December 19, 2013

 

Ukraine may become second largest grain exporter
 

 

Agricultural analysts predict that in the current marketing year, Ukraine will become the second largest grain exporter in the world, after the US.

 

According to the Ministry of Agrarian Policy and Food, in 2013 the grain exports growth rate is significantly higher than last year.

 

In physical volume, Ukrainian agrarians exported 3.2 million tonnes of grain, which is up 24% from 2012-13 marketing year (July 2012 - June 2013).

 

In particular, more wheat, corn, and oilseeds have been exported. Producers and traders succeeded to increase the supply of wheat by 14%, barley - by almost 12%, corn – by 42%, and oil - by 60%. Total exports amount to 16.4 million tonnes of crops.

 

The Ukrainian historical record yield of 63.4 million tonnes has become a good precondition for increasing the volume of exports this year. Of them, 29.7 million tonnes are corn. The second largest harvest was registered in 2011, which is now surpassed by about seven million tonnes.

 

According to the Ministry of Agrarian Policy and Food, this year also marks a record yield of 10.6 million tonnes of sunflower.