News From Agro-Industrial Complex

The growth of processing capacities, and the high demand of importers caused the essential increase of production volumes of sunflower oil in the new season.

To date, our agency estimates the potential of sunflower oil production in 2009/10 MY at the level of 2.6 mln tonnes as opposed to 2.7 mln tonnes in 2008/09 MY.

The Agrarian Fund of Ukraine stocks 2.4 mln tonnes of grains, including the volumes given to agrarians as collateral for receiving of budget lend, declared Yuri Lusan, the First Deputy Minister of Agrarian Policy of Ukraine, on November 6. Such grain volumes will completely cover realization of interventions during the whole marketing year.

From the beginning of the current marketing year (MY, July 2009 – June 2010), and as of November 6, Ukraine exported 9.5 mln tonnes of grains, declared Yuri Lusan, the First Deputy Minister of Agrarian Policy of Ukraine. The rates of grain exports became higher compared to the previous year.

In the current year, grain harvest in Ukraine will total nearly 47 mln tonnes, declared Yuri Lusan, the First Deputy Minister of Agrarian Policy of Ukraine, on November 6. Previously, the Minister expected for grain production volumes at the level of 42.9 mln tonnes in clean weight.