April 10, 2006

 

Ukraine buys 104,000 tonnes of grain

 

 

Ukraine's state agrarian fund has purchased to date a total of 104,000 tonnes of grain harvested in 2005 for the state reserve, according to the agriculture ministry.

 

The grain purchases included 74,000 tonnes of 3rd and 4th grade wheat and 30,000 tonnes of rye. The ministry said the pace of state purchases was low because the agrarian fund was offering prices that were lower than those on the market.

 

In the current marketing season, the government is planning to purchase a total of 5 million tonnes of grain, including 1 million tonnes for state reserve, 2 million tonnes for the needs of the state-owned Khleb Ukrainy grain processing enterprise, and 1 million tonnes as collateral on budget loans to farmers.