News

On December 30, 2009, the National commodity exchange (Russia) provided the regular exchange auction within the bounds of the state purchasing interventions on the market of grains. The government purchased 125.685 thsd tonnes of grains at the general sum of 446.56 mln RUR, declared the media department of CJSC National commodity exchange.

In 2009, Ukraine harvested over 48.5 mln tonnes of grains as opposed to the previous year volumes of 53.3 mln tonnes, declared Julia Timoshenko, the Prime Minister of Ukraine, on December 29. According to her, Ukraine also founded the state food reserve of grains at the volume of nearly 1.41 mln tonnes.

Corn rose for a second session on speculation that improving global growth will boost demand for food, animal feed and fuel made from the biggest U.S. crop.

Ukraine harvested 48.5 million metric tons of grain to Dec. 17 on 15.47 million hectares, or 99.9% of the total area to be harvested, with the average yield of 3.13 tons a hectare, the Agriculture Ministry said Friday.