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Ukraine: until November 20, the export potential of wheat may be over

Until November 15-20, 2012, the potential of the grain exports (5-5.3 mln tonnes) can be completed.

Monday 22 October 2012 (5 years 11 months 26 days ago)
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The Ministry of Agrarian Policy and Food of Ukraine noted that while keeping the current rates of domestic wheat supplies on foreign markets, until November 15-20, 2012, the potential of the grain exports (5-5.3 mln tonnes) can be completed, declared Ivan Bisyuk, First Deputy Minister of Agrarian Policy, on October 19.

As of October 16, the actual volumes of grain exports from Ukraine since the beginning of the season totaled 7.101 mln tonnes, including wheat - 3.565 mln tonnes (in particular, milling wheat - 2.896 mln tonnes), maize - 2.007 mln tonnes, barley - 1.437 mln tonnes. The general volume of grains, contracted as of the reporting date totaled 11.375 mln tonnes, including 5.416 mln tonnes of wheat (in particular, milling wheat - 4.535 mln tonnes), 1.972 mln tonnes of barley, 3.728 mln tonnes of maize.

The First Deputy Minister reminded traders that under the terms of the previously signed memorandum, the initial volume of wheat exports from Ukraine in 2012/13 MY was fixed at 4 mln tonnes, although the supply and demand balances of grain production make it possible to significantly increase the volume of exports, including wheat.

Monday October 22, 2012/ Interest Information Investments/ Ukraine.
http://invest-ukraine.net

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