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Ukraine's Grain Shipments Are Seen Advancing From July 1

Ukraine’s grain exports will rise to 22 million to 24 million metric tons in the marketing year that starts July 1 from 19 million to 20 million tons in the current season, according to UkrAgroConsult.

Corn shipments will rise to 14 million to 15 million tons in the year after July 1 from 12.5 million tons in the current season, Serhiy Feofilov, head of the Kiev-based researcher, said today at a conference in the Ukrainian capital.

Wheat exports will be between 5 million and 6 million tons, compared with 4 million to 5 million, Feofilov said. Carryover stocks of wheat will be a record 7 million to 8 million tons as of July 1, compared with 3.6 million tons a year earlier, according to the analyst.

The sunflower crop will rise to 9.5 million tons from 9.3 million tons in the year-earlier period, Feofilov said at a conference. The harvest may reach 10 million tons if weather conditions are favorable.

Sunflower oil exports will rise in the marketing year from Sept. 1 to 3.25 million tons from 3.1 million tons in the current year ending Aug. 31, Feofilov said. Soybean exports will rise to 1.55 million tons from 1.4 million tons, according to the analyst.

Ukraine will harvest 46 million to 47 million tons of grain in 2012, Feofilov said, adding that chances of the government limiting shipments are “low,” at least until Jan. 1 next year.

UkroAgroConsult estimated the 2011 grain harvest at 50 million tons, less than the state statistics office’s figure of 56.7 million tons.

To contact the reporters on this story: Kateryna Choursina in Kiev at kchoursina@bloomberg.net

To contact the editors responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net

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