Grain and pulse production is expected to decrease by more than 20% in 2009 compared to the record crop of 2008. Global financial turmoil hit the Ukrainian economy and its banking sector hard, and the following credit crunch may result in decreased input application, possibly lowering crop yields and grain quality. The bumper crop and substantial carryover stocks resulted in record export sales in the 2008/09 marketing year, promoting Ukraine to the list of top grain exporters. Grain exports are expected to slow down in the 2009/10 marketing year, but to remain on above average levels, particularly due to increased carry-over stocks.
31 March 2009