ukraine at the beginning of the current year and its impact on the country’s economy.
Additional text: At the beginning of the current year, wheat export from Ukraine decreased by 28% compared to the same period last year. This is primarily due to a decrease in wheat yield in the country and an increase in prices for it on the domestic market. This could have a negative impact on the country’s economy and the incomes of farmers who rely on exports. In addition, this could lead to a decrease in Ukraine’s position in the global wheat market and increase competition from other producers. Measures to support farmers and attract investments in agriculture are needed to increase yield and improve wheat export indicators from Ukraine.