October 11, 2011


Ukraine's six-month grain exports expected to reach 10 million tonnes



Ukraine may ship about 10 million tonnes of grain in the current marketing year's first half, said the Ukrainian Agribusiness Club, according to a Bloomberg report.


Deliveries may come to about 2.5 million tonnes of grain a month if President Viktor Yanukovych signs a bill canceling corn and wheat export taxes, Volodymyr Lapa, an analyst at the club, told reporters in Kiev today. Legislators passed the measure on October 7. The marketing year started on July 1.


The country is set to pass Brazil as the world's third biggest corn exporter, according to USDA figures. Grain shipments in the marketing year may come to 23.4 million tonnes, according to a bill.