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eNews from Wednesday, February 18, 2015

Grain Stocks in Ukraine Up 14% Year on Year in January

IntelliNews - Weekly Reports -- UKRAINE -- February 18, 2015 -- Grain stocks at agricultural enterprises in Ukraine (excluding small-scale), and at enterprises that store and process grain, amounted to 22.3mn tonnes as of February 1, 2015, an increase of 14% y/y, the State Statistics Service said on February 17. Wheat stocks amounted to 6.9mn tonnes, barley 1.7mn tonnes, corn 12.7mn tonnes, and rye 200,000 tonnes. Grain reserves just at agricultural enterprises weighed in at 12.3mn tonnes as of February 1, up by 16% y/y, including 3.8mn tonnes of wheat, 1.2mn tonnes of barley, 6.6mn tonnes of corn, and 100,000 tonnes of rye.

As of January 20, the Ministry of Agrarian Policy and Food estimated grain exports at 20.765mn tonnes since the early 2014/2015 marketing year (July 2014 - June 2015), the ministry's press service said. According to the report, since the start of the marketing year, Ukraine has exported 8.55mn tonnes of wheat, 3.746mn tonnes of barley, 8.286mn tonnes of maize and 233,000 tonnes of other crops. A total of 215,000 tonnes of grain were also loaded onto ships and prepared for export.

In the 2014-2015 marketing year, grain exports from Ukraine may grow by 2.9% and reach a record level of 32.9mn tonnes, according to the head of the business projects department of IA "APK-Inform" Rodion Rybchynsky. He noted that the forecast wheat exports amount to 10.8mn tonnes, demonstrating growth of 16.4%. The barley exports forecast totals 3.65mn tonnes, demonstrating growth of 47.8%. "Corn exports will decrease by 8.8% to 18mn tonnes due to crop failure," the analyst said. He added that an increase in grain exports in the current marketing year "is predetermined by the record harvest of 61.4mn tonnes and the drop in domestic consumption by 0.8%."

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