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Home / Bioethanol / News Ukraine Grain and Feed Monthly Overview
Prepared by: Policy On May 21, 2008, the Prime Minister of Ukraine signed Decree # 470, canceling export quotas for grains. The Decree was published and implemented on May 23, 2008. The Minister of Agriculture followed up with an interview on May 30 and announced that the government would not introduce any restrictions on grain exports since the forecast for the new marketing season is for a good crop. He also stated that the government must ensure food safety in Ukraine, but the security would be guaranteed by other policies. The government plans to form the State Food Fund and procure up to 14% of the amount of grain that is consumed yearly. More specifically, the Minister announced that the Fund plans to purchase 800,000 tons of wheat and 78,000 tons of rye in marketing year 2008/2009. Market
Prices for all major grains are decreasing due to reduced demand from exporters. Trading companies are now attempting to clear their current stocks and export grains that were procured during marketing year 2007/2008.
Export Following the cancellation of grain export quotas, export volumes increased exponentially in May. Official Ukrainian statistics show grain exports in May 2008 totaled; wheat = 140,000 tons, barley = 250,000 tons and corn = 464,000 tons. Total July-May wheat exports totaled 428,000 tons; barley exports totaled 632,000 tons and corn 1,126,000 tons. (Please refer to the grain export tables (by month and destination) in the Statistical Tables Section.)
Grain exports were very active during the first half of June 2008. According to official port statistics, export totals through June 18, reached; 158,000 tons of wheat, 248,000 tons of barley and 125,000 tons of corn.
June 2008 grain stocks are 44% higher than June 2007 grain stock levels. According to inland silo industry information, silos are currently at full capacities, much higher levels than in an average year. The owners of these silos are also expecting to have some difficulties accommodating grain from the new record high crop. One time storage capacity of inland silos is estimated to be approximately 25-28 million tons for all crops, including oilseeds. Total 2007/2008 grain stocks amounted to 6.7 million tons on June 1 and about 0.7 million tons of oilseeds.
Date: 08.07.2008 Leave your comment
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