News
04.07.2012
Grain production in Ukraine may fall by 20% a year
Grain Ukraine cuts its forecast of grain production in Ukraine in 2012/13 by 3,8 to 46.1 MMT from previos forecast, and by 19% or 10.6 million tonnes below the harvest of 2011. Correction is due to smaller than expected yields for wheat and barley.
Grain Ukraine expects wheat production in 2012 will be 12.7MMT, barley - 6.4MMT and corn - 25 MMT. So wheat and barley production will amount 19.1MMT down by 39% a year. This level will be one of the lowest in the history of independent Ukraine - smaller the harvest of wheat+barley was only in 2000(17.1 MMT) and 2003(10.4 MMT).
Grain Ukraine expects high level of grain exports in 2012/13 - 24 MMT, but it is possible that it will be less in the case of restrictive measures (quotas).
