Ukrainian Wheat and Corn Inventories Decline From a Year Ago

Ukrainian wheat and corn stockpiles declined from a year earlier, according to the country’s Agriculture Ministry.

Inventories of wheat fell to 6.5 million metric tons early this month, the ministry said in a statement yesterday. That compared with 8.1 million tons as of March 1, 2012, according to government statistics. Ukraine will require 3.5 million tons of the grain for domestic needs through the end of the marketing year on June 30, the ministry said.

Total grain stocks were 22 million tons as of early March, the statement showed, against 21 million tons a year earlier. The ministry projected domestic demand at about 9.7 million tons from March through June.

Corn inventories dropped to 9.5 million tons early this month, the ministry said. That compared with 9.7 million tons of the grain at March 1 last year, government figures showed.

Barley stockpiles were estimated by the ministry at 4.4 million tons at the start of this month. A year earlier, they contained 2.1 million tons of the grain used in brewing.

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

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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