News
24.06.2011
Potential of grain production in Ukraine to be 70-80 mln tonnes - expert
With intensive land reclamation potential of grain production in Ukraine can total 70-80 million tons. Such a forecast was declared on June 23 in the conference "Grain Forum-2011" in Yalta by the representative of SE "State Food and Grain Corporation of Ukraine," Andrew Druzyaka.
At the same time, he said, grain exports may reach about 40 million tons.
Among the key issues of market development expert has called the lack of government support, lack of access to credit for agricultural business management and the lack of harmonization of standards for grain.
A. Druzyaka also noted that many farmers do not quite right understand the mechanism of forward purchases. According to him, after the farmers receive 70% of funds in the forward, the sum of the last 30% may be revised depending on changes in prices on the grain market.
Speaking about the potential of SFGCU, a company spokesman said that its storage capacity is 3.33 million tons of grains, flour production - 664.6 thousand tons per year, groats - 30.5 thousand tons per year. Capacity of port elevators - 150 thousand tons (simultaneous storage) and 2.38 million tons (transshipment).
According to him, the company plans to increase the land bank of up to 1 million hectares in the next 4 years. In the near future SFGCU also plans to take inmanagement 100-150 hectares of land.
Source from AgrimarketInfo
