Ukraine will increase the planted area for corn, soy and beet in this year's harvest, while the sunflower and barley planted area will be smaller, the agriculture ministry said Wednesday.
The accumulated debt in VAT refund couldn't be payed to exporters by the current government in "cold cash," reported Anatoliy Bliznyuk, Head of Donetsk Administrative Office on the press-conference in Donetsk on April, 6. He, also, added that longstanding problem of VAT refund will exist in near future as it is almost impossible for government to find the right solution.
As of April 1 2010, winter grains sowings in Ukraine were damaged throughout 0.27 mln ha, or nearly 3.1% of the planted areas totaling 8.56 mln ha, informed the Ministry of Agrarian Policy of Ukraine. At the same time, 14.6% of the general sowing areas, or 1.21 mln ha showed weak and thinned condition and 0.41 mln ha or 4.8% of agricultural crops areas are to be resowed.
It was also stated that 3.3 mln ha of winter grains sowings (39,9%) showed good condition indices, and 3.77 mln ha – satisfactory condition (45.5%).
Sugar fell in New York for the third time in four sessions on renewed concern that output will top forecasts in India, the world’s second-biggest grower. Orange juice dropped to the lowest price in more than three months.
Soybeans rose the most in a week on speculation that an end to the global recession will boost demand for the oilseed to make food and animal feed. Economies will recover at various speeds, led by China and India, the Organization for Economic Cooperation and Development said. The Asian countries are the world’s biggest consumers of vegetable oil made from soybeans. U.S. payrolls in March rose the most since March 2007, signaling a rebound in the job market.
Corn rose for a second straight day on speculation that a slump in prices this year may stall as farmers begin to plant crops in the U.S., the world’s largest grower and exporter.
Wheat prices posted the biggest gain in almost five weeks as some hedge funds and traders unwound near-record bets on a price slump. Speculative short positions, or wagers on declining prices, more than doubled in the first quarter, Commodity Futures Trading Commission data show. So-called net-shorts were 56,716 contracts in the week ended March 30, compared with a record 60,457 on Feb. 9.
Cattle futures rose for the third straight day on bets that U.S. meatpacker demand for animals will increase as profit margins improve. Hogs fell from a 12- year high.
Wheat fell to a five-month low after a government report showed U.S. growers may plant more than estimated.
Sugar prices will extend a slump, following the biggest quarterly plunge since 1985, as Brazil and India, the world’s largest producers, harvest bumper crops next season, analysts and traders said.