December 6, 2011 Tuesday
Grain exports outlook revised downward.
The outlook of grain export in 2011-2012 marketing year was revised downward by 11-12% to 23-24mn tonnes, the head of the ministry's economic development and agrarian market department Serhiy Kvasha has said. He noted that due to unfavorable weather conditions for sowing of winter crops, which have formed in Ukraine today, the government increased its forecast as to volumes of carryover stocks of bread grain twofold, from 2.4mn tons to 5mn tonnes. According to the ministry, as of December 1, grain export made up 6.919mn tonnes, out of these, wheat - 2.146mn tonnes, including milling wheat 1.107mn tonnes and 1.04mn tonnes of fodder wheat, barley - 1.837mn tonnes and corn - 2.85mn tonnes
Grain exports outlook revised downward.
The outlook of grain export in 2011-2012 marketing year was revised downward by 11-12% to 23-24mn tonnes, the head of the ministry's economic development and agrarian market department Serhiy Kvasha has said. He noted that due to unfavorable weather conditions for sowing of winter crops, which have formed in Ukraine today, the government increased its forecast as to volumes of carryover stocks of bread grain twofold, from 2.4mn tons to 5mn tonnes. According to the ministry, as of December 1, grain export made up 6.919mn tonnes, out of these, wheat - 2.146mn tonnes, including milling wheat 1.107mn tonnes and 1.04mn tonnes of fodder wheat, barley - 1.837mn tonnes and corn - 2.85mn tonnes
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