April 7, 2011
 

Ukraine has enough grain to last for the next 1.5 years

Ukraine has the needed grain inventories for the next 1.5 years and they will satisfy the demand of the population in bread and flour, and stop price increment for the products, announced Nikholay Azarov, Prime Minister of Ukraine, on March 6.

According to him, the government needed to take special measures, accounting for the situation on the grain market a year ago, and take full control of grain exports from the country, in order to achieve the current results.

In the case of termination of the export limitations in Ukraine, the local grain prices will rapidly hit high world prices, noted the prime minister. Simultaneously, he disclosed that to date Ukraine exports nine million tonnes of grains. Azarov highlighted the fact that the government had to impose the limitations in order to ensure security of national grain demands. At the same time, he expressed the conviction that in the case of satisfactory prospects of the harvest in the current year, all caps for grain exports will be terminated.