February 5, 2009

Ukraine grain exports 25 percent below average in January

Ukraine exported 1.6 million tonnes of grain in January, about 25 percent lower than average monthly exports in July-December, the first six months of the current marketing year, the Ukraine Agrarian Confederation reported Wednesday (February 4).


The exported grain in January included 700,000 tonnes of wheat, mostly feed wheat, 600,000 tonnes of corn and 300,000 tonnes of barley.


The Agrarian Confederation said the reasons for the falling exports were lower business activity during the New Year celebrations and the fact that the grain was transported from storage facilities in the north of the country, which slowed down their delivery to the southern sea ports.


Also grain sellers are holding back because prices are rising and the expectation is that this will continue.