In 2011/12 MY Ukraine expects for the record level of grain ending stocks – R.Rybchinskiy

Source

APK-Inform

2092

In 2011/12 marketing year Ukraine expects to receive the record level of grain ending stocks - over 12.8 mln tonnes, declaredRodion Rybchinskiy, Head of the business-projects department of APK-Inform Agency, at the eleventh international conference "Grain Forum - 2012" on June 8.

He noted that in 2010/11 MY the volume of grain ending stocks totaled nearly 5 mln tonnes, in 2009/10 MY - 3.5 mln tonnes, in 2008/09 MY - 4.55 mln tonnes.

According to the expert, the current season faces an increase of the average grain production of 30% during the recent five-year period.

Besides, the market faced an increase of grain exports during the five-year period by 29% and a change of its structure. Thus, in 2007/08-2011/12 MY the main countries-importers were Saudi Arabia (14% of the general exports), Egypt (12%), Spain (10%), Iran (6%), Israel (6%), Syria (5%), South Korea (4%), Tunisia (4%), Bangladesh (4%).

As a reminder, on June 6, 2012, the eleventh international conference "Grain Forum – 2012", organized by APK-Inform Agency, began its work in Yalta.The event was supported by the Ministry of Agrarian Policy and Food of Ukraine and the Ukrainian Grain Association.

The conference ended its work on June 8, 2012, in Yalta at the hotel Palmira Palace.

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