The projected volume of grain exports in 2016/2017 agricultural year (July-June) could total over 40 million tons, Ukrainian Agricultural Policy and Food Minister Taras Kutoviy said after signing a supplement to the memorandum of understanding with grain traders.
“According to forecasts, exports would exceed 40 million tons. This is the highest figure in the history of independent Ukraine”, the minister said.
Kutoviy said that the ratio between bread wheat and non-bread wheat exported would be 60% and 40% respectively. The wheat exports forecast is 16.5 million tons, including 10.1 million tons of bread wheat and 6.4 million tons of non-bread wheat.
“As for barley exports, it could be 5.6 million tons. For rye we formally set 1,000 tons not to fully ban it”, the minister added.
Kutoviy said that as of September 30, around 10 million tons of new harvest grain had been exported. This is 500,000 tons more than a year ago. In August over 4 million tons was exported. This is a record-hitting figure compared to the previous years. (Interfax/Business World Magazine)
