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Ukrainian Winter-Wheat Crop May Plunge Up to 46%, Cabinet Says

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Jan. 4 (Bloomberg) -- Ukraine’s winter-wheat harvest may plunge as much as 46 percent this year because of adverse weather, according to the government.

The crop may come to between 12 million and 16 million metric tons, “should weather conditions for winter wheat plants continue to be critical,” the Kiev-based cabinet said in a statement on its website today. That compares with last year’s 22.4 million tons.

Milling-quality wheat will account for between 6 million and 8 million tons of the 2012 harvest, the cabinet said, against 13.5 million tons last year.

Stockpiles will meet domestic needs and leave an exportable surplus, according to the statement. Carryover grain inventories probably will be about 9.1 million tons as of July 1, the cabinet said.

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

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

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