Business news from Ukraine

AGRICULTURE MINISTRY TO SIGN MEMO WITH GRAIN TRADERS ON GRAIN EXPORTS IN 2015/2016 MY AFTER SEPT 20

4 September , 2015  

KYIV. Sept 4 (Interfax-Ukraine) – A memorandum on grain exports in the 2015/2016 marketing year (July-June) between grain traders and the Ministry of Agricultural Policy and Food will be signed after September 20, 2015.

“This year the memorandum has not been signed, yet. We will sign it after September 20, when there will be data on the quality of harvested wheat,” President of the Ukrainian Grain Association Volodymyr Klymenko said at a press conference in Kyiv.

He added that Ukraine has harvested a good wheat yield this year, and the country also has rather large wheat ending stocks from last year.

“This year we expect the harvest to reach 60 million tonnes. We do not know what we’ll have on corn, Europe has lost 20% of its harvest,” the expert said.

According to him, since the beginning of the MY, Ukraine has exported 5.817 million tonnes of grain, specifically wheat – 2.64 million tonnes, barley – 1.86 million tonnes, and corn – 1.3 million tonnes.