News

The Ministry of Agrarian Policy of Ukraine initiates the foundation of the company “Zerno Ukrainy”. To date, several Ministries and departments coordinate the law project, declared Yuri Melnik, the Minister of Agrarian Policy.

World wheat prices are expected to double in the next three decades, with an increase of up to 20% in the next decade, Joachim von Braun, director general of the International Food Policy Research Institute, told Dow Jones Newswires Monday. Speaking on the sidelines of a Food Security conference in London, von Braun said wheat is the most “troubled” grain crop going forward due to an expected increased incidence of disease combined with a lack of yield increases.

Ukrainian Agrarian Confederation forecasts the volumes of general grain production in Ukraine in 2009 at the level of over 47 mln tonnes, including over 10 mln tonnes of maize. Even the rates of grain exports exceeds the previous year export volumes, when grain harvest totaled 53 mln tonnes, declared Sergey Stoyanov, the general director of the organization.

The world autumn demand in fertilizers stimulates Ukrainian producers to increase capacity utilization and provides hope for successfully completion of the season. At the same time, prices for chemical industry production continue rising.