Bloomberg News

Ukraine’s Grain Exports May Be Less Than Government’s Target

January 16, 2012

(Updates with Grain Association comment in second paragraph.)

Jan. 16 (Bloomberg) -- Ukraine’s grain exports won’t exceed 12 million metric tons from now until the end of June, possibly missing the government’s target for the whole season, said Volodymyr Klymenko, head of the country’s Grain Association.

The state target of 26 million tons for the marketing year ending in June won’t be attained because of “inappropriate government policies,” Klymenko told reporters today in capital Kiev. Exports were 9.45 million tons so far this season, according to government figures, bringing the total to 21.45 million tons including Klymenko’s estimate.

Grain producers and exporters are getting too few freight cars from state managed railroad operator Ukrzaliznytsya, according to Klymenko. Some traders are getting only 30 percent of their needed cars, he said.

Ukraine’s grain exports advanced to 9.45 million tons this season, up from 6.79 million tons a year earlier, the Agriculture Ministry said in an e-mailed statement today. Ukraine had grain export quotas from October 2010 through May last year.

--Editors: Claudia Carpenter, Dan Weeks

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.


Cash Is for Losers
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus