Ukraine Joins World’s Top 3 Grain Exporters
KYIV, Ukraine, December 14, 2011 /PRNewswire/ –
The Minister of Agrarian Policy and Food of Ukraine Mykola Prysyazhnyuk stated that
Ukraine had improved its grain exporting status. The country upgraded its position on the
global grain market due to the improved grain harvest and reduction of limitations on
export millage contributing to the remarkable upsurge in Ukrainian grain export.
In 2011 Ukraine cropped the record amount of grain in twenty years since declaring
independence. The unprecedented harvest – over 55 million tons of grain – as well as the
removal of the export taxes and quotas contributed to the export boost in 2011. The
decision of the Ukrainian government to refrain from limiting the country’s grain export
in the future went public last week.
Last year Ukraine took the fourth spot on the list of world’s leading grain exporters,
following the U.S., EU, and Canada. The U.S. Department of Agriculture habitually compiles
the list of countries that provide three quarters of trade volume in the industry.
Additionally, Minister Prysyazhnyuk said that Ukraine was leading in world barley
exports, ranking number one globally. In 2011 wheat export of Ukraine landed the country
the 6th position on the global market, according to the minister. Moreover, this year
Ukraine became the third corn supplier in the world, surpassing Brazil and being the
second runner-up to the USA and Argentina. Overall, in 2011 Ukraine increased its
agricultural export by 30 percent.
Given Ukraine’s rich grain production in 2011, this August the country initiated the
creation of the world’s grain reserve under the auspices of the United Nations. Minister
Prysyazhnyuk explained that Ukraine aimed to form a grain reserve of 10 to 12 million
tons, preserve it and make grain interventions on the market following the respective
decisions by the UN. This would allow for more efficient price regulation on the world
Currently, Ukraine claims its position as one of the leading agricultural countries in
the world. The country possesses 30 percent of world’s black soil – the most favorable
soil for agriculture. This allows for a certain commercial advantage. Consequently,
agricultural exports brought ten billion dollars to the Ukrainian budget in 2011,
according to Mykola Prysyazhnyuk.
SOURCE Worldwide News Ukraine