December 18, 2012

 

Ukraine sees declining wheat stocks in December

 

 

Ukraine's wheat stocks decline to 6.5 million tonnes as of December 1, according to the State Statistics Service.

 

The wheat harvest in the former Soviet republic fell by a third this year to 15.7 million tonnes, and the Agriculture Ministry told traders to stop sales abroad, although it stopped short of officially banning exports.

 

The ministry has said that excessive wheat exports might threaten the security of domestic food supplies.

 

Ukraine exported 1.3 million tonnes of wheat in November, for a total of 5.65 million tonnes in exports so far in the July 2011 to end-June 2012 season.

 

The country consumes 26 million tonnes of grain, including 12 million tonnes of wheat, per season.

 

The service said that grain stocks totalled 21.4 million tonnes at the start of December, some 27% less than at the same date in 2011.

 

Stocks at large and medium-sized agriculture companies included 6.5 million tonnes of wheat, 2.1 million tonnes of barley and 11.2 million tonnes of corn, it said.

 

The volume did not include grain stored at hundreds of small Ukrainian farms.

 

Ukraine expects to harvest about 46 million tonnes of grain in 2012 compared with 56.7 million tonnes in 2011.