Ukraine partly loses into markets for agricultural products
Due to problems with logistics, Ukraine partially or completely lost several wheat export markets.
According to the results of the 2022/23 MR, Ukrainian exporters partially or completely lost the markets of Pakistan, Morocco, and Saudi Arabia. This was influenced by logistical problems that appeared after the full-scale invasion of the Russian Federation, writes Delo.ua.
“If we compare the 2022/23 MR with the previous one, Morocco, Pakistan, and Saudi Arabia were partially or completely lost for wheat. It is now three months into the new season, and shipments have not recovered during that time. In addition to the European market, wheat in the 2023/24 season is exported to nearby destinations such as Egypt and Turkey. The more distant markets of Lebanon and Bangladesh have also been preserved, but export volumes have decreased,” said Yelyzaveta Malyshko, an expert at UkrAgroConsult.
It is also known that before the invasion, the share of Ukrainian wheat in Egyptian imports was 25%. As of today, Ukraine has lost approximately 3/4 of the pre-war Egyptian market.
According to the general director of the Ukrainian Agrarian Confederation (UAC) Pavlo Koval, the Russian Federation has replaced Ukraine the most in this market.
“Not only did we lose this market due to her aggression, they also replaced supplies from Ukraine with stolen wheat from us. They have a lot of their own because of the record harvest (92 million tons in the 2022/2023 marketing year — ed.), due to which they increased exports to some countries by almost 7 times compared to previous years,” said Pavlo Koval.
In general, in 2022/23MR, many countries increased the export of agricultural products, in particular Australia and European countries. However, last season the Russian Federation increased its shipments by almost 40%, increasing exports to Bangladesh, Algeria, Pakistan and Saudi Arabia, which are important for Ukraine, several times.