Ukraine harvested 42.3 million metric tons of grain in the year to Oct. 16 on 14.4 million hectares, or 92% of the total area to be harvested, with an average yield of 2.94 tons a hectare, the Agriculture Ministry said Monday.
“The current [economic] crisis is historically unprecedented in several ways,” Diouf said in the speech at the U.N.’s Food and Agriculture Organization’s headquarters in Rome. “As developing countries are more financially
and commercially integrated in the world economy, a drop in the global demand or supply and in credit availability had immediate repercussions on them,” he said.
Food prices are likely to increase due to rising global demand, which could also fuel the risk of protectionist trade measures in future, Standard Chartered bank said Friday.
Grain stocks in Ukraine on Oct. 1 totaled 23.4 million metric tons, 7% less than on the same date last year, the state statistics committee said Thursday. The grain stocks included 13 million tons of wheat, 6.2 million tons of barley, 1.1 million tons of corn and 900,000 tons of rye.
According to data of APK-Inform Agency, in 2008/09 MY, Ukraine supplied over 2 mln tonnes of sunflower oil on export markets, an increase of 700 thsd tonnes compared to the index of the previous season, which became the absolute record for the country.
U.S. stocks rallied, sending the Dow Jones Industrial Average above 10,000 for the first time in a year, on better-than-estimated earnings at JPMorgan Chase & Co. and Intel Corp. Oil climbed, while the Dollar Index slid to the lowest level since August 2008 and Treasuries fell.
As of October 14, Ukraine harvested nearly 5.5 mln tonnes of sunflower seed throughout 84% of planned areas, declared Yuri Melnik, the Minister of Agrarian Policy.
In 2009, the general production volumes of oilseeds in Ukraine are expected at the level of nearly 9 mln tonnes, including 6.1 mln tonnes of sunflower, 1.89 mln tonnes of rapeseed, 950 thsd tonnes of soybean, declared Stepan Kapshuk, the general director of the association "Ukroliyaprom", during the International conference of oilseeds, vegetable oils and by-products ("Oilseeds & Oils 2009"), taking place in Istanbul (Turkey) on October 12-14.
According to S.Kapshuk, the season-2008/09 of oilseeds processing was characterized with the record volumes of vegetable oils production. For the first time, Ukraine produced over 2.6 mln tonnes of vegetable oils, including over 2.5 mln tonnes of sunflower oil (the export volumes totaled 2.1 mln tonnes).
The growth of sunflower production to the level of 6.5 mln tonnes, the presence of the up-to-date technical base and advanced technologies, the excellent logistics assisted to the appearance of such results, marked the general director of "Ukroliyaprom".
Ukraine, Russia and Argentina take 53%of the world market of sunflower production (18%, 22% and 13% respectively), declared Vadim Litvinenko, the analyst of the market of oilseeds and by-products of APK-Inform Agency, reporting at the international conference “Oilseeds & Oils 2009” (Turkey). These three countries export nearly 32% of the world exports of sunflower seed.