News

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.

The realization of the governmental policy, which will provide favorable conditions for existence and development of the domestic grain production, which the basis of the agro industrial complex of the country, is main task of the state regulation of the market of grains. To date, the market of grains faces the problem of insufficient development of infrastructure and high infrastructural charges. Russia needs advance development of own infrastructure for the normal functioning of the market of grains.

The Crimea almost completed the autumn field works, declared Pavel Akimov, the Minister of Agrarian Policy of the Autonomous Republic of Crimea (Ukraine), on November 6. Agrarians sowed winter crops throughout 527 thsd ha for the harvest-2010, or 79% from the planned areas.

World 2009-10 wheat production is revised up to 666.69 million metric tons, from the October estimate of 663.37 million tons, Germany-based analytical firm F.O. Licht said Monday. This is a 2.6% fall on the year. European Union 2009-10 wheat production was revised up 830,000 tons on the month to 138.48 million tons, said the firm.