Ukraine's grain exports will not exceed 1.2 million tonnes in
August, the same volume as in July, Agriculture Minister Mykola Prysyazhnyuk
said on Wednesday. "It will be great if exports reach 1.2 million tonnes
this month," Prysyazhnyuk said. Analyst UkrAgroConsult said this week
Ukraine had exported 389,000 tonnes of grain, mostly wheat, in August 1-13.
Prysyazhnyuk said high local prices prevented traders from making large
purchases of Ukrainian grains.
Local grain union UAC this week forecast that August exports could total 1.5 million tonnes. Wheat and barley traditionally dominate Ukrainian grain exports in the first months in the marketing year. Ukrainian milling wheat with 12.5 percent protein content cost $244-$251 per tonne ex-farm as of August 10, up from $210-$220 per tonne as of June 15.
Export prices for Ukrainian 11.5 percent protein milling wheat rose to $300-$305 FOB as of August 10 from $252-$255 FOB in mid-June. Ukraine has completed the 2012 wheat harvest, threshing 16.3 million tonnes of wheat bunker weight. The government says about 5 million tonnes of wheat could be exported in the 2012/13 season, which runs from July to June. Analysts have said, however, that the wheat crop was unlikely to exceed 14 million tonnes, and they put exports at 4.5 million tonnes. Ukraine harvested 22.3 million tonnes of wheat in 2011 and exported 5.3 million tonnes in 2011/12.
Local grain union UAC this week forecast that August exports could total 1.5 million tonnes. Wheat and barley traditionally dominate Ukrainian grain exports in the first months in the marketing year. Ukrainian milling wheat with 12.5 percent protein content cost $244-$251 per tonne ex-farm as of August 10, up from $210-$220 per tonne as of June 15.
Export prices for Ukrainian 11.5 percent protein milling wheat rose to $300-$305 FOB as of August 10 from $252-$255 FOB in mid-June. Ukraine has completed the 2012 wheat harvest, threshing 16.3 million tonnes of wheat bunker weight. The government says about 5 million tonnes of wheat could be exported in the 2012/13 season, which runs from July to June. Analysts have said, however, that the wheat crop was unlikely to exceed 14 million tonnes, and they put exports at 4.5 million tonnes. Ukraine harvested 22.3 million tonnes of wheat in 2011 and exported 5.3 million tonnes in 2011/12.
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