In 2014/15 MY, Ukraine reduced production of major groats

In 2014/15 MY, Ukraine reduced production of major groats

In 2014/15 MY, Ukraine reduced production of major groats

The FINANCIAL -- In 2014/15 MY, the production volumes of major groats in Ukraine significantly decreased. For example, in the reporting period the production of buckwheat groats totaled 77.8 thsd tonnes, down 5% compared with 2013/14 MY (81.9 thsd tonnes), while production of oat groats decreased by 54% and totaled 1.5 thsd tonnes only, against 3.2 thsd tonnes in the previous year.

Also, the market segment of barley groats decreased its production volumes. Thus, in 2014/15 MY the production of peeled barley groats totaled 12.6 thsd tonnes, down 6% compared with last year (13.5 thsd tonnes), and pearl barley production decreased by 13%, to 8.2 thsd tonnes, according to APK-Inform.

According to APK-Inform analysts, reduction of the Ukrainian population, decreasing of its purchasing power, and difficulties in work of grain processing enterprises, became the main reasons for such trend development.

Rodion Rybchinskiy, Head of Business Projects Division of APK-Inform Agency, will present more detailed data on recent trends in the flour milling and groats markets of Ukraine, at the conference "Flour & Groats: raw materials, market, technologies", to be held on September 24-25, 2015, in Kiev.