Russia, Ukraine, Kazakhstan will increase share of global grain trade to 30% in the coming years, up from 20% currently, economist says

LOS ANGELES , December 7, 2011 () – Russia, Ukraine, and Kazakhstan will increase their share of the global grain trade to 30% in the coming years, according to Ignacio Perez, economist for the Organization for Economic Co-operation and Development, APK-Inform Information Agency reported Dec. 7.

The three countries currently comprise 20% of global grain exports.

Russia’s wheat exports in the current agricultural year will reach 19 million tonnes, up from 4 million tonnes last year, according to estimates from the United Nations Food and Agriculture Organization. The country’s barley shipments will total 2.1 million tonnes.

Wheat exports from Kazakhstan will total 8.5 million tonnes, up from 5.5 million tonnes last year.

Ukraine’s wheat shipments will total 9 million tonnes, barley exports will reach 3.5 million tonnes while corn shipments will reach 9.7 million tonnes.

The primary source of this article is APK-Inform Information Agency, Dnipropetrovsk, Ukraine, Dec.71, 2011.

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