Business news from Ukraine

Business news from Ukraine

AGRICULTURE MINISTRY: UKRAINE HITS GRAIN EXPORTS RECORD IN 2015/16 AGRI-YEAR

4 July , 2016  

KYIV. July 4 (Interfax-Ukraine) – Ukraine’s Agricultural Policy and Food Ministry tentatively assesses grain exports from Ukraine in 2015/16 agricultural year (July-June) at 39.415 million tonnes, which is 13% more than during the previous season.

The ministry said in a press release on Saturday that wheat exports reached 17.354 million tonnes, corn – 17.396 million tonnes, barley – 4.409 million tonnes and other grain crops – 256,000 tonnes.

The ministry said that grain exports in the 2014/15 farm year totaled 34.805 million tonnes.

According to the State Statistics Service, grain harvest in Ukraine in 2015 totaled 59.96 million tonnes, which is 6.1% down year-over-year.

The U.S. Department of Agriculture (USDA) expects grain harvest in Ukraine in 2016 to reach 59 million tonnes, exports at around 32 million tonnes.