Forecasts on export of flour from Ukraine
In the current year, forecasts for the supply of flour to foreign markets are 450.000 tons. This figure is 2% lower than the one, which was announced a month earlier, but still almost 12% higher than the figures of the previous MY.
Such information was provided by APK-Inform.
The main reason for the lowering the forecasts is the decrease in production volumes. So, during the first half of the current MY, 1.04 million tons of flour were produced, while last year’s figure was 1.12 million tons. We observe a decrease in production volumes by 7.2%.
However, the export potential of this type of products has grown during the first half of the current MY. Now the increase, in comparison with the last year, is 22%.
It should be recalled that 83 thousand tons of flour were delivered to China during this period, which is 2.5% more than China imported over the past year.
Forecasts for the export of flour from Ukraine show significant growth potential and development prospects. Ukrainian flour is gaining more and more popularity in the international market due to its high quality and competitive prices. Positive trends in global demand for wheat flour and consumer confidence in Ukrainian producers create a favorable atmosphere for export expansion.Ukraine has favorable conditions for growing wheat, modern processing technologies and efficient logistics.This allows the country to confidently move forward, developing new markets and increasing its share in the global flour market.Analysis of flour export forecasts and prospects will help entrepreneurs and investors make informed decisions and use the potential of this promising industry.