Ukraine to boost grain exports this year: minister
High carry-over stocks will boost Ukrainian grain exports in the current marketing year despite a harvest decline, Ukrainian Agriculture Minister Mykola Prysyazhnyuk said here Thursday, according to Xinhua.
"We are planning to export from 22 to 23 million tons of grain during the 2012-2013 marketing year given a projected harvest of 47 million tons," Prysyazhnyuk told journalists during his visit to the country`s northern region of Zhytomyr.
When the new season started on July 1, Ukraine`s carry-over stocks were at 10.8 million tons, up 79 percent year-on-year, Prysyazhnyuk said.
In the previous marketing year, Ukraine`s grain exports rose 81 percent year-on-year to 21.8 million tons, the minister said.
Ukraine had a record grain harvest of 56 million tons in 2011, including 22 million tons of wheat.