Bloomberg News

Ukraine 6-Month Grain Exports May Be 10 Million Tons, Club Says

October 10, 2011

Oct. 10 (Bloomberg) -- Ukraine, set to become the world’s third-biggest corn exporter, will probably ship about 10 million metric tons of grain in the current marketing year’s first half, according to the Ukrainian Agribusiness Club.

Deliveries may come to about 2.5 million tons of grain a month if President Viktor Yanukovych signs a bill canceling corn and wheat export taxes, Volodymyr Lapa, an analyst at the club, told reporters in Kiev today. Legislators passed the measure Oct. 7. The marketing year started July 1.

The country is set to pass Brazil as the world’s third- biggest corn exporter, U.S. Department of Agriculture figures show. Grain shipments in the marketing year may come to 23.4 million tons, according to a bill published Oct. 7 on the parliamentary website.

--Editors: Dan Weeks, John Deane.

To contact the reporter on this story: Kateryna Choursina in Kiev at kchoursina@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net.


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