Ukraine. Government raises grain export forecast 17%
2011-09-20 17:38:53
The Cabinet of Ministers has raised the forecast of grain exports by 17%, or 3.434 million tons to 23.434 million tons in 2011/2012 marketing year (July 2011 - June 2012). This is stated in the government's draft state program of economic and social development of Ukraine for 2012 and the 2013-2014 guidelines, registered in the Verkhovna Rada on September 15.
Under the program, grain production this year will amount to 50.026 million tons, and the remnants by the beginning of July amounted to 6.225 million tons (3.8% up on the same date in 2010).
The government estimates this country's consumption fund in the current marketing year at 6.697 million tons, the demand for seeds at 3.222 million tons and feed 14.742 million tons.
Inventories as of July 1, 2012 are projected at 5.747 million tons.
The Cabinet plans extension of duties on grain exports until the end of the 2011/2012 marketing year (July 2011 - June 2012).