Ukraine: APK-Inform reduced the forecast of grain export potential in 2015/16 MY

Ukraine: APK-Inform reduced the forecast of grain export potential in 2015/16 MY

Ukraine: APK-Inform reduced the forecast of grain export potential in 2015/16 MY

The FINANCIAL -- According to APK-Inform analysts, the export potential of the grain market of Ukraine in 2015/16 MY is estimated at 29.9 mln tonnes, a decrease of 15% compared with 2014/15 MY, announced Rodion Rybchinskiy, Head of Business Projects Division of APK-Inform Agency, during his report “Changes in the structure of grain production and consumption in Ukraine in the season-2015/16” within the fourteenth international conference "Grain Forum & Maritime Days -2015" on May 28.

In particular, the expert noted that the expected reduction of grain production in Ukraine will cause the fall of export volumes.

According to him, in 2015 the general harvest of grains and leguminous crops will reach 56.9 mln tonnes, down 11% compared with the record harvest in the previous season, which totaled 63.9 mln tonnes.

As for the exports of certain grain crops, in the coming season the wheat supplies will remain almost at the level of the current season and reach 11 mln tonnes, the barley exports - 2.9 mln tonnes, corn - 15.6 mln tonnes, said R.Rybchinskiy.