Production of flour in Ukraine for 4 months increased by 15%


According to the results of July-October 2018, the volume of flour production by large companies in Ukraine reached 605 thousand tons, 15% more than the same index in the previous season.

The biggest drop was recorded in September, when production volumes were 19% lower than September 2017.

Among the main areas of flour production, the largest decrease is typical in the Cherkassy region, where the volume of flour production during the reporting period decreased by 51%. Also, production in the Odessa region decreased by 48% and in the Kirovograd region by 36%.

The current situation is due to an increase of bread production in Ukraine by 14% over the same period, as well as a 58% decrease in export shipments of these products. Against this background, analysts reduced the forecast of Ukrainian flour export in 2018/19 to 350 thousand tons, 18% lower than the previous season.

Remember that the profitability of flour milling business in Turkey ranges from 5 to 10%

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