Ukraine to face significant shortage of grain storing capacities in 2022/23 MY – APK-Inform

Source

APK-Inform

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According to APK-Inform, taking into account the current export pace, domestic processing volumes and losses, the carry-over stocks of grains and oilseeds can amount to 25.1 mln tonnes in Ukraine in 2021/22 MY, up 4.2 times compared to the previous season. This will not allow to free a significant part of storing capacities for new-harvest crops. If we take off the grain stocked at ports and in silos in regions under constant hostiles as well as the grain in damaged storages, the carry-over stocks will total 21.3 mln tonnes.

According to the State Statistics Service of Ukraine, as of January, 1 2022, the overall storing capacity was 75 mln tonnes, including 30.5 mln tonnes owned by processing and storing enterprises and 44.5 mln tonnes owned by farmers. Ukraine will have an access to 60.9 mln tonnes of storing capacities, as part of them are located in regions with ongoing hostiles. Thus, carry-over stocks will fill 35% of the total storing capacity in Ukraine.

APK-Inform forecasts the overall production of grains and oilseeds at 55.9 mln tonnes in Ukraine in 2022. Thus, the deficit of storages for new-harvest crops will be about 16.3 mln tonnes. The pace of the spring planting as well as weather conditions promote upward revision of the production forecasts in Ukraine that adds extra pressure under the absence of the sufficient storing capacities.

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