PROAGRO Company
Kyiv, Ukraine, September 30, 2002

KYIV......Ukraine has extended its presence in the wheat and barley export markets. The August grain exports rose several times comparing with previous months and appears to exceed peak December 2001 exports.

Around 1.28 million tons of grains, legumes, wheat flour, and bran reported to be exported in August 2002 (versus 270 mt in July 2002 and 476 ths mt in August 2001) including 816 mt of wheat and 301 ths mt of barley.

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WHEAT

Wheat exports accounts for two thirds of all grain exports. Around 816,000mt of wheat including 808,000mt of soft wheat are estimated to be exported in August 2002. In general, these exports consist of feed wheat and low-and medium-quality milling wheat.

The August export shipments were so intensive that became a record breaker for monthly exports in 2001/02 MY (around 700,000mt shipped out in October 2001). This happened due to both better-prepared exporters and expanded port capacities.

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Traders said that W. J. Grain Ltd. remained the largest foreign buyer of Ukrainian wheat, followed by a number of world famous corporations. An Estonian Evervelle being the single FSU representative closes the top twenty.

It is hard to make any more comments here. So, let's concentrate on how foreign markets are divided between large international corporations dealing with Ukrainian wheat.

Thus, W. J. Grain Ltd. continued shipping in the direction of Spain. No August shipments went to Israel; nevertheless there started massive shipments to Portugal, Morocco, and Mauritania. Certain volumes were also shipped to Algeria, Albania and Hungary.

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