Ukraine becomes tough grains export competitor again

“With a record corn crop this year and plenty of feed quality wheat to sell, I would now say Ukraine will have 10 million tons to as much as 12 mt of corn and 7 mt of feed wheat available for export,” he said. Ukrainian farmers are using inputs like fertilizer more aggressively to increase yields. Capital spending on port facilities and export capacity is also increasing as multinational exporters invest in the region, but Sifferath warns that rail and export facilities could still prove a bottleneck for moving such grain volumes. “It wasn’t that long ago that the multinational grain companies were wondering if Ukraine was a safe place to invest in facilities, since the government can restrict exports, as it did in 2010,” he explained. In October, Ukrainian President Viktor Yanukovich cancelled export duties for wheat and corn that had been imposed in July, and Ukrainian officials have talked of exporting 27 mt of grain in 2011/12.

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