White sugar climbed to the highest price in at least two decades in London on speculation that India, Pakistan and other importers will purchase more of the sweetener as a supply deficit looms.
Exporters in Ukraine have sold several hundred containers of feed wheat to Vietnamese buyers at a price of $230 per ton, basis cost and freight, a trading executive involved in the deal said Wednesday.
The European Commission has approved 13 programmes in 11 Member States to promote milk and milk products in the European Union. The total budget of the programmes, running for a period of three years, is € 35.8 million of which the EU contributes € 17.9 million. This was one of a set of measures proposed by the Commission in July 2009 to address the difficult market situation faced by the dairy sector (see IP/09/1172 ). The Commission committed itself to adopt an additional round of dairy product promotion programmes on the internal market.
As of January 14, winter grains sowings in Ukraine were in good condition throughout 3.94 mln ha, which totaled 46.1% from the general volumes of winter crops sowing areas. Winter grains areas with satisfactory conditions occupied 3.74 mln ha, or 43.9%, declared the Ministry of Agrarian Policy.
The government of Ukraine realized special anti-crisis measures for stabilization of the situation in the agro industrial complex of the country, which allowed to provide the positive rates of growth of the agricultural production in 2009, declared Bogdan Danilishyn, the Minister of Economics of Ukraine.
According to preliminary data of the State Committee of Statistics of Ukraine, in 2009, the general production volumes of the agricultural industry of all varieties of agrarian economies of Ukraine increased by 0.1%, including agrarian enterprises – reduced by 0.6%, economies of the population – grew by 0.6%, declared the State Committee of Statistics on January 18.
Ukraine harvested 46 million metric tons of grain in clean weight in 2009, which is 14% lower than in 2008, the state statistics committee reported Monday.
White sugar rose for the first time in three days in London on speculation buyers will seek to add to stockpiles because of expectations for a supply shortfall.
Wheat fell, marking the biggest weekly loss in 13 months, on concern that increased global production will boost inventories and curb demand for exports from the U.S., the world’s biggest shipper.
Wheat fell as government reports showed demand remains low for exports while inventories are rising in the U.S., the world’s biggest shipper of the grain.