Ukraine Grain Stockpiles Seen Jumping to 12 Million Tons

Ukraine’s grain stockpiles will climb almost threefold by the end of the month to 12 million metric tons, said Mykola Bezuhlyi, deputy agriculture minister.

Stocks were 4.3 million tons as of July 1, according to state statistics office data.

Farmers will harvest 48 million to 49 million tons of grains this year, Bezuhlyi told reporters in Kiev, the capital, according to a statement published today on the government website. Exports in the marketing year from July 1 may rise to as much as 27 million tons, he said.

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

To contact the editors responsible for this story: James M. Gomez at jagomez@bloomberg.net; Claudia Carpenter at ccarpenter2@bloomberg.net

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