Ukraine may boost grain exports due to low yields in EU, US - IGC experts
2011-05-26 18:37:21
Ukraine may return to the world grain market in the coming months and swap roles with the U.S. and Europe, where drought leads to yield losses.
Export restrictions imposed by Ukraine will reduce its share in the world grain trade based on the marketing year returns (July 2010 - June 2011) to 6% from 22% a year earlier, according to the forecast of the International Grains Council (IGC).
It is noted that the United States and France, which once increased supplies to the Black Sea countries, this year are struggling with drought, which caused reduction in the harvest, and may reduce their export opportunities in MY 2011-2012.
Ukraine, in turn, will increase grain production this year by about 15% to 45 million tons, according to the agriculture ministry. The country will appropriately raise grain exports to 20 million tons from 13 million tons in 2011, Agriculture Minister Mykola Prysiazhniuk said today at the 4th GAFTA International Grain Conference in Kyiv.