Ukraine ready to export up to 20 million tonnes of grain, about half of its forecasted harvest in 2013, government official says

KIEV, Ukraine , August 9, 2013 () – Ukraine is ready to export up to 20 million tonnes of grain, or about a half of its forecasted harvest in 2013, a top-ranking official from Ukraine's ministry of agrarian policy and food said on Friday,

"The export potential out of the record-breaking grain harvest of 57-58 million tonnes will reach 27-28 million tonnes," Vitaly Sabluk, the director of the ministry's agrarian market development department, told journalists. "Ukrainian grain traders plan to export fifty percent of the grain harvest. The demand for and the prices on Ukrainian grain on foreign markets will be stable."

Sabluk noted that traditional markets for Ukrainian bread and fodder grain were Northern Africa and the Middle East. "Now we are taking effort to increase our share on these markets," he said. "Along with these regions, we plan to export our barley to the Gulf countries, and fodder cereals, such as maize, to the Asian regions, for instance, to China, South Korea, and Japan. Our further plans are to enter markets of Bangladesh, Taiwan and Indonesia."

He pointed to the high quality of Ukrainian grain. "Quality indices are high, so the domestic price is going to be higher than that on grain from Europe or Asia," he added.

As of today, Ukraine's grain harvest exceeds 30 million tonnes.

In 2012, Ukraine harvested 46.2 million tonnes of grain, or by 18.6 percent less than a year before. In the 2012/2013 marketing year (from July 2012 to June 2013), Ukraine exported 23 million tonnes of grain.

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